If you’ve been in business for any length of time, you may have heard about quarterly estimated tax payments, and maybe even thought to yourself, “What are quarterly estimated tax payments? And do I need to pay them?”
One of the best ways to protect yourself in the event of an audit is to save receipts & bills that show proof of what you’re spending money on.
A bookkeeping reconciliation, or reconciliation for short, simply means that you are comparing 2 sets of financial records to make sure that they match.
Keep reading to learn EXACTLY what (and when) you should be doing certain bookkeeping tasks to stay on top of it all!
