Bookkeeping

Accounting and bookkeeping are different jobs.

If you are prefunding and keeping super lean, you are typically the bookkeeper, CFO, CEO and all of it rolled into one. Once you have some cash to invest here we recommend setting up with an outsourced provider for your monthly reporting.

What is bookkeeping

Bookkeeping is the creation of an accurate record of all your financial activity. Entering all financials into the software you decide to use helps avoid any personal and business integration, prevents errors, and organizes everything for your tax reporting, investor due diligence and to manage cash burn.

When to bookkeep

The sooner you start keeping your books, the less headaches you'll have with your accounting process. Having software decreases your workload and simplifies any financial planning and analysis you want to do with the numbers.

Start bookkeeping as soon as you begin issuing payroll, dealing with expenses and/or generating revenue. Do not let this get out of hand. We fully suggest outsourcing as much of the bookkeeping job as you can. It is not a value add and tends to add back office bloat. If you set up the right stack of tools most everything we flow seamlessly and you will only have to answer a few questions each month to complete the books.

⁠

👉 Next up:
`Payroll/HRIS`⁠
section!

⁠

What is bookkeeping

When to bookkeep

👉 Next up: Payroll/HRIS section!

Want to print your doc?
This is not the way.

Try clicking the ⋯ next to your doc name or using a keyboard shortcut (

CtrlP

) instead.

Bookkeeping

What is bookkeeping

When to bookkeep

👉 Next up: Payroll/HRIS⁠ section!

👉 Next up:
`Payroll/HRIS`⁠
section!