photo credit: jekert gwapo

Starting up a business can be an exciting and challenging process. Right from arranging funds, market research and product development to building a team and accounting for day to day expenses – the entire process can be cumbersome, overlapping and time-consuming.

To make your life a bit easier, over here we have listed the basic tools and tips you need to follow to manage your expenses and accounting:

1.QuickBooks - Have your startup’s financial information right on the computer screen.  This is a must have for all startups and small businesses. Create bills, invoices and even tax preparation and layout – we highly recommend QuickBooks for all startups.

2.ADP or Ceridian - Both ease the payroll services of a startup. From payroll processing to employee payroll tax filing, all available through a single software. Sign up for either of the services right away.

3.Don’t mess with the Revenue Services and make sure you pay all your taxes on time. Stick to be conservative.

4.Keep Receipts for EVERYTHING. From the small expenses to the slightly bigger ones, make sure you keep a track of all. As a startup, (or even otherwise) every single penny counts.

Very basic tips but very crucial for your startup

http://radio.weblogs.com/0103807/stories/2002/08/29/marketing101AccountingTipsForStartups.html