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How to Set up Your Accounting Books for the First Time

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Setting up accounting for business

We’ll show you how to prepare your financial records so you can get back to business:

Compare different accounting methods

Create your chart of accounts

Choose customer payment terms

Make a schedule for easy recordkeeping

Setting up an accounting system is a vital part of your business’s success.

Opening a business comes with a lot of exciting tasks. By starting a business from scratch, you get to see the tangible results of your hard work. Not to mention, being your own boss has its share of perks. 

Then, there are the not-so-exciting tasks, like bookkeeping. 

Keeping financial records is a necessary and important part of running a business. You need a simple way to organize your accounting books. To help you, we’ve created a step-by-step guide on how to keep books for a business. 

You can use the document to organize your records in the early phases of your company. You also get tips on money-related tasks, like setting up customer payment terms and tracking inventory.