While it’s important to budget ahead of time, your financial records should reflect all of the activity over the past month, quarter, or year (or all of the above!). Pristine financial records can make your online business even more appealing when you’re getting ready to sell. If you run a startup or an online business, you might have a pretty lean team - or maybe you’re the accounting department, in addition to being the CEO, and the sales department, and the marketing department, and so on …īut even if you don’t have an accountant, keeping track of financial records is still an important thing to do for yourself as the owner of a business. Larger businesses and corporations have an entire accounting team that keeps track of all the numbers. It’s vital to keep track of every dollar spent and every dollar earned, even if some things feel miniscule in the grand scheme of the business. When you’re a business owner, there’s nothing worse than feeling disorganized.
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