Smart Entrepreneurs Do These 4 Accounting Steps
Unless you're an accountant, the word accounting probably strikes fear in your heart, or a little bit of nervousness, at least. For aspiring entrepreneurs, the feeling is probably amplified. After all, poor bookkeeping from the start not only can set a project back in the short term, it can really come back to bite you over the long haul. Even entrepreneurs get audited, you know.
That said, it is possible to avoid the anger of the IRS. Here are four accounting tips for starting a business
1) Start off on the right foot.
In the same way that you go through your email every morning, or in the same way that you do an inventory review each week, make your business accounting a habit. Set a recurring alarm on your calendar: "Review books!" The frequency is up to you, but you should carve out some accounting time at least once a month, if not more...