How to do Accounting for a Small Business?
Starting and running a small business can be an incredibly fulfilling journey, but managing finances is one of the most crucial, ongoing tasks to ensure long-term success. Proper accounting helps you understand your business’s financial health, allows you to make informed decisions, and ensures you meet tax obligations.
Here’s a step-by-step guide on how small businesses can set up and maintain effective accounting systems.
1. Separate Personal and Business Finances
- Set up a dedicated business bank account and credit card.
