If you are about to start a small business, do yourself a favor and set your bookkeeping up properly from the beginning. Consult an accountant who understands the industry you are entering and establish a solid system for keeping track of all of your financial data. This is not a fun or sexy part of startup, and it can cost quite a bit of money, but it will be well worth the effort and expense. If this advice seems overly simple, it is; if it seems dismissible, it is not. Remember, you are starting a financial enterprise; success is entirely dependent on understanding your business' actual worth at any given moment in time (starting now).
The image above is from the Computer Science @ Columbia University web site.
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