How to Create a Monthly Accounting Process for Small Businesses and Startups

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In this episode of "Not Your Father’s Accountant," Igor Tutelman, CPA, shares practical tips for small businesses and startups to setup and streamline their monthly accounting process. He covers the essentials of a well-structured accounting cycle, including managing transactions, using the right software like QuickBooks and Xero, and setting up internal controls to reduce errors and fraud.

Igor also provides guidance on documenting and delegating tasks, as well as regularly reviewing financial statements and KPIs to assess business performance. If you’re looking to keep your books accurate and up-to-date while avoiding last-minute stress, this episode is for you!