13 Best Small Business Bookkeeping

List Updated June 2020

Bestselling Small Business Bookkeeping in 2020


Accounting for Small Business Owners

Accounting for Small Business Owners
BESTSELLER NO. 1 in 2020

Small Time Operator: How to Start Your Own Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble

Small Time Operator: How to Start Your Own Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble
BESTSELLER NO. 2 in 2020
  • Taylor Trade Publishing

Bookkeeping All-In-One For Dummies

Bookkeeping All-In-One For Dummies
BESTSELLER NO. 3 in 2020
  • For Dummies

Adams Bookkeeping Record Book, Weekly Format, 8.5 x 11 Inches, White (AFR70)

Adams Bookkeeping Record Book, Weekly Format, 8.5 x 11 Inches, White (AFR70)
BESTSELLER NO. 4 in 2020
  • Allows you to track all aspects of your business
  • Track expenditures from payroll to revenue and income
  • Weekly version
  • Non-dated format allows you to start any time of the year
  • 8.5 x 11 inches

Bookkeeping: Small Business Bookkeeping, Accounting for Beginners (Bookkeeping, Accounting, Business, Taxes)

Bookkeeping: Small Business Bookkeeping, Accounting for Beginners (Bookkeeping, Accounting, Business, Taxes)
BESTSELLER NO. 5 in 2020

Keeping the Books: Basic Recordkeeping and Accounting for Small Business (Small Business Strategies Series)

Keeping the Books: Basic Recordkeeping and Accounting for Small Business (Small Business Strategies Series)
BESTSELLER NO. 6 in 2020
  • Out Of Your Mind And Into The Mark

Small Time Operator: How to Start Your Own Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble (Small Time Operator: How to Start Your ... Keep Yourbooks, Pay Your Taxes, & Stay Ou)

Small Time Operator: How to Start Your Own Business, Keep Your Books, Pay Your Taxes, and Stay Out of Trouble (Small Time Operator: How to Start Your ... Keep Yourbooks, Pay Your Taxes, & Stay Ou)
BESTSELLER NO. 7 in 2020

Taxes: For Small Businesses QuickStart Guide - Understanding Taxes For Your Sole Proprietorship, Startup, & LLC

Taxes: For Small Businesses QuickStart Guide - Understanding Taxes For Your Sole Proprietorship, Startup, & LLC
BESTSELLER NO. 8 in 2020

QuickBooks Small Business Bookkeeping and Accounting Guide: The Best QuickBooks Pocket Guide For Successful Small Businesses

QuickBooks Small Business Bookkeeping and Accounting Guide: The Best QuickBooks Pocket Guide For Successful Small Businesses
BESTSELLER NO. 9 in 2020

Adams Bookkeeping Record Book, Monthly Format, 8.5 x 11 Inches, White (AFR71)

Adams Bookkeeping Record Book, Monthly Format, 8.5 x 11 Inches, White (AFR71)
BESTSELLER NO. 10 in 2020
  • Allows you to track all aspects of your business
  • Track expenditures from payroll to revenue and income
  • Monthly version
  • Non-dated format allows you to start any time of the year
  • 8.5 x 11 inches

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine
BESTSELLER NO. 11 in 2020
  • PORTFOLIO

Bookkeeping For Dummies (For Dummies Series)

Bookkeeping For Dummies (For Dummies Series)
BESTSELLER NO. 12 in 2020

How to Open your own In-Home Bookkeeping Service 3rd Edition

How to Open your own In-Home Bookkeeping Service 3rd Edition
BESTSELLER NO. 13 in 2020
  • Used Book in Good Condition

Easy Bookkeeping Tips for Your Business

A few tips that will help you improve your record keeping.

The basic idea of bookkeeping is to monitor moneys coming in and out of your business. I'll walk you through a few steps that will considerably increase your productivity; try to avoid "double entries" and anything that involves cross-checking. I strongly recommend that you don't do this manually but rather using accounting software to minimize errors and keep a clean stream flow of your accounts. I've worked with several accounting programs and the one I like the most has to be Quickbooks by Intuit. Most software companies allow you to test drive their software, so I'd do this before committing to purchasing.

Invoices
Process all invoices at time of completion of any project. Usually your software will assign a unique invoice number to each entry you make. After you've completed an invoice, make sure it gets deliver to your customer via snail mail, email or fax. Mark the invoice as "sent" and keep a copy in a folder that you'll appropriately name "Accounts Receivable".

Receive Payments
When a payment comes in, pull out its respective invoice from the AR folder and mark it as "paid"; then move the invoice to a "Quarterly Sales" folder where you'll keep all the paid invoices for that given quarter. This is a helpful habit, because it will save you time when is time to tally all the money that came in at any given quarter of the fiscal year. Input the payment information into your software.

Paying your Vendors
Record each payment to your vendors by writing the amount paid, the check or cc number used to pay the invoice and the date paid on the invoice you received from your vendor. This will help you track any payments even without the use of software. It's better if you cut your checks with your accounting software, especially because this will record the check number and it will associate it to your vendor making vendor reports easy to create.

Spend at least 2 - 3 hours every day entering expenses and tracking invoices with your accounting software; try to avoid long sessions of data entry, because that increases your chances of having errors at the time of inputting the data.

The great thing about using accounting software is that you can automatically multi-task. If you have employees, the software will calculate employer taxes each month, making it easy to pay your state and federal employer taxes and employee deductions.
Also, you'll be able to produce accurate year end reports that will make your life (or your CPA's) easier comes April.

The most important tip I can give you in this article is: Keep your Receipts!

It doesn't matter if you went to the movies, paid parking, purchased something, filled your gas tank, etc.; receipts are the most important record keeping you can do for yourself.

Go to your local office supplies store and purchase an accordion-folder (those that have multiple compartments) and assign an account to each tab. For example: first tab will be gasoline, second tab will be office supplies, etc. and each night before you go to bed, place each receipt in the appropriate category inside the accordion. By the end of the year you'll save yourself a lot of headaches trying to scrape for all receipts.

Keeping good track of your business finances is easy, and with all the tools available on the market today, it's a breeze!

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