Single-proprietor ownership, multiple lines of business (rental, sales, small construction). Aim is for better operations management and to make proper charges to customers for services rendered.
2006-07-20 19:20:24 · 4 answers · asked by wiredjay 1 in Business & Finance ➔ Small Business
They should have at minimum:
Cash flow statement
Balance Sheet
Income Statement
2006-07-20 19:26:41 · answer #1 · answered by Dave 6 · 2⤊ 2⤋
First suggestion: Network with similar companies and find out what they are using. See what works for the specific areas you need to track. Quickbooks is a good program but may not be suitable for your particular business.
Second suggestion: Hire a small business accounting consultant who can get you set-up and trained on proper procedures.
Third suggestion: Work with your tax preparer or CPA to insure that you are accurately documenting for governmental reporting.
2006-07-21 10:12:33 · answer #2 · answered by allheart 2 · 0⤊ 0⤋
If you are tired of being in the dark and wondering what to do with you business as well as if you are getting the best and most up to date information when you have questions, take a look at my "protect and grow your small business" blog on yahoo360 and join 35000 other small business owners in the US who have all the best people they need on their team.
good luck
2006-07-21 03:26:53 · answer #3 · answered by mallicoatdd 4 · 0⤊ 0⤋
get quick books online, great way to track all the accounting needs of a small business.
2006-07-21 02:25:19 · answer #4 · answered by slara512 2 · 0⤊ 0⤋