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Stop paying that accountant thousands! Rather use these five steps to do it yourself

by , 22 July 2014
How much does your accountant cost your company? R20 000 a month? R30 000 a month? Maybe more?

The truth is you're losing a huge chunk of your company's bottom line every month just to pay that accountant.

Well, I have one thing to say to you: STOP!

You may as well be burning your company's money! Especially since you can easily become your own accountant. All you need to do is take these easy steps to do it yourself...

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Here's how to analyse financial statements, identify errors with checklists, step-by-step instructions & examples

You can be your company's accountant by taking these five steps

If you think it's too difficult to control your company's financial management if you don't have an accounting degree, you're wrong.
It's actually easy to manage your company's finances and create clear accounting records if you follow the right steps.
So do your company's accounting with these steps:
Step #1: Create a list of all the books you need to keep and the information that you must put in them
To ensure you don't confuse any of your accounting records, keep a clear list that'll help you remember what goes where.
Step #2: Write down all of your expenses and regular income
To ensure you don't forget anything in your bookkeeping, write it all down and refer to it when you update your company's books. 
Step #3: Choose a way to keep your company's books
There are lots of accounting programmes you can use and of course there's the old fashioned paper and pen method. Excel is one of the simplest programmes and our Practical Guide to Excel will help you master it quickly. 
Step #4: Fill in your books regularly
It's easy to lose track of your books if you don't update them regularly. Check them once a week and add any new expenses or income as soon as they happen. 
Step #5: Keep all of your records safe so you can find them when you need them
All of your company's invoices, receipts and accounting records are important and you must hold onto them. This way you can check any income or expenses again later in your financial reports.
If you need any help, just open your Digital Practical Accountancy Handbook to easily find the answer you need. 

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