Don’t Confuse Business Models, Financial Reporting, and Accounting
January 22, 2013.
January 22, 2013.
Yesterday I spent some time helping an entrepreneur create tax return info from a year’s worth of bank statements just in time for the October 15 extension deadline. (This was a special situation and not part of my routine; I have a long-term trusted bookkeeper that is very good at this, but there wasn’t enough time to round her up.) I hope my suggestion in this particular case that most businesses actually keep books as the year goes along will be taken to heart.