We’ve discussed the importance of tracking your finances carefully in other episodes. One situation where it is very important to track your finances accurately is if you have outside investors in your company. In this episode, Bernard Roesch explains how to log investor contributions and equity within QuickBooks.
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We’ve talked in other episodes about how it is important to make sure your QuickBooks data matches the reality of finances in your business. Another area where business owners struggle with this is making sure that reporting dates for income match the time periods where that income is actually earned not just simply the payment dates.
There are many things you can do to streamline your accounting process. One of the biggest areas where you can streamline your accounting process is to enable your sales team to see accounting data such as invoices and payments.