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    Have been in the bookkeeping industry since 2004, this has been the primary issue concerning all medium and small business firms around the world. It is highly expensive to hire a trust worthy accountant exclusively for yourself, so try outsourcing your accounting, bookkeeping and payroll management to a highly reputed Accounting firm.

    I would recommend you to check out for smartfin.biz who are a team of 20 Certified Bookkeeping experts and highly experienced CPAs working together towards achieving the target set by their clients. The cost also seems very nominal for handling your full time accounting.


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    I think an expert should advice you on how to go about it. An accountant can surely help!


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    Its always have a good project management workshop which has monthly expenses and liabilities details with an audit report.


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    [QUOTE=pandandesign;2811]My dad owns a restaurant, and I help him since he's started his business. I don't mind helping my parents because family is important and it's part of my business too. Owning a business isn't easy and can be quite expensive than working for someone else because the more people he's hired, the more he's going to pay because there are insurance and employment benefits and etc. How do you keep up all the expenses in a business because there are a lot of bills to pay in order to keep the business going. I want to know how do you keep up all the expenses when the business isn't doing well? Do you usually have a plan to limit the spending or something?,
    My dad owns a restaurant, and I help him since he's started his business. I don't mind helping my parents because family is important and it's part of my business too. Owning a business isn't easy and can be quite expensive than working for someone else because the more people he's hired, the more he's going to pay because there are insurance and employment benefits and etc. How do you keep up all the expenses in a business because there are a lot of bills to pay in order to keep the business going. I want to know how do you keep up all the expenses when the business isn't doing well? https://tgw.onl/hostgator/ , https://tgw.onl/dreamhost/ , https://tgw.onl/bluehost/


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    Last edited by sparo1; 12-06-2018 at 04:20 AM.
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    #45
    Join Date
    Jul 2017
    Location
    26000 Springbrook Ave. #201 Santa Clarita, Ca 91380
    Posts
    72
    Focus on the immediate needs alone then worry on the other stuff later once the priority has been settled.


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    Hi! Business consultant here. There are a number of things you can do to help your father's company. QUESTION #1: To keep up with business expenses, I recommend using QuickBooks or similar software and be diligent re: entering all expenses as well as income. In addition you must enter in all the bills to be paid. IF YOU USE THIS SOFTWARE CORRECTLY, you can set reminders to pay bills, pay employees, etc. QUESTION #2 - when the business is not doing well, you need to begin cutting costs. This is where I recommend you begin analyzing your P&L to see exactly where your biggest expenses are and adjust your spending accordingly. QUESTION #3: In any business, I recommend having a budget. If you adhere to the established budget, this should help you control spending. QUESTION #4: Entering the expenses into QuickBooks will allow you to keep up with expenses when the business is not doing well. I recommend printing an Expense report to review all the bills and determine which bills are past due and which ones need to be paid to keep the doors open, establishing and/or adjusting budgets accordingly and do some marketing to get folks into your restaurant. Hope the information helps - Nina


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    It seems to be really difficult for you to keep up expenses. To be honest I am not a great specialist in it. But I am making some progress in my business now. Once I took Bad Credit Loans and it completely changed my life. May be you should do something like this


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    Step 1: Create a Budget. You won't be able to track expenses without one.
    Step 2: Record Your Expenses. Every day.
    Step 3: Watch Those Amounts. Tracking your expenses can help make sure you don't overspend in any area.
    Pencil and Paper.
    Envelope System.
    Computer Spreadsheets.
    Budgeting Apps.


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    Step 1: Create a Budget. You won't be able to track expenses without one. ...
    Step 2: Record Your Expenses. Every day. ...
    Step 3: Watch Those Amounts. Tracking your expenses can help make sure you don't overspend in any area. ...
    Pencil and Paper. ...
    Envelope System. ...
    Computer Spreadsheets. ...
    Budgeting Apps.


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    Last edited by asif bams; 12-27-2018 at 02:46 AM.
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    https://www.americanexpress.com/en-u...ness-expenses/DafontMapQuestFileHippo it might help you as well, these apps are gonna help you to track your expenses
    regars


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    Last edited by arso96; 12-28-2018 at 01:21 PM.
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