Preparing for Your First Financial Audit: A Checklist for Startups
Shay CPA
FEBRUARY 19, 2025
based companies, that means adhering to generally accepted accounting principles (GAAP). As a startup, aligning with GAAP usually means starting with accrual-based accounting. This means recognizing revenue as you actually earn it, rather than as customers pay it. Generally, if youve hit $4 million in annual revenue, its time.
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