As we head into Q3 it's important to do some basic checks so you're not scrambling at the end of the year.
Accounts Payable:
- Review to ensure there are no unpaid or open bills (especially important when we get to any yearend adjustments)
- pay off any bills that need to be recorded in the current year
- review if you should be prepaying any bills
Accounts Receivable:
Take a few minutes to sit down and review the following:
- review list of unpaid invoices
- remove any uncollectible invoices
- fix any errors on bills
- apply any necessary credits
- be sure your files are updated before sending year end statements
Chances are, a bookkeeper could do this faster (more efficiently = more effectively) than you can. Reach out to us at Saul Bookkeeping for a 30-minute FREE consultation on how we can make your life easier, and help maintain consistent cash flow & records for your business. We specialize in equestrian businesses of all kinds and sizes (English/Western, boarding, showing, training/sales etc.) as well as small law firms with generally 1-3 partners. We can help!