Installation of Accounting Systems
1. Set up a simple accounting system. In the beginning, you just need a simple, low-cost accrual-based accounting structure. There are many light-weight options available, such as Mint or InDinero. While these aren’t true “accounting systems,” they are great for tracking expenses. More substantial are low-cost, easy-to-use systems such as Quickbooks, which 80% of our clients use. There are also high-end options available, of course. While these are great in many ways, honestly they are just too much effort and cost for an early-stage startup.