Image by dannyman via Flickr

In spite of people like us, whom look to provide a web based accounting product easier to use and simplifying many processes, at the end of the day the responsibility of the bookkeeping for your small business still relies on YOU.

That’s right. It’s amazing that in this business, we find that there are some businesses out there that still manage to go all year without entering a single entry until the end of the fiscal year where then there’s a mad scramble to fill in whatever entries there were for the entire year. Call us crazy, but that’s just nuts.

So with the New Year, perhaps one of your new resolutions for this fiscal year is to:

• Schedule out a set time slot every month to manage your books.
• Hold that schedule unless there isn’t any accounting to be done.

It sounds strange, but no matter how boring it sounds, or how difficult it may be to put in a few hours in the middle or at the end of the month, you’ll thank us later. Because nothing drives a person mad than trying to figure out whether or not the receipt from last January was part of a project expense or just a petty cash purchase.