If you have just started a business, you must have control of your accounts as one of the first things.
It may seem difficult before you first get started properly. But then it usually also runs quite easily. The accounts can be a source of headaches for many start-ups. Because it is not always that it is your financial skills that are the whole reason why you have started a business. Perhaps you are good at designing smart IT solutions and advising customers on how they can ensure the best possible data security at work-not rules for VAT, deductions, invoicing and bookkeeping.
But the truth is that many people actually just have to get started with it, and then you have got off to a good start. Take into account that any beginning, of course, does not need to run like a clock in the finest oil. It’s all right that something feels difficult when you’re not used to it. Then it’s just about getting started and getting used to one of your new tasks.
Make it easier for yourself
One of the ways to make it all a little easier is with a good accounting program. The benefits are that it will be much faster for you to write invoices and send them to your customers. You can much easier keep an overview of all your income and expenses, you can continuously have an overview of the finances of your company, and then it will be much easier to make VAT accounting, keep track of tax, and what else belongs to the bookkeeping in your company.
Many people think that you can keep track of the bookkeeping in Excel, but it actually requires that you are quite sharp to accounts and structured around your bookkeeping. Therefore, it can be an advantage for many small and medium-sized companies to get hold of a cheap accounting program, where the structure is already set up and you can be more sure that you are doing your accounts right.
Consider an accountant
For many start-ups and especially in sole proprietorships, it can be an advantage to hire an accountant to review your accounts before reporting tax and VAT for the first time. Of course, the accountant costs money, and especially if there is low tide in the box, it is an expense many would like to save themselves.
But it can also quickly become an expense, which will save you a lot of money. The auditor is well aware of all the tax technical rules and can in many cases spot some possible deductions from your budget that you had not even caught sight of – and then you can actually end up saving money by hiring an accountant. The other advantage is that it can give you an assurance that you have filled the accounts correctly.
Getting started with your start-up company’s accounting
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Written d. 17 sep 2021 – No comments