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Accounting Tips for Small Business Success – February 2023

As a small business, staying on top of your accounting can make or break your success. We’ve compiled proven accounting tips to help you stay ahead of the game. 

February 9, 2023  |  By Expert Accounting

Tip of the Month for February:

Keep accurate and detailed records of all financial transactions, including income and expenses.  

One of the most important things that small business owners can do to stay on top of their finances is to keep accurate and detailed records of all financial transactions. 

This includes not just income, but also expenses. By keeping track of every penny that comes in and goes out of your business, you’ll be able to get a clear picture of your business’s financial health and make informed decisions about how to manage your money.  

To make record keeping as easy as possible, it’s a good idea to use an accounting software. This can automate many of the tasks involved in bookkeeping, such as entering transactions and generating financial statements. It also allows you to easily access and analyze your financial data, which can help you identify trends and make better decisions.  

Overall, keeping accurate and detailed records of all financial transactions is a crucial step in managing your business’s finances effectively. It allows you to track your financial progress, stay compliant with tax laws and identify areas for improvement in your business.  

Want to learn more?
Get your FREE Business Fitness Assessment with Expert Accounting today! 

For more information:

Jason Good – Manager, Expert Accounting
1 (866) 956-5328 

Ron Muller – General Manager, Expert Accounting
1 (778) 477-0040 

Sign up with Expert Accounting before March 31st and your first month is free*.

IN ADDITION: attend the PLUG IN AGM & Summit in Las Vegas (March 19-22) and receive an additional $500 off your second month! 

*Offer for new Expert Accounting clients only.


Up Next in February POWER Newsletter: Appliance Industry Update