Understanding The Importance
Key Aspects of Accounting
Major Areas of Accounting
a. Accounts Receivable
b. Accounts Payable
f. Fixed Assets
h. Book Closing & MIS Reporting
Initial Setup Process
Myths of Accounting
Do’S and Don’TS
"Proper accounting is like engineering. You need a margin of safety"
Having a robust accounting system in place right from the early stages of the business will help you build a strong foundation for your business. It is vital that you manage your accounting properly. However, it is not necessary to spend a fortune doing it. You can combine an affordable payroll service with a part-time bookkeeper and you’re set.
• Keep all business related documents such as bank statements, invoices, bills, receipts, tax papers, as well as legal documents of company safely.
• It is important to have a filing system in place, with a separate file for each kind of financial document.
• Decide Your Accounting Needs
• Hire a Professional
• Pick Your Accounting Method- A majority of startups use the cash method for accounting.
• Open a Business Bank Account
• Record the Transactions
NeuSource provides ‘ONE STOP SOLUTION’ that helps you to convert the business ideas into successful startup in India and across the board. NeuSource is the centre point for new entrepreneurs to achieve their goals. Here, Team of professionals serves clients towards achieving their aim by providing wide range of services.
“Any time is a good time to start a company.” Neusource indulge in providing business consultancy services which help startups to accomplish their desired results as a TAJ EXPRESS. If you’re passionate about something and you work hard, then neusource is the right choice for you."
"This e-guide is truly explainig the precise pre-requisites to build our businesses big player, you have really explained the concept well, I'm eagerly waiting fo your next book."
Naresh Garg, SIG Systems Private Limited, New Delhi
"This guide gives clear insight in short & simple way about how we may face various business challenges to grow our business and realize our vision & running our business on auto pilot mode."
Rajeev George, Greves Group, UAE
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