Spring is in the air! The birds are chirping, the weather is getting warmer, and your books are probably lacking the attention they deserve. The week following the first day of Spring is known as National Spring Cleaning Week, and that also applies to your books. Block of some time on your calendar, grab your favorite go-to drink, and get ready to organize until your books are spotless!
Log & throw out receipts.
First, grab that pile of receipts you’ve been collecting and start logging each transaction. Double-check for accuracy and attach as a file, if possible. QuickBooks allows this feature and we can say from our own experience that it’s incredibly convenient. Once every transaction is accounted for, get rid of that pile so you can start anew!
Sign up to go paperless.
Avoid chasing around physical receipts and go paperless! Not only are you helping the environment, but you also lose the clutter of having to save tangible documents.
Look into your recurring expenses and see which ones allow automatic payment. Quit trying to remember when your bills are due and automate them! This significantly decreases the chance of you ever missing a payment.
Make sure you have a back-up.
Save a back-up of your bookkeeping records somewhere. Many programs auto-sync a back-up every time you log in and others you have to manually run. The worst thing that could happen would be losing all your data and bookkeeping records in a disaster.
Review your budget & expenses.
Take this time to review your expenses thus far. Do any of them stand out to you? What about your budget? Are you staying within your means or are you going over every month? See where you stand currently and adjust to get where you’d like to go.
These are some simple ways to spring clean your bookkeeping, but don’t let it stop here! Do your research, talk with a professional, and organize your books the best you can. Happy cleaning!