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Accounting Setup for Startups

by on Aug 26, 2009

  • 4,502 views

Mike Zimmerman, CPA will guide you through the basics and also share information on accounting software that is easy to use for a new business. Your company’s books and financial statements ...

Mike Zimmerman, CPA will guide you through the basics and also share information on accounting software that is easy to use for a new business. Your company’s books and financial statements represent a score sheet which tells how you are progressing, as well as an early warning system which lets you know when and why the business may be going amiss. Financial statements and the underlying records will provide the basis for many decisions made by outsiders such as banks, landlords, potential investors, and trade creditors as well as taxing authorities and other governing bodies. The necessity for good, well-organized financial records cannot be over-emphasized. One of the greatest mistakes made by owners of small businesses is not keeping good financial records and making improper or poor business decisions based on inadequate information. An accounting or bookkeeping system is like any tool used in your business; it needs to be sophisticated enough to provide the information you need to run your business and simple enough for you to run it (or supervise the bookkeeper).

For Mike Zimmerman's Bio check out: http://incuba8.com/speaker-michael-zimmerman-principal-yeo-yeo-cpas-business-consultants/

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Accounting Setup for Startups Accounting Setup for Startups Document Transcript