Make time in your weekly and monthly schedule for recordkeeping and filing.

Entering checks and receipts into an accounting system, filing your paperwork, and reviewing your business financial statements needs to be done on an ongoing basis. Even 10 minutes a day can make a huge difference in how well your office is organized.

Also, doing a monthly review of your Profit and Loss and Balance Sheet statements should reveal any glaring mistakes that can be corrected now instead of next tax time.

Jan McDonough