ACCOUNTING SYSTEM SET UP
An accounting system for a new business should function as the foundation of a system that the business will use in future years. It should track expenses and income based on categories that will continue to be relevant as the company evolves and grows. In addition, a startup company's accounting system should incorporate an approach to startup expenses, such as costs incurred before the business starts earning money and large capital investments that will need to be depreciated over the course of years.
There are many decisions that need to be made during the accounting system set-up process. GMG CPA's work with you to set up a system that works for you and for your business. We help you develop mechanisms for tracking what is important to you, your business and state and local entities. Having a professional assist you allows you to do what you do best: run your business.