Barrie Bookkeeping | Transfigures Bookkeeping

Running a small business is exciting, but let’s be real—bookkeeping isn’t always the most thrilling part. However, keeping your finances in order is crucial for growth, tax compliance, and stress-free financial management. If you’re tired of last-minute scrambling during tax season, these bookkeeping tips will keep your business on track and your sanity intact! 1. Separate Business and Personal Finances Mixing business and personal expenses is one of the biggest mistakes new business owners make. Open a dedicated business bank account and use a business credit card to keep transactions organized and avoid tax-time headaches. 2. Keep Track of Every Expense Don’t let small expenses slip through the cracks! Use bookkeeping software like QuickBooks, Xero, or Wave to log receipts and track spending in real-time. Even minor purchases can add up, affecting your bottom line. 3. Use Cloud Accounting Software Spreadsheets are great, but modern cloud-based tools offer real-time tracking, automati...