I recently assisted a startup company in establishing their accounting system, ensuring a solid financial foundation from day one.
Tasks Performed:
Assisted in choosing and setting up cloud-based accounting software (QuickBooks/Xero)
Created a customized chart of accounts tailored to the business’s needs
Implemented bookkeeping processes for tracking income, expenses, and cash flow
Established payroll systems and accounts payable/receivable management
Set up bank and credit card reconciliations for accurate financial tracking
Provided training to the startup team on how to maintain their financial records
Developed budgeting and forecasting tools for better financial planning
Ensured compliance with tax regulations and set up tax accounts for easy filing
By setting up a streamlined accounting system, the startup was able to focus on growing their business while having complete visibility over their finances.
