Summer Bookkeeping Tips: What to do with downtime?

You’ve heard of Spring Cleaning... get ready for Summer Strategizing!

Use downtime effectively – audit your books  

• Review times when revenue and expenses increased or decreased.  

• Audit discrepancies  

• Create budgets for everything from equipment to meals  

• Begin organizing receipts for tax time  

Perform Office Inventory  

• Take physical inventory of equipment and supplies in your office  

• Sell anything that you no longer need or donate to charity. 

Shop around – research potential cost savings  

• Look for new business insurance  

• Research new equipment for your business  

• Restock on supplies that are on sale this time of year  

Invest in sweat equity – does your business need a touch-up?  

• Take some time to upgrade your physical or digital space, such as a new coat of paint or a digital banner.  

Audit your marketing 

• Which of your previous marketing plans were successful?  

• Do you feel the return was worth the cost? 

Summer is a great time to review, refresh, and plan for your business’s success. From auditing your books to updating your marketing or office space, every step can make a difference. If you need help implementing any of these tips, contact us today. We’re ready to support you and help your business thrive!