Now that we've covered expense tracking and payroll, the next step is to set up an accounting system for accurate tracking and financial planning. Believe me, a little work up front will save you headaches in the end. Are you ready for an accounting system?
At Kruze Consulting we recommend QBO or Xero. We really like QBO because of reliability, upgrade options and excellent customer service. However, Xero will work while you're a Seed Stage company. You should plan to update financials weekly, or at least monthly, and look for trends that you can use in financial planning.
When it comes to your startups' accounting system, let software do the heavy lifting and consult with a CPA to ensure that everything is running smoothly.
Vanessa Kruze, CPA
Founder & CEO, Kruze Consulting
|Senior Staff Accountant||$110|
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