NALH Bookkeeping » Bookkeeping Tips

The Search Is On – Guest Bloggers Wanted For NALH Blog

NALH Bookkeeping Services — Fri, 07 Jan 2011 22:43:43 +0000

We realize that there’s more to business than bookkeeping. That’s why, in our newsletters and on our blog, we do our best to provide information that is well-rounded and speaks to the everyday challenges of business owners in a number of areas.

We like to keep things fresh, so we’re always on the lookout for interesting articles and blogs that feature tips & tricks that may be helpful to our readers.

Do you have an idea for an article that might be of interest to business owners? Have you learned something during your time in business that might benefit others in a similar situation? If you would like to submit a guest post that will appear on our blog, get in touch with us! We’d love to hear about the information you have to share!

CLICK HERE TO CONTACT US WITH YOUR GUEST BLOG IDEAS >>

NALH Newsletter Archive: June 2010

NALH Bookkeeping Services — Thu, 03 Jun 2010 21:21:29 +0000

Not on our newsletter subscribers list yet? Here’s a taste of what you’ve been missing…

NALH e-Newsletter June 2010

In This Issue:

Contact Our Help Desk For Assistance with Getting Your Business Ready for HST
BC Government Offers Grants for Employee Training
The Science of Success
Getting Back to the Garden
NALH Invoices Go Digital
Get Out There and Work the Pond
Media Coverage 101 – Tips & Tricks of the Trade
Canadian Mortgage Rate Comparison
Let’s Get Social: Join Us on Facebook, Twitter & LinkedIn

Read the June 2010 issue of our newsletter.

Missed an issue? You can also read all previous issues in our newsletter archive. Want to join our subscribers list? Visit our site to subscribe to our newsletter.

Bookkeeping Tip: Don’t Over-Categorize

NALH Bookkeeping Services — Mon, 29 Mar 2010 18:27:21 +0000

We’ve all heard the saying – less is more. And, more often than not, it’s true. While it’s good to be detail-oriented when sorting your business expenses by category, there’s a fine line where it can become over-categorization.

For instance, when categorizing office supply expenses, it’s not necessary to break them down into separate categories for fax paper, letterhead, printer cartridges, etc. All these items can simply be listed under Office Supplies.

Keep it simple and you’ll save yourself – and your bookkeeper – time in the long run!

Bookkeeping Tip: Designate One Credit Card for Biz Expenses

NALH Bookkeeping Services — Mon, 22 Mar 2010 17:16:41 +0000

As always, our bookkeeping tips are intended to help you streamline your business paperwork and help you save money on your accounting bill. This tip focuses on designating a single credit card for business purchases.

One, two, five or ten? Visa, Mastercard, American Express…Look in your wallet. How many credit cards do you see? Which one will you choose to use today to make that business-related purchase?

Your bookkeeper doesn’t mind which of your credit cards you choose to utilize for business purchases - go for the one that gives you the most reward points! However, using the same card consistently each and every time you make a business purchase is key to streamlining your paperwork.

Designating a single card to be used for all business-related purchases will organize your paperwork onto twelve pieces of paper per year – one statement per month. When preparing your paperwork to drop off at your bookkeeper’s office, attach your receipts to the appropriate statement.

These small changes can make a big difference in the time your bookkeeper spends sorting your receipts and matching them to the appropriate statements – and that will save you money!

Bookkeeping Tip: Match Receipts to Statement Items

NALH Bookkeeping Services — Mon, 15 Mar 2010 16:55:07 +0000

Once again, our tip will focus on small changes you can make to your paperwork prep routine. Putting your receipts and statements into good order before bringing them in helps make the most efficient use of your bookkeeper’s time which will, in turn, save your business money!

When you receive your monthly credit card and bank statements, write a number next to each item on the statement. Then, find the corresponding receipt for each transaction and write the same number on the receipt that goes with that item on the statement. Sort receipts in number order and attach all receipts to the relevant statement. This will save your bookkeeper a significant amount of time sorting receipts and matching them to the correct statement and will reduce your bill as a result.

We hope you enjoy our weekly bookkeeping tips! Have a suggestion for a tip we can share with our readers? Contact us to submit your time-saving techniques for keeping your paperwork in order!

Bookkeeping Tip: Label Receipts at Point of Purchase

NALH Bookkeeping Services — Mon, 08 Mar 2010 16:53:29 +0000

Here’s a quick tip that will save you significant time when you sit down to sort receipts and get your paperwork ready to drop off at your bookkeeper’s office. When you make a purchase at a store, restaurant or other vendor, when the clerk hands you your receipt, quickly write on the receipt which account was used to pay. Was it your business chequing? Company credit card? Personal debit card? Cash? Use labels or abbreviations that will make sense not only to you, but to your bookkeeper.

Labeling your receipts as you go along will save you a lot of time you’d otherwise spend scrutinizing the fine print on your receipts to check account numbers and figure out if the purchase was made with debit, credit or cash.

We hope you enjoy our weekly bookkeeping tips! Have a suggestion for a tip we can share with our readers? Contact us to submit your time-saving techniques for keeping your paperwork in order!