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Kansas Small Business Accounting Package

Wichita Kansas Small Business Accounting Package

Category:

Small Business

State:

Kansas

City:

Wichita

Control #:

KS-P007-PKG

Format:

Instant download

Description

This Small Business Accounting Package contains many of the business forms needed to operate and maintain a small business, including a variety of accounting forms. These forms may be adapted to suit your particular business or situation.

Included in your package are the following forms:

1. Profit and Loss Statement

2. Aging Accounts Payable form

3. Balance Sheet Deposit

4. Cash Disbursements and Receipts form

5. Check Request form

6. Daily Accounts Receivables form

7. Depreciation Schedule

8. Invoice

9. Petty Cash form

10. Purchase Order

11. Purchasing Cost Estimate

12. Records Management form

13. Yearly Expenses form

14. Yearly Expenses form by Quarter

Purchase this package and save up to 50% over purchasing the forms separately!

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FAQ

Small-business bookkeeping requires you to choose between single- or double-entry accounting. Single-entry accounting records all of your transactions once, either as an expense or an income.

You will need to open a business bank account, establish a bookkeeping process, categorize expenses, establish a budget and license accounting software.

Technically, you can do it yourself - but some would argue that leaving it to an accountant is a better idea. These days, however, clever tech can help you confidently handle your obligations yourself - so a financial professional may not be the best use of your money.

An accountant can help you handle growth transitions, such as hiring employees or taking on more office space. They'll look after the detail (payroll, employee tax management, property tax, utility payments and so on), leaving you free to look at the bigger picture of the way your business is growing.

If you run a very small business, you might be able to manage your bookkeeping with accounting software, saving yourself time and money by using free options. However, managing your own bookkeeping means you're in charge of keeping your finances in order, storing records and creating necessary statements.

Small business accounting typically involves three key reports: the balance sheet, income statement, and cash flow statement. Companies perform accounting tasks manually, with accounting software, or through professional accounting services.

The cost of bookkeeping services for a small business can vary depending on your location, but often ranges between $40 to $100 per hour.

8 bookkeeping tips for small businesses Keep records of every payment.Choose an accounting method.Be strict with deadlines.Keep track of expenses.File bank statements and invoices in order.Choose suitable software.Produce monthly reports.Know when to outsource your bookkeeping.

Bookkeeping is something that you either have to learn or outsource when you're running a business. Luckily, it's possible to learn how to manage your own books and there are a few notable benefits to tackling it yourself.

Anyone who is thinking of becoming a self-employed accountant should keep a few points in mind as they work on developing a professional reputation. Self-employment offers many benefits, such as professional freedom, personal autonomy, scheduling flexibility and direct payments from clients.

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