5 Tips To Get Your Manufacturing Business’s Accounting In Order

GET YOUR MANUFACTURING BUSINESS’S ACCOUNTING IN ORDER

5 TIPS TO

TIP #1

To keep track of all deductible

expenses and save you hours

of work and re-work in the

future.

SEPARATE OUT YOUR BANK ACCOUNTS

Categorise every expense and track your cash

flow to help in saving and prioritizing spends

TRACK EVERY EXPENSE

TIP #2

Regularly go through and update

your company’s books of accounts

UPDATE YOUR BOOKS

TIP #3

TIP #4

Make it a point to write down

or keep a track of every penny

spent on factory floor wages or

paid towards such costs

ACCOUNT FOR LABOUR COSTS

TIP #5

Maintain proper records of

payment due to you, invoices

or receivables

MAKE SURE YOU GET PAID

If all else fails or if you find accounting too

daunting, hire a professional accountant!

THE MONEY YOU SPEND TODAY WILL SAVE YOU SO MUCH MORE TOMORROW!

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