xendoo
MARCH 16, 2022
As any established business owner will tell you, you need to treat your business as a separate entity to yourself. This means separating your business and personal finances. In fact, it is a legal requirement of LLCs and corporations to manage their business incomes in separate bank accounts.
Accounting Seed
JULY 21, 2022
To help, we’ve put together this list of key accounting advice for startups, including the pitfalls to watch out for and best practices for clean, efficient accounting workflows. Let’s get you “in the green” with this quick, info-packed startup accounting guide. Accrual Accounting for Startups. The answer?
xendoo
JUNE 25, 2021
Cash basis accounting is often preferred by small businesses because it’s easier to maintain, and it tells you how much money you actually have in the bank on any given day. Accrual accounting also allows you to better your long-term plan, which is helpful if you are thinking about expanding your business.
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