Efficient book keeping will help you to figure
out the expenses and incomes of a business
Help you to take vital business management
decisions
Help you to save your time, effort as well as
money
Help you to evaluate your profit against
expenses
Can help you to save more on taxes
2:Pay the tax related bills as
quick as possible:
3:Categorizes your expenses &
make sure that are labeled
correctly
6:Review with the accountant
once in a month
Make yourself aware of the
basics of bookkeeping
Every week devote some of your
hours towards bookkeeping
Engage someone from your
family to look out the work
Engage a professional bookkeeper
Give regular effort towards tax
planning
How to manage the papers ??
Plan a place to organize the files:
Categorizes the documents and keep
them separately like:
One tray for the random things like memos, printouts
Another tray for the articles or the papers that you will read later
Another for the papers requiring quick action
Continue…
One for the active projects
One for the completed projects
Another for the waste papers