Accounting describes the financial maintenance, auditing and reporting of your monetary business activities. A small piece of advice: Don’t ignore this important part of your business! Keeping close track of your money allows you to stay in control and to plan ahead for the future. You can find an external accountant or hire someone to work for you in-house.
For example…
As a micro-business, you may decide to tackle accounting on your own. However, even if you stay a solo operation, as your business grows and you add clients you will find you have to make a choice between focusing on your actual business and spending chunks of time each month managing your money.
