Accountancy can be a veritable minefield – especially if you’re starting a business from scratch and are shouldering the responsibilities yourself, perhaps with limited or no experience. However, the importance of good accountancy cannot be underestimated. It’s at the core of your business and the money you have will influence future business decisions that could be ‘make or break’ choices. Here are seven top tips for navigating the often-choppy waters of accountancy: 1) Use accounting software. Accounting software (such as Intuit) is becoming standard practice in businesses of any size. It turns a manual task into an automated one, meaning you don’t have to devote significant sums of money or manpower into making sure your accounting system is efficient and accurate. In addition, you don’t
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