You want to be successful? 
Would you like to change your life?
Start with yourself.
There are many principles which lead to success and happiness. 
Evaluate the following.
​Which ones do you need to work on?

• Vision
• Work
• Persistence
• Accountability
• Time Management
• Commitment​

One afternoon during a busy tax season the receptionist buzzed me and told me my next appointment was here.  I walked into the lobby to greet them and had to hold my breath to keep from laughing.  You always hear about the shoe box full of receipts someone brings into the accountant to prepare their taxes.  On this day it was not a shoe box but an actual wooden dresser drawer full of receipts.

Want to have less stress and a happier life?  Good bookkeeping can go a long way toward reducing your anxiety over financial matters.  You may not always be pleased with the results, but you will be able to make decisions based on the information, and dresser drawers are difficult to carry in your pocket.

Here are five bookkeeping tips to help you get started.

• Do it!  
  

This is the most important tip in bookkeeping and in life for that matter.  If we never start the process we will never realize the benefits.  Jennifer Kunst, Ph.D, wrote an interesting article on this subject:

Being successful is difficult and takes courage to change.  Many people desire to be financially free but are unwilling to do the work which is required.   You must be consistent in the effort put forward and be aware what needs to be done.  Start now, do not procrastinate.

• Use a budget
  

Budgets are amazing.  If used correctly your budget will help you make money.  They will help you evaluate your current spending, help you set goals for your future and help you track where your money will be spent.  At the beginning of the year complete a simple budget for each month.  Each month compare your actual results with your budget numbers.  If problems appear they say, “fix me.”  You are able to take action and correct immediately.    Each month as you adjust your spending to optimize your results with the budget you will spend less and will increase your bottom line.

• Know your cash balance
  

This may seem obvious but do you know what your cash balance is?   Check your cash balance everyday and know what transactions have not cleared the bank.  Do your bank reconciliation every month.  On the first day of a job I was asked to get the bank reconciliations caught up, they had not been done for over a year.  I spent weeks working on them and in the end had to make some sizeable “adjustments” in order to balance.  This company struggled with cash flow and one of the reasons was they did not know their actual cash balance.  You must know your cash position and manage it accordingly.

• Get help
  

Guess what?  Your spouse does not want to keep the books.  I know it is hard to believe. Too many spouses do it and in most cases it does not work.  Do not wait until your tax return is due and ask your tax preparer to clean up the mess.  Get someone involved on a daily, weekly or at least monthly basis.  Ask your tax preparer if they would recommend someone or ask other business owners for suggestions.  A qualified bookkeeper will make your life easier which will make everyone happy. Once you have someone helping with the books ask questions and expect answers you understand.  It is your responsibility to make sure the bookkeeping is in order.  Do not assume. If you do not know, ask.

You have a fantastic idea for a business, but where should you open the doors?  With online access you may think the business can be anywhere.  The internet has definitely broadened the market of all businesses, however, customers still value personal interaction and want to know the person behind the product.  Think carefully where to open your doors.  Remember the old adage location, location, location.