INBOOKS · PRACTICAL GUIDANCE
Accounting for Startups
Start with reliable cash visibility and clear separation between business trading, founder funding and other financing movements. Keep the reporting simple enough to maintain, but document the assumptions behind runway and growth scenarios.
Records and controls to prioritize
- Business bank records and founder-funded expense evidence
- Funding agreements and capital/loan movement schedules for review
- Recurring-cost and commitment register
- Monthly cash forecast with actual-versus-plan review
Practical questions
What should the first reporting pack contain?
Start with cash, income and costs, amounts owed by customers and suppliers, and the assumptions behind the next few months of cash planning.
How should founder-paid expenses be recorded?
Collect the business purpose, receipt and payer details, then agree the treatment and any reimbursement through the accounting review.
Scope the work around your operations
Describe the channels, entities, accounting system and periods involved. Agree the review and reporting scope before work starts.
Discuss your business →