Accounting for Start-Ups

When starting a business there is an endless list of things to do, but making sure your accounts are up to scratch from the outset is one ‘to do’ that every entrepreneur should make a priority.

For many start-up businesses account management can seem like a daunting and confusing process, however, with the right advice you can ensure your books are balanced and give your new venture the best possible chances of success, whatever market you are looking to target with your product or service. Here at Hurren, we specialise in helping businesses at all stages of development and this post should put you on the track to professionally managed accounts that grow as your company grows.

Get organised

The key to managing accounts has to be organisation, and without this you may struggle to keep track of your expenses and control cash flow throughout your business. When starting out in your respective sector, get prepared with a well organised system, whether you are looking to record electronically or the old fashioned way!

If you are opting for the high-tech approach, back up everything! Computers do crash so ensure you are prepared should the very worse happen.

Utilise the very best software

There are plenty of accounting software programs available for those looking to streamline account management. These programs give you the power to track expenses, payroll, cash flow and accounts payable at a click of a button, allowing you more time to manage the business at hand.

Call in the professionals

As we say here at Hurren Accountants, a good accountant costs you nothing! Whilst you may be looking to limit expenditure in these crucial early stages, the advice a qualified accountant could offer you could be the key to saving money and making your funds stretch further.

Whilst you may have a great business brain and a clear vision of what you are looking to achieve from year to year, having a professional on-board to help you bust the jargon that is associated with accounting will ensure you can open your business’ doors with confidence and a decent cash flow. Your accountant will not only be able to help with tax returns, VAT returns and payroll management but also help you save cash with advice regarding what you can and can’t claim through your business.

Are you a start-up business looking for an accountant? Look no further than Hurren Accountants, we offer a selection of accounting services to ensure you put your best foot forward in the money department.