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Frequently Asked Questions
Starting a Business Requires More Than Just a Dream
Q. Why do I need a separate bank account for my business?
Q. What is the difference between the cash basis and accrual basis of account?
Q. How do I select the most appropriate computer system for my business?
Q. What do I do first to set up my books?
Q. What records will I need to account for my business transactions?
Q. What costs will I not be able to recognize when I pay them?
Q. What procedures need to be followed at the end of and accounting period?
Q. What financial statement will I want to produce at the end of an accounting period?
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