Are you on of thousands of business owners who have fallen behind on keeping proper records of your company’s finances? Are you wondering how it is possible for you to catch up on bookkeeping and get your records back in order before this coming tax season?
The most important thing to remember is not to panic and not to put off getting your finances in order for any longer. When it comes to your bookkeeping, it is possible with a few changes to get back on track and stay on top of your finances. You may feel overwhelmed by the task of catching up on months of receipts and finances, but the financial team at King’s Financial Services is here to help you through this stressful time.
The worst thing you can do is continue procrastinating. The longer you wait to get on top of your company’s finances, the harder it will be to catch up. With the 2020 tax deadline just around the corner, you do not have much time to get your finances together. Instead of facing this task on your own, align yourself with King Financial Services. Our team is here to help make it easier than ever before for companies to catch up on their bookkeeping needs.
So what steps can you take to get back on top of your company’s bookkeeping? Below is a list of actions you can begin taking immediately to get your finances back on track and move forward, before tax season begins.
Gather All Of Your Receipts: While it may feel like busy work to business owners who are dedicating themselves to running and growing their business, keeping and organizing all receipts is one of the most important parts of running a successful and legal business. Unfortunately, if you have fallen behind on keeping track of your receipts it may be a very time-consuming task to tackle- making it the best place to start when it comes to getting back on top of your company’s financial records. When you work with King’s Financial Services, we not only help your company catch up on bookkeeping services, we also help put into place an efficient and easy solution for keeping track of all expenses moving forward.
Keep Track of Invoices: Whether you have received a customer’s payment, or have made a payout, it is important that you keep up with the amounts and dates of these. As important as keeping track of paid invoices, your company will need to stay on top of unpaid invoices. Many business owners delay sending out updates to the clients who have failed to pay an invoice in full. This is a great time to remember, your customers are also busy, sending them a reminder to pay you is not a nuisance, it is helpful and can make it easier for you to file away information.
Sandra King is an enrolled agent, empowered by The United States Treasury to prepare your personal or business tax filing. While her services are offered nationwide, Sandra King locally serves the greater Dallas-Fort Worth area, including but not limited to Arlington, Bedford, Colleyville, Euless, Fort Worth, Grand Prairie, Hurst, Mansfield, North Richland Hills, and Richland Hills.
King Financial Services Inc
610 S Industrial Blvd. Suite 140
Euless, TX 76040
Phone: (800) 503-1343