Download - 10 reasons why bookkeeping contribute to the success of your business

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Obtains Funding From

Financial Institutions 1

Banks often demand your financial statements, projects records and

accounting procedures in order to check the state of your financial

documents to evaluate your risk for loan consideration.

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Establish Financial Statements

and the Current Business Tax Return

In addition to considerable time savings for the preparation of

your taxes, good financial records will allow you to avoid the

penalties and other delays.

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Complying with Federal

and State Payroll Tax Rules3

When the time comes up for the tax filings to follow the

regulations and rules you need accurate data that only good

financial record keeping can provide.








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Calculate Your Profit and Loss

(Income Statement)

The dividends of your shareholders will be

determined through reports of profits that you

bring from your financial records. The taxes you

pay will depend in your final Profit.

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Identify the Sources of Income

Distinguish which products or services are most

profitable and be able to repositioning yourself to

a changing market place.

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Build your budget

Establish spending patterns and cash flow

requirements are important aspects to lead your

business. This document may be required by your

banker and by any investors.

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Gain the Confidence of

the Stakeholders in your Business

You must be able to prove that your business is

reliable and durable in many

situations. Especially when you sign contracts

with suppliers or even with creditors or from

interviews with investors

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Determine your Company’s Profile

Through a collect of documents such as

receipts, invoices, bills and checks, cash

book and every other important financial

register , you can determine your profits and

your losses and determine your cash flow.

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Gain Information to Make Decisions

The collected information will allow you to anticipate market

fluctuations and compare your results with those of your

industry

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Reduces your Accountant Bills 10

By having a competent bookkeeper you can provide clean,

clear reports to your CPA that will save you money on your tax

return preparation








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For more on bookkeeping services, information and tips

Visit our Website Visit our Blog

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Download - 10 reasons why bookkeeping contribute to the success of your business

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