Starting your own business is an amazing thing to do but it is also notoriously risky. There is a lot to think about when you first start out on your own and it can be tempting to put accounting on the back burner, but that would be a huge mistake. Good accounting is crucial to the financial health of your business and mistakes can be devastating, especially in the early days. It is important to know which mistakes to avoid, ensuring that your small business is around for years to come.
Your invoice is key to getting paid promptly & keeping an ongoing relationship with your clients. Even simple things can make a huge difference, whilst there are things you must include on your invoice, there are other things you can do that will make a difference
It’s really exciting starting your own business, we were there not so long ago. It’s a new beginning, everything is nice and shiny and you want the best for your new business baby.
It's easy to do – “oh I`ll just pop it on the business card” but getting into the mindset of business money and personal money will pay dividends later.
6 Essential Accounting Terms for Small Businesses
Outsourcing your accounts is a great idea, but you still need to understand the reports we send (even though we try and keep it simple with the jargon).
Start right now, with this list of 6 essential accounting terms for small business owners.