this post was submitted on 04 Aug 2023
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chapotraphouse
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Hey hi howdy. I happen to be in the process of starting a business, do you think you could share some recommendations and/or guidance on how the accounting side of a small business is done?
Also if business takes off, my #1 goal is to hire comrades and turn it into a workers' coop.
Best advice I can give is to take a formal intro-to-bookkeeping course. It's not hard to learn basic double-entry accounting but there are some subtleties to it that a self-taught approach might not prepare you for.
Thank you!