Start-Up Accounting 101: How to Handle Your Business Finances From Day One
Good accounting in the first month saves you from a mess in the first year. If you separate your money, record every transaction, track tax dates and review your numbers monthly, you will always know how much cash you have, how much you owe and whether the business is really making a profit. This guide gives you a simple setup you can follow from day one. At Sharda Associates , our Chartered Accountants (CA) help startups set up books, GST and tax compliance, and prepare CA-certified project reports for bank loans and funding. A project report works best when it is built on real, organised numbers, so starting with clean accounts directly helps your loan or investment case later. When a lender or investor asks for your financial statements, a CA-prepared project report and well-kept books answer most questions at once. Your projected sales, costs, cash flow and repayment capacity can be tested against what you have actually recorded. If you plan to raise money in the next year, ...
