The Benefits Of Using A High Quality Business Checkbook Register
As a small business owner, I can’t stress the importance of having a high quality checkbook register to go along with your checking account. Each time you write a check, if you record not only the amount of the check, but also what it was used for, it can make it very easy to go through your records at tax time.
There are countless different deductions that you may qualify for as a business owner. By keeping an accurate record of all of your expenses, your accountant can help spot these deductions, saving you money when it comes time to pay your taxes.
Although the bank where I get my checks did give me a register to go along with them, I found that it was far too small for my needs. There was not room on the lines to make any detailed notes.
I wound up buying a much larger business checkbook register online that I keep at my desk. Each time I write a check, I simply record what the payment was for, along with any notes that may help make things clearer for my accountant.
Since I started doing this, I have seen a significant reduction in my taxes. This is largely due to the fact that my notes help my accountant find me additional deductions.