22 Aug '11, 4am

Blackbelt bookkeeping techniques for startup companies (Part 1)

Blackbelt bookkeeping techniques for startup companies (Part 1)

Blackbelt bookkeeping techniques for startup companies (Part 1) August 22, 2011 by Guest Contributor 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 first of a two-part series 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. 1) Handle paper once Buy yourself an expanding plastic folder, the concertina type, and keep it within arms reach. Label each of the tabs to cover all instances of paperwork. These include supplier quotes, supplier invoices, client quotes, client invoices, expenses, government documents and bank statements. Open your mail weekl...

Full article: http://sgentrepreneurs.com/featured/2011/08/22/blackbelt-...

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