10 reasons why bookkeeping contribute to the success of your business

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Whether you are a small business, medium size- business or a non-profit organization, the good keeping of your financial records is crucial for the monitoring of your activity. Establish financial statements and the current business tax return, build your budget …
Learn how Bookkeeping Services can help you.

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10 reasons why bookkeeping contribute to the success of your business

  1. 1. Join us http://www.marksbookkeeping.comCopyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 1
  2. 2. 1 Obtains Funding From Financial Institutions Banks often demand your financial statements, projects records and accounting procedures in order to check the state of your financial documents to evaluate your risk for loan consideration. Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 2
  3. 3. 2 Establish Financial Statements and the Current Business Tax Return In addition to considerable time savings for the preparation of your taxes, good financial records will allow you to avoid the penalties and other delays. Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 3
  4. 4. 3 Complying with Federal and State Payroll Tax Rules When the time comes up for the tax filings to follow the regulations and rules you need accurate data that only good financial record keeping can provide. Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 4
  5. 5. 4 Calculate Your Profit and Loss (Income Statement) The dividends of your shareholders will be determined through reports of profits that you bring from your financial records. The taxes you pay will depend in your final Profit. Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 5
  6. 6. 5 Identify the Sources of Income Distinguish which products or services are most profitable and be able to repositioning yourself to a changing market place. Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 6
  7. 7. 6 Build your budget Establish spending patterns and cash flow requirements are important aspects to lead your business. This document may be required by your banker and by any investors. Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 7
  8. 8. 7 Gain the Confidence of the Stakeholders in your Business You must be able to prove that your business is reliable and durable in many situations. Especially when you sign contracts with suppliers or even with creditors or from interviews with investors Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 8
  9. 9. 8 Determine your Company’s Profile Through a collect of documents such as receipts, invoices, bills and checks, cash book and every other important financial register , you can determine your profits and your losses and determine your cash flow. Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 9
  10. 10. 9 Gain Information to Make Decisions The collected information will allow you to anticipate market fluctuations and compare your results with those of your industry Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 10
  11. 11. 10 Reduces your Accountant Bills By having a competent bookkeeper you can provide clean, clear reports to your CPA that will save you money on your tax return preparation Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 11
  12. 12. For more on bookkeeping services, information and tips Visit our Website Visit our Blog Please leave comments below Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 12
  13. 13. Photos CreditsImage: Arvind Balaraman / FreeDigitalPhotos.netImage: jannoon028 / FreeDigitalPhotos.netimage: winnond / FreeDigitalPhotos.netImage: Kittikun Atsawintarangkul / FreeDigitalPhotos.netImage: digitalart / FreeDigitalPhotos.netImage: ddpavumba / FreeDigitalPhotos.netImage: sheelamohan / FreeDigitalPhotos.netImage: nokhoog_buchachon / FreeDigitalPhotos.netimage: winnond / FreeDigitalPhotos.netImage: Keerati / FreeDigitalPhotos.netImage: Ambro / FreeDigitalPhotos.netEach photo is copyright to the respected owner. Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 13

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