How to Set Up a Small Business Bookkeeping System
Starting a small business is exciting - you’re finally turning your vision into reality. But as any successful entrepreneur will tell you, managing your finances properly from day one is just as important as selling your first product or landing your first client. That’s where bookkeeping comes in. A solid bookkeeping system is the foundation of a healthy business. It helps you track income and expenses, stay compliant with tax laws, and make informed financial decisions. Yet, many small business owners in Surrey and across Canada struggle to set up a proper bookkeeping system that’s both efficient and compliant. In this detailed guide from Mehra CPA , a trusted provider of bookkeeping services in Surrey , we’ll walk you through the step-by-step process of setting up a small business bookkeeping system that actually works - whether you do it yourself or hire bookkeepers near you to help manage it. 1. Understand the Basics of Bookkeeping Before you start setting up your s...