10 reasons why bookkeeping contribute to the success of your business
Post on 15-Jul-2015
5.627 Views
Preview:
TRANSCRIPT
Join us
Copyright© 2012 Mark's Bookkeeping Services, LLC. - All Rights Reserved
http://www.marksbookkeeping.com
1
Join us
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.
2Copyright© 2012 Mark's Bookkeeping Services, LLC. - All Rights Reserved
http://www.marksbookkeeping.com
Join us
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.
2
3Copyright© 2012 Mark's Bookkeeping Services, LLC. - All Rights Reserved
http://www.marksbookkeeping.com
Join us
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.
4Copyright© 2012 Mark's Bookkeeping Services, LLC. - All Rights Reserved
http://www.marksbookkeeping.com
Join us
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.
4
5Copyright© 2012 Mark's Bookkeeping Services, LLC. - All Rights Reserved
http://www.marksbookkeeping.com
Join us
Identify the Sources of Income
Distinguish which products or services are most
profitable and be able to repositioning yourself to
a changing market place.
5
6Copyright© 2012 Mark's Bookkeeping Services, LLC. - All Rights Reserved
http://www.marksbookkeeping.com
Join us
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.
6
7Copyright© 2012 Mark's Bookkeeping Services, LLC. - All Rights Reserved
http://www.marksbookkeeping.com
Join us
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
7
8Copyright© 2012 Mark's Bookkeeping Services, LLC. - All Rights Reserved
http://www.marksbookkeeping.com
Join us
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.
8
9Copyright© 2012 Mark's Bookkeeping Services, LLC. - All Rights Reserved
http://www.marksbookkeeping.com
Join us
Gain Information to Make Decisions
The collected information will allow you to anticipate market
fluctuations and compare your results with those of your
industry
9
10Copyright© 2012 Mark's Bookkeeping Services, LLC. - All Rights Reserved
http://www.marksbookkeeping.com
Join us
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
11Copyright© 2012 Mark's Bookkeeping Services, LLC. - All Rights Reserved
http://www.marksbookkeeping.com
Join us
For more on bookkeeping services, information and tips
Visit our Website Visit our Blog
Please leave comments below
12Copyright© 2012 Mark's Bookkeeping Services, LLC. - All Rights Reserved
http://www.marksbookkeeping.com
Join us
Photos Credits
Image: Arvind Balaraman / FreeDigitalPhotos.net
Image: jannoon028 / FreeDigitalPhotos.net
image: winnond / FreeDigitalPhotos.net
Image: Kittikun Atsawintarangkul / FreeDigitalPhotos.net
Image: digitalart / FreeDigitalPhotos.net
Image: ddpavumba / FreeDigitalPhotos.net
Image: sheelamohan / FreeDigitalPhotos.net
Image: nokhoog_buchachon / FreeDigitalPhotos.net
image: winnond / FreeDigitalPhotos.net
Image: Keerati / FreeDigitalPhotos.net
Image: Ambro / FreeDigitalPhotos.net
Each photo is copyright to the respected owner.
13Copyright© 2012 Mark's Bookkeeping Services, LLC. - All Rights Reserved
http://www.marksbookkeeping.com
top related