Business Bookkeeping during the pandemic
With the changes that we’ve all been through in the past year of pandemic living, it’s apparent that how we did business changed dramatically in 2020. As you look at your bookkeeping as a business owner in 2021, you need to keep these changes in mind when preparing your business records for taxes, loans, and other processes in the coming year.
At Halsey Resources, we have a few pandemic bookkeeping tips to share. Here are a few things that might need to be implemented in your bookkeeping system because of the COVID-19 pandemic in 2021:
- Keep it local: While you might be tempted to move to a totally online big box service for bookkeeping, but keep in mind that smaller bookkeeping companies like Halsey Resources have adapted to the new work from home and online environments. When you keep that local company as your provider, you are getting personalized services you might not otherwise receive if you go directly to a large online bookkeeping service.
- Embrace cloud-based software: Remote work may be here to stay for much of 2021 and if you haven’t yet embraced online software for your bookkeeping, now is the time. This also means that a bookkeeping company like Halsey Resources has easy access to your data when you need us to access it.
- Set up regular online meetings to review your books: Just because you can’t meet in person, doesn’t mean you can’t meet. At Halsey Resources, we recommend regular bookkeeping check-ins to keep the communication flowing.
- Focus on your PPP recordkeeping: Maintaining proper PPP recordkeeping is so important during these trying times. 2021 is going to bring more Federal/State programs and more reason to keep accurate and up to date records for your business.
- Master your cash flow: Staying on top of your books can help you predict future income and expenses. You don’t have to feel as much stress in trying times if you know where your money is going and when it’s coming in.
Professional bookkeeping can ease your mind in troubled times.
This pandemic has brought a lot of stress on all of us. Parents are working from home while kids are homeschooled. Businesses have had to adapt and in some cases, reinvent themselves. While the future promises more vaccinations and a possible return to something more close to normal, it’s going to be quite some time before we feel like we are enjoying life as we knew it before COVID-19 arrived in our communities.
You can take some of that stress away by hiring Halsey Resources to help you navigate the more complicated bookkeeping processes of running a business during a pandemic.
At Halsey Resources, we specialize in remote quality bookkeeping services from our location in West Seattle. We can give your company the ongoing support needed during this new pandemic reality we are living in.
We’d love to learn about your unique needs. Contact us today.
