My last post gave you the first key system that’s necessary for business success. If your paper doesn’t have a home, get things in gear and set up that filing system so that you can get to the next key system!
You can’t successfully run a business if you don’t have a good accounting system in place. For accurate and easily accessible records and having everything in one place, choose one of the user friendly accounting software packages on the market.
If you don’t know how to set up your accounting software, make the investment to have someone to set it up for you and learn how to use it. Set up files for your receipts, client invoices, bills, etc and a process for entering things into the software you choose so that everything gets recorded. Use the benefits that the software has to offer to the fullest extent.
Once you have everything set up, make the necessary entries so that all of your current invoices and expenses are there. Consult a professional to find out exactly what things should be entered to make things flow for you.
My next post gives you key #3.