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10 Small Business bookkeeping tips

For many business owners, managing the finances is the hardest business process after getting the sales, but we believe that's not how it should be.



Here are some tips which might help in organizing your books as a startup:-

1) Always keep accurate records. 2) Keep all invoices as recipients. 3) Open a bank account and always reconcile with your records and invoices. 4) Separate business and personal expenses. 5) Consider hiring a professional Consultant even if temporary. 6) Automate accounting practice with an accounting software. 7) Create profit and loss statement. 8) Make a budget and plan for major expenses. 9) Register for VAT when possible and collect taxes at the time of sales. 10) Manage your cash flows.

For more information or free consultation please do not hesitate contact us.

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