Remove accrual accounting Remove bookkeeping Remove Gaming
article thumbnail

Tech Startup Accounting Insights From A Y Combinator Company

inDinero Tax Tips

The key is the difference between cash and accrual accounting. Youre already familiar with cash accounting; its how people manage household budgets, where transactions count when money physically changes hands. Accrual accounting is a bit trickier. Accrual accounting is better suited for tech startups.

article thumbnail

3 Tips for Catching Up Your Books

xendoo

Today, we’ll offer you three tips for catching up on your books and getting you back in the game. . Bookkeeper ” should never be one of them. Some owners handle their own accounting, thinking they can do it all. For accrual accounting businesses, you may have to chase down your delinquent clients. . Business Loans.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Small Business Tax Deductions 101: What You Can (and Can’t) Write Off

inDinero Accounting

Indinero’s virtual bookkeeping service simplifies record keeping. When the time comes, contact us about our virtual bookkeeping services. Airfare, lodging, ground transportation – it’s all fair game. This can be a game-changer for businesses investing significantly in equipment or technology.

article thumbnail

What Type of Accountant Does Your eCommerce Business Need?

xendoo

Chances are that your accounting and bookkeeping needs are low on your list of priorities, but that can come back to bite you. If your eCommerce store starts to grow, you can always switch to the accrual method down the line, though you may need to consult with an eCommerce accountant to help you with your books.

article thumbnail

Accounting for Startups

inDinero Accounting

This requires accrual accounting rather than the simple cash-basis. A qualified accountant can help you make calculations that maximize the value and attractiveness of your business. Cash vs. Accrual Accounting Calculating and itemizing all the assets and liabilities can be a tricky endeavor.

article thumbnail

Accounting for Startups

inDinero Accounting

This requires accrual accounting rather than the simple cash-basis. A qualified accountant can help you make calculations that maximize the value and attractiveness of your business. Cash vs. Accrual Accounting. The Right Chart of Accounts. Bookkeeper. Credit: Jason Goodman.