Bookkeeping Basics – What Every Small Business Owner Should Know

Introduction:

Keeping your finances in order isn’t just good practice—it’s essential to the success and longevity of your small business. At Bradshaw Financial Services, we help small business owners organize their books so they can focus on growth instead of paperwork.

Why Bookkeeping Matters:

Bookkeeping isn’t just about tracking money in and out—it’s about building the financial foundation of your business. Accurate books help you:

• Understand your cash flow

• Make informed business decisions

• Stay compliant with tax laws

• Avoid penalties from missed deadlines

Common Bookkeeping Mistakes:

1. Mixing business and personal finances

2. Not reconciling bank statements monthly

3. Missing expense receipts

4. Failing to track invoices and accounts receivable

5. DIY software without proper setup or guidance

Tips for Better Bookkeeping:

• Set aside time weekly to update records

• Use cloud-based software for real-time access

• Save receipts digitally and back them up

• Hire a professional bookkeeper to save time and reduce errors

Why Outsourcing to Bradshaw Financial Services Makes Sense:

We take the stress out of bookkeeping by managing your accounts accurately and efficiently. We’re not just keeping records—we’re helping you build your business on a solid financial foundation.

Ready to take control of your books? Contact us today for a free consultation.

Office: (828) 521-3996

Website: www.bradshawfinancialservices.com