Sum of All Numbers advises small businesses to avoid unnecessary headaches by implementing bookkeeping practices.
Fremont, CA (PRWEB) April 25, 2008 -- Any small business owner will agree that good bookkeeping practices are essential in keeping one's business running smoothly. Sum of All Numbers advises small businesses to get a head start on year end planning by keeping accurate and up-to-date books consistently to avoid unnecessary headaches during tax filing season.
Sum of All Numbers is a Fremont-based bookkeeping services firm that partners with small business owners to provide financial and bookkeeping services. The company works closely with its clients to enable the client to focus on growing and managing their business while saving them money in taxes paid.
"Keeping accurate and organized financials not only make tax filing easier for small businesses, but it also allows owners to know exactly where they stand financially at all times with their business," stated Sum of All Numbers' owner, Holly DeVito. "There shouldn't be any big surprises at tax filing time if you have sound bookkeeping practices in place."
DeVito advises to document and keep detailed records and receipts of all expenses throughout the year. "Many small business owners neglect to do this and end up paying more taxes than they should. There are many deductions available to small businesses that they miss out on by not keeping accurate records and receipts," added DeVito.
Reconciling books and bank statements on a monthly basis is an intregal part of operating a business. By doing so, business owners can easily monitor their account receivables, monthly expenses, sales trends, and know exactly where they stand with cash flow.
Meeting with a tax planner on a quarterly basis is also high on DeVito's recommendations to small business owners. That way, owners can be made aware of any new small business tax laws which may arise.
DeVito adds, "By implementing these bookkeeping practices throughout the year, small business owners can concentrate on running their business and growing revenue. And when tax season rolls around, they aren't scrambling to find information or receipts and can make tax filing a much easier process for them."
About Sum of All Numbers
Founded by Holly DeVito, Sum of All Numbers partners with small business owners to provide a variety of customized financial and bookkeeping services at affordable prices. By implementing a team approach with its clients, the experts at Sum of All Numbers are able to enable its clients to focus on growing and managing their business while saving them money without the overhead, payroll or hassles. For more information, call Holly at (510) 686-7986 or visit our website at http://www.sumofallnumbers.com/sign-up.html to get the FREE "It All Adds Up" Bookkeeping Solutions Kit.
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