Archive for November, 2007

Bookkeeping

Even though I am always trying to keep my books in order, I have a really hard time doing so. I’ve even written an open source accounting package, PBooks, to help me, but its still hard to keep up.

I think a lot of small business owners attempt to do their books themselves, but end up rightly doing what they do best, running their business, instead of properly doing their books. I know that well because thats what I end up doing!

My goal is to get PBooks to the point where an average bookkeeper will be able to use it to balance books, and I’ll hire one to do our books for us using it. I guess that’s a goal for 2008!

Payroll

Small businesses might make the mistake of just paying cash to the owners as their salary or wages, but to comply with local and federal employment laws, you really need to deduct income, social security, and medicare taxes. This can be a complicated thing to do so for the price it is much easier to have a payroll company take care of it.

Small Business Information




Hello, this site is a compilation of information I’ve gathered and written while starting and building my own small business. I hope you find it helpful!