07 Jul '12, 2am

Bookkeeping tips for lean startups (Part 1 of 2)

Bookkeeping tips for lean startups (Part 1 of 2) By Guest | July 7, 2012 | Hong Kong Tweet Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic. Powered by WP Greet Box A first of two parts, this series provides bookkeeping techniques for entrepreneurs looking to adopt a lean startup approach. The accounting industry thrives on entrepreneurs who are not diligent in filing and bookkeeping. Therefore, here are four easy things you can do to cut your year-end bookkeeping bill by 30 percent in your first year of business. 1. Open a corporate bank account Do yourself and your company a favour. If you have not set up a corporate bank account, do so tomorrow. Open the account, and deposit 10 grand. Say goodbye to it – it now belongs to the company. Draw down only from this account so you can visually track expenditure every month...

Full article: http://e27.sg/2012/07/07/bookkeeping-tips-for-lean-startu...

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