Bookkeeping6 min read
Bookkeeping Tips for Florida Small Business Owners
Practical, no-nonsense bookkeeping habits Florida small business owners and independent contractors can start this week.
Separate business and personal accounts on day one
Open a dedicated business checking account and credit card. Commingling is the fastest way to lose deductions and complicate an audit.
Reconcile monthly, not annually
Match every bank and credit card transaction to your accounting software every month. Waiting until tax time turns a two-hour task into a two-week nightmare.
Send invoices the day work is complete
The single biggest lever on small business cash flow is invoicing speed. Send invoices immediately and follow up on anything past 15 days.