Godley Bookkeeping, LLC

01/10/2024

Let Godley Bookkeeping help keep your passion alive this year!!

12/01/2023

The end of the year is fast approaching. Be prepared by:

1) Review payroll-related information
2) Make sure you have all W-9 forms for all subcontractors
3) Take inventory (if necessary)
4) Make sure all expenses have been recorded
5) Reconcile all accounts (bank and credit cards)

Please reach out if Godley Bookkeeping can help in these areas.

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09/18/2023

If you’ve ever felt like this, let Godley Bookkeeping help sort it out. 😌

09/02/2023

Have a great weekend!!

08/23/2023

A little mid-week humor. 🙂 Happy humpday!

07/19/2023

07/19/2023

Track Cash Payments

Any cash received by the business needs to go into the business bank account before spending it – even on business products. It’s tempting to take the cash immediately to purchase supplies, but this can easily mess up your bookkeeping system.

When recording cash payments, remember to make a note of which customer paid, so you don’t chase them up again later. If you’re unsure how to manage the details of a cash payment on your accounting software, speak to your bookkeeper who can help you set it up and use it correctly.

07/03/2023

PAY YOURSELF

Paying yourself a salary reinforces the notion that your business is a separate entity and reduces the need for you to violate tip number one by having your business pay your personal expenses directly. Instead of numerous transactions during the month where the business pays an expense on your behalf, have the business write you one check per month that you deposit into a separate account used to pay your personal expenses.