If you are about to embark on an exciting new business adventure the last thing most of us want to think about is accounting. Keeping accurate records is however essential for your success, ensuring your business is financially viable and managing your tax liabilities.
You don’t have to be a bookkeeper or accountant to manage your business finances, but you do need to be able to keep track of everything. We’ve outlined what you need to know in this module to get you started. From managing your accounts, opening a bank account, keeping track of your expenses, book keeping, invoice and payment processing, VAT, payroll and taxation. However, you might decide that you need a bookkeeper and/or an accountant, so we’ve included some information on what they can do for you and how to go about hiring one too.