As the New Year rapidly approaches (or fades away as a distance memory as the case may be), a nagging thought strikes: How will you ensure that your financial New Year's resolutions come true? If this is the year you intend to get your business's accounts in order, the following accounting supplies can help.
. Invoicing and Accounting Software - Are you still using Microsoft Excel spreadsheets to send invoices to clients? Invest in accounting software such as QuickBooks, print checks from the software, and send professional invoices to clients while also keeping all of your books in order.
. Security Checks - One of the most important accounting supplies you can buy this year is security check stock. Depending on whether you use QuickBooks to print checks or specialized check writing software, you can order either blank or preprinted security checks with advanced security features to prevent check fraud.
. High Quality Ledger - One of the most basic accounting supplies of all, ledgers are used to keep track of income and expenses. Because it will be used regularly, invest in a high quality ledger, ledger paper, and pen. Keep your ledger stored in a secure but readily accessible location.
. Tax Planning Calendar - Contrary to popular opinion, April 15th is not the only tax day of the year. Business taxes, payroll taxes, sales taxes, and other tax obligations take place throughout the year. Use a tax planning calendar to keep track of all of your tax requirements. Doing so can prevent last minute scrambling and penalties.
. A Data Backup Strategy - From traditional tape backups to secure online storage, backing up your data is essential. When investigating backup options, keep in mind that your backup is only helpful if it occurs regularly and reliably. Online backups have an advantage in that should your building and computer equipment (and physical backups) get damaged or destroyed, your data is safe and sound.
. Budgeting and Business Planning Tools - Budgets and business plans are just as important to small businesses as they are to large corporations. Free and commercial budget and business planning tools are readily available.
. Contracts and Debt Collection Templates - Many problems can be avoided through prompt communications. At the beginning of a business relationship, put it writing by using basic contracts. From there, use letters at the earliest signs of delinquencies to remind customers of their obligations. Use templates and forms to get started.
. Time Management Tools - Whether you're a small business owner or an accountant, managing your time is essential in both being productive as well as in maintaining a healthy balance. Take a time management course, read a time management book, or invest in a daily planner that is easy to use. Time management apps are also available that can keep track of appointments as well as alert you whenever it's time to switch gears.
These accounting supplies can help you strengthen your business in several ways. From getting your books in order and printing high security checks from QuickBooks to planning taxes, budgeting, collecting debt, and managing time, you'll be well on your way to accomplishing your business's financial New Year's resolutions.
Corey Rogan is an expert in the IT industry and works as a consultant for many small accounting firms. He helps clients seek a reliable accounting software and most of his clients highly recommends Troy Group accountant supplies. For more information or questions, feel free to connect with him over at Google+.