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Salt Lake City Bookkeeping Blog

Personal Bookkeeping: An Insider's Guide

Posted by Joe Mazur on Apr 7, 2012 9:25:00 AM

If you're running your own business, you should have an organized way of keeping track of your income and expenses.  So, let's talk about personal bookkeeping from an  insider's view.  More and more people are starting their own businesses and simply can't afford to hire an accountant, so they are deciding to do their own bookkeeping.  There are a number of financial software programs on the market that are geared towards this niche market of individuals and are user friendly.

How can personal bookkeeping help you?  Doing your own bookkeeping affords you the opportunity to have first hand knowledge as to what is going on with your financial affairs, whether this be of a personal nature, or of a business nature. Some ways that personal bookkeeping can help you are as follows:
  • Saves you money;
  • Easily keeps track of your income and expenses;
  • Customizes various types of financial reports;
  • Keeps track of the financial health of your business or personal matters; 
  • Allows you to access your personal or business financial information easily; and
  • Makes tax preparation easier
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Topics: Personal Bookkeeping, QuickBooks, QuickBooks consulting, Business Bookkeeping, QuickBooks advice, Current Quickbooks editions