24 Aug '11, 5am

Blackbelt bookkeeping techniques for startup companies (Part 2) - SGentrepreneurs (press release)

Blackbelt bookkeeping techniques for startup companies (Part 2) - SGentrepreneurs (press release)

Blackbelt bookkeeping techniques for startup companies (Part 2) August 24, 2011 by Terence LEE In a startup company, you are insanely busy. With so much going on, you can become blind to how you are spending company money. This is the second of a two-part series (read part one here ) on bookkeeping techniques that will start you off on becoming a black belt in managing money. Bookkeeping, very simply, is the recording of a company’s financial transactions, which include sales, purchases, income, and payments. Here are some tips on how to get it right the first time. 5) Manage small ticket expenses using cards. Card companies do the work for you by producing itemised statements that list the item purchased, date of the transaction and total amount spent. Use the credit cards to help you manage spend, but not as a means to spend more. Cabcharge is another indispensable card ...

Full article: http://sgentrepreneurs.com/dummys-guide/2011/08/24/blackb...

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