Keep Your Records in Order Prior to Finding a NYC Bookkeeper
The best way to prevent you fledgling small business from failing do to financial mismanagement is to hire a certified CPA NYC bookkeeper to manage you accounts and to help you make wise financial decisions. The sooner you do this, the better.
There’s a little more to hiring the best possible NYC bookkeeper than simply picking one out of the phone book. You want to take your time and find one who not only understands bookkeeping and business law, but who also understand the unique quirks of your industry. It’s even better when you’re able to find one who can look at your books and help you arrange things so you never stress about your bottom line and so you always meet your financial goals. A good accountant is worth their weight in gold.
Finding a good NYC bookkeeper who will be a perfect fit for you will take time. Even though New York City is full of accountants, a majority of them won’t be quite what you need. You want to give yourself plenty of time to work your way down the list and make sure you make a final decision you’re comfortable with. This takes time and research.
The amount of time it takes you to sort through possible accountants will be just one thing you need to think about. The process is further complicated by the fact that there’s a large period of time, starting in January and running through mid-April, where all of the good NYC bookkeepers will be too busy trying to prepare their current client’s tax records to even think about taking on new clients. If you’re going to be open for business during this period of time and haven’t yet found a CPA that’s right for you, you need to be prepared to keep your financial records in order.
The good news is that advances in technology have made keeping your books a great deal easier than it was for the previous generation. Not only is it likely that you’re better educated, but you also have access to some really good software programs which will help you determine which forms you should use and do the math for you. You want to take advantage of these programs lie Quick Books. Not only do they help you manage your finances, but when you do find an accountant they will appreciate the fact that at least part of the work has been done for them, and that you’re not just handing them a paper bag full of crumbled receipts that have to be sorted.
When you’re doing your books by yourself, the worst possible thing you can do is put things off. While the temptation to place your receipts and invoices in a folder and deal with them at the end of the week, this is a bad habit to get into. The mountain of work you find waiting for you can be intimidating. The best way to make sure you don’t fall behind is entering all of the information into your program at the end of each business day which will probably take a few minutes. The next morning you need to go over your work and double check that you entered everything correctly.