How to master business accounting and invoicing – TechRadar

Bookkeeping is a legal requirement. But from a business perspective, being able to balance the books is also fundamental for controlling your cash flow and keeping your business afloat. 

Fortunately, bread-and-butter bean-counting and basic financial forecasting aren’t difficult – you simply need to know what’s coming in and what’s going out, and be prepared to make financial decisions as soon as the need arises. From managing your company’s daily accounts to budgeting and planning for the future, read on for how to keep your business on track. 

Everyday accounting

woman shaking hands at a business meeting

(Image credit: Shutterstock)

While your accountant can handle the broader side of your finances, you need to have a good grasp of exactly what money is coming in and what expenses are going out. Smaller companies often find that basic bookkeeping is practical to do in-house. 


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