
Here are some tips to help manage accounting for small businesses and, as a result, help them grow.
- Open a bank account
- Track the expenses of the system
- Develop and maintain a bookkeeping system
- Set up a payroll system
- Investigate the import tax from time to time
- Establish and keep track of sales tax procedures
- Determine the tax obligations of the company
- Calculate the gross margins the company makes regularly
- Continuously re-evaluate the profit-making methods of the company and keep coming up with new ideas
- Know your numbers to grow the business