Bookkeepers are essential for any small business owner. They keep track of all financial transactions, manage cash flow, and prepare reports that show how well your company is doing.
A Business Plan
You’ll need a good idea of what you’re going to sell, who will buy it, where you’ll find customers, and how much money you’ll make. This is called a business plan. It’s not just for startups; it’s also helpful for established businesses looking to expand.
An Inventory List
A list of inventory items is essential for any business. Whether you’re selling products online or offline, having an accurate inventory list helps ensure you’re getting paid for everything you sell.
A Budgeting Spreadsheet
You’ll need a budget spreadsheet to keep track of how much money you spend each month. This will help you stay within your monthly spending limit and prevent you from going into debt.
A Payroll System
If you’re just getting started with a small business, you might not need a full-fledged payroll system right away. However, as your company grows, you’ll likely need an automated payroll system to make sure you pay employees accurately and on time.
A Tax Preparation Guide
You can use QuickBooks Online to prepare your taxes online. It’s easy to set up and will help you save money by reducing the number of forms you need to file.