Up Top Bookkeeping LLC

A business with poor bookkeeping is like a boat without a rudder. It might go places but you have no control where.

A client of mine was curious why they were bringing in money but it didn't appear to be showing on their P&L statement. Part of their business was hosting events for people where they would take deposits prior to the event. When they received the deposits they were correctly putting the money into a liability account as it's unearned income until the event takes place. The problem was that after the events took place there was nobody clearing out the liability and moving the money to an income account. It's an honest mistake but the effect of it was that they didn't truly know how much income they were making and their books had overstated liabilities. A simple problem like this can lead to stress and headaches you don't want or need to deal with. Once we got that figured out and started recording the money properly again they felt a lot more at ease and were able to get that confidence back. Knowing exactly what's going on with your business is everything you need to feel empowered to be successful. Feeling like you're missing some of the picture for yourself? Let's figure it out together and make it make sense again.

Do you ever put your bookkeeping on the back burner and focus only on making sales and running the business thinking it will all work itself out? What's the worst that can happen right? A lot actually. Problems that can arise from this range from fines and penalties, not knowing where your money is going, or worse, you have to close your business. Nobody wants any of that. Having your books organized and detailed can significantly benefit your overall financial health. Errors in financial statements can lead to misguided business decisions or compliance issues. By ensuring your records are accurate and up to date not only will you reduce your tax liability and avoid potential penalties but you will be empowered with the information to make the business decisions that will actually make a difference. There's no better time to get your books in better shape than now. If you want help making better sense of your business and feeling like it's profitable then let's chat. Talking is free!

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