A quick recap of our CEO Nibhrant Shah's talk in the 1st edition of Special Startup Saturday, Mumbai in January 2013. For more info - write to nibhrant.shah@themisaccounting.com

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Accounting for Start-ups
A Health Report
1

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ᶱ Your company’s Health
ᶱ Checks and Balances
Why?
ᶱ Guide your future plans
ᶱ Keep the Government off your back

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ᶱ Book-keeping
ᶱ Balance Sheet
ᶱ P&L Statement
ᶱ Cash flow
What?
ᶱ Taxation
ᶱ Direct
ᶱ Indirect
ᶱ Intelligence (MIS reports, Analytics etc.)
ᶱ Systems and Processes

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ᶱ Revenues xx
ᶱ COGS (xx)
ᶱ Op Exp (xx)
ᶱ EBITDA xx
P&L
Statement ᶱ Dep/Amrt (xx)
ᶱ Interest (xx)
ᶱ PBT xx
ᶱ Tax (xx)
ᶱ PAT xx

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ᶱ Retain ALL bills
ᶱ Retain ALL invoices
ᶱ Maintain vouchers for all cash transactions
Tips ᶱ Differentiate between personal and business
ᶱ Mark your credit card statements
ᶱ Write details in your chequebook
ᶱ Use Excel
ᶱ Track receivables and payables…Cash is KING!

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ᶱ Better knowledge of business
ᶱ Clarity on future plans
How
Accounting ᶱ Less likely to need in-depth due diligence
helps Fund-
raising ᶱ Checks and balances
ᶱ Professional!

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Macro
environmental
factors
Market factors
Micro Market size, size of market segment, (relative) market share,
environmental market growth rate, calculability, product life cycle
Features of the
country (on the factors
basis of the Factors in stong connection with the company
PEST analysis): Human resource –
Creating value of organisation:
Political stability,
functional area: Professionalism, Intellectual
risk of country,
Systems and Processes, capital, culture, knowledge,
regional position,
Trademarks, brand names, motivation,
technological Value of
patents, certificates, Value of encouragement, Team-
development,
commitment for the the
the working, creativity of
standard,
economic situation,
quality, developed channel company
company organisation, key person,
of distribution, special experience
cultural
manufacturing processes,
environment, state
available production
of development of
factors, and its price,
capital market, Loyalty of
business secrets
macroeconomic employees
forecasts,
macroeconomic
trends, legal Factors in connection with the industry Business
environment branch: relationships: Loyalty of
Life cycle, outlooks, chances, opportunities, driving Customer and buyer customers and
forces, core competences, results factors, attractive relationship, relation investors
force of branch of industry, restrictions to enter into with partners and
the market, competition in the branch, connection authorities
between sales and welfare
Reference: UMISCKOLC

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ᶱ Nibhrant Shah, CEO
ᶱ +91 - 9320210672
ᶱ www.themisconsult.com
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