How to do accounting for a small business

1. Open a bank account
2. Track your expenses
3. Develop a bookkeeping system
4. Set up a payroll systems
5. Investigate import tax
6. Determine how you’ll get paid
7. Establish sales tax procedures
8. Determine your tax obligations
9. Calculate gross margin
10. Apply for funding
11. Find high-quality accounting partners
12. Periodically re-evaluate your methods
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