Startup Bookkeeping — Everything Founders Need To Know
We are so excited to welcome the very first edition of Zeni Pulse Weekly! 🥳
While we wish we could just snap our fingers and make your financial woes magically disappear, we’re sadly not genies (trust us, we checked). Instead, every week, we'll be here to help you learn, understand, and get a ‘pulse’ on your financial health. 💪
Let's start our newsletter off with a bang: how to build a strong financial foundation for your business. We'll take a close look at your bookkeeping and accounting to set you up for financial stability and success.
Happy reading, and enjoy mastering your finances!
Startup Bookkeeping 101 For Founders
One of the worst things you can do for your startup is manage your own bookkeeping. Yep! We said it. Even worse, you ignore it.
Proper startup bookkeeping requires a unique set of skills that most founders aren’t equipped to handle. Even if you do have a finance background, you have enough on your plate running your business.
As your startup grows, you need accurate records to maintain a good relationship with investors, lenders, and partners. You also need to know exactly how much money is coming in and out of your business at all times – dare we say, in real-time? Overall, manual mistakes or a lack of insight into your books can impact your startups financial health.
Fortunately, there are easy ways you can make sure your startup's books are in order such as understanding the role that bookkeeping plays in your business and then outsourcing an expert to manage the day-to-day finances.
Have The Experts Handle Your Books, So You Don’t Have To
Outsourcing bookkeeping is a pro move. It makes managing finances easier and keeps everything accurate, freeing up your time to focus on what matters—building your business.
More On Bookkeeping 101
Need to dive deeper into bookkeeping? We've got you covered! Check out these additional resources 👇
Comparing Startup Bookkeeping Services: In-House Vs Traditional Vs Tech-Focused
10 steps you must take as a founder to guarantee a strong financial foundation
Have A Question About Streamlining Your Books?
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Financial storyteller | Uncomplicating the complicated
6moBookkeeping is one of those arenas where you ~think~ you can handle it yourself but then realize a few google searches isn't going to cut it 😅 Sort of like trying to fix your car's transmission with a YouTube tutorial. You think you're saving money but you end up making it worse (yep, been there, lol). Investing in experts is always the smart choice.