Five Accounting Tips for Start-Ups

Banks BHG Accountants based in Swindon provide 5 accounting tips for start-ups.

1. Go and see a chartered accountant
2. Know your break even points.  Not just how much it costs to make something, but how many you need to sell and at what margin to cover the other costs which means …
3. Understand your costs
4. Plan your cash flow
5. Get online with your bookkeeping package.

And a final tip: keep smiling, remember you wanted to do this and the hard work will pay off!