In This Chapter
• Banking for your business
• Filing fun
• Controlling cash and other assets
• Assigning staff
Now that you have the initial roadmap for the accounting system in place, you need to figure out how to work with that system on a day-to-day basis. You certainly want to be sure that the accounting system you set up works efficiently by helping you to manage your day-to-day business activities and by giving you a clear picture of your long- and short-term profitability. The key to maintaining an efficient accounting system is to establish clear procedures for such daily tasks as handling cash and filing financial records. Also important is to set up internal accounting controls to prevent the loss or ...