Business organization

Philosophy of a functional office

-an office has to have a place for everything so that anyone working with it can use the space efficiently.
-an office can not just be functional for the person who set it up. Each new business opportunity lends itself to adjusting the office setup.


Documents to keep important information at your fingertips.

Emergency bookkeeping help

If you are fighting a mess that has been ignored for far too long attack the piles with one simple sort to begin with.
-action

-items needing to be entered into accounting software or checkbook
-items that have been requested by other people (banks, lawyers, etc.),
-file
anthing that has already been acted upon
Trash
Sounds obvious but it needs to be taken care of.

Step 1: initially sort items into the 3 categories.
step 2: before you proceeding take out the trash.
Step 3: then you may only work with the action group until that pile is gone.
Step 4: file everything that is left.
Once you are done with this you can begin to get a system in place for what needs to be done on a daily basis.
Business organization
Daily and monthly routines for a smoothly run office (bookkeeping side of things).
-entering checks and deposits on a daily basis
-filing paperwork daily
-set a goal of what needs to happen from day to day.
-reconcile your bank account at least once a month.
Why?
This may catch errors, ommissions and theft.

 

Filing suggestions for the small business owner

Filing for a business needs to be simple enough that anyone can efficiently use the information without the aid of the person that set up the filing system. Here are some suggestions for major categories in your filing system.
-checking accounts
-saving accounts
-assets (a file for each major asset)
-loans (a file for each)
-payroll records
-accounts receivable
-accounts payable
-insurance
-other industry specific items.
Each type of company has specific needs in terms of filing.
Determine how you use your information so that you can determine how you will need to search for it.
Some businesses need to have a double filing system in order to make the office functional for all.
Example: insurance for vehicle #1
-in case of an accident with that vehicle you need to know what policy covers it.
- accounts payable needs to know the vender name and amount due.