Most small business owners I meet are not happy with their bookkeeping.  They may feel like it is OK or they may feel it is a pain, but rarely are they thrilled with bookkeeping.  Even when they have a great person in house doing the books, talk to them when that person submits a 2 week notice and you will find a very panicked business owner.

So what is the best small business bookkeeping strategy?

While one size does not fit all businesses, here are some tips to consider.

1. Outsource bookkeeping to a company with multiple employees and a system in place to handle your needs, even if someone leaves.
2. Use Quickbooks, do not go for cheaper bookkeeping software, because ultimately most book keepers and accountants are used to Quickbooks and it will save you money.
3. Keep your books up to date and document everything.  Playing catch up with your books is more difficult.
4. Record checks as you write them.
5. Review your business books at least once a month.
6. Periodically verify that taxes and bills are being paid if you are outsourcing the payments.
7. Work with a Quickbooks Pro that knows how to get the most out of the business accounting software.