Aaron Vick

Burning the midnight oil is a commonality with entrepreneurs, but you don’t want to burn the candle at both ends.

Learning accounting for startups will help ensure that you know where you are and where you need to improve. If you don’t know where your money is going, you won’t be able to spot problem areas or areas that are responsible for your growth.

Continue reading this article to learn more about startup accounting.

Accounting for Startups 101

Instead of learning lessons the hard way, this article will help you as you’re setting up your business. Many entrepreneurs are visionaries but fail to get the accounting right and this causes serious problems — and even failures in business.

Understand Bookkeeping vs. Accounting

Bookkeeping and accounting are often confused but they are not the same. 

Bookkeeping tracks your numbers. The most important numbers tracked by bookkeeping is income and expenses.

Accounting, on the

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