How to create a monthly accounting cycle
In this episode of "Not Your Father’s Accountant," Igor Tutelman, CPA, shares practical tips for small businesses and startups to 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. Throughout the video, he offers free resources like checklists and templates to help businesses implement these practices effectively. If you’re looking to keep...Show more