As the new financial year cruises by, it’s the perfect time to start reviewing your performance and to decide on the right foot
Here are some tips:
Review your financial management. Timely accurate reporting is vital to the success of your start up and future funding rounds.
Ensure your budgets are up to date and under continual review. Align your business development plans with your budget.Ensure they are practical and won’t put any undue pressure on your profit margin.
Pick the right bookkeeping software to your start up based on your income currency.
Monitor all Employees benefits and make sure all benefits given in the salaries were reported and played to the employees
funds and insurance programs.
Close all open issues at your books and prepare for the annual audit.