You’ve got your business name. You’ve got your federal and state ID numbers. You’re raring and ready to finally get going on this small business thing. Now what?
HIT THE PAUSE BUTTON!
At this point in the game, it’s way too easy to get caught up in the momentum and jump headfirst into the big, wide world of day-to-day ownership. This pivotal moment is prime time for business owners to start flying by the seat of their pants.
But hold up! In reality, the time is actually ripe for some major organization and planning. And while gauging the water sounds way less exciting than diving in all at once, hear us out.
Now is the time to get the nitty-gritty details worked out: management, equipment, and, most importantly in the eyes of accountants, finances. It’s time to get organized and start asking yourself some serious questions about your business accounting:
How are you going to handle paying your employees? How are you going to keep track of your costs? Your revenue? What happens if you buy something for the business with your personal money? What about customers who want to pay electronically? Are you going to do web sales?
And what those questions really come down to is asking what of this will you be able to handle yourself, and what do you need help with?
There are a thousand things small business owners are expected to do.
Performing the job is important, but keeping yourself paid and your bills paid is the next step. If you can’t collect from your customers, you can’t stay in business!
Figuring out how to do that is one of the biggest pluses to getting help with your business accounting at the early stages.
Bringing in an outside expert is a great way for business owners to organize their thoughts: We help you create a step-by-step to do list to figure out what you need to do next.
Let’s work together to figure out what you can handle, what your accountants can handle, and how to get reliable systems in place to keep your business on-track for future growth.
If you're ready to talk about getting help with your small business accounting and taxes, we're here for you. Schedule a free, no-obligation consultation with us today and together we can figure out what's best for your business.