bookkeeping

For any contractor who is considering starting their own business, setting up a bookkeeping system is vital. Managing income, expenses, and taxes are mandatory. If you have employees, their hours and paychecks, along with client invoicing, are at the core of your business. Bookkeeping Tips Tracking expenses and income The first bookkeeping step is to track income and expenses. For a small contractor, it may be as simple as keeping receipts in a file folder. However, an actual tracking system will make things easier and more efficient. A basic setup should include categories for accounts payable, accounts receivable, and job

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