Set up bookkeeping
First 30 days: Look and act like a business. Step 8 of 24 in the new LLC launch playbook. Clean books make tax time easy, show you whether you are making money and are required if you ever apply for a loan.
Key points:
- Choose bookkeeping software, or let your accountant choose. Connect it to your business bank account.
- Categorize transactions every week so it never piles up.
- Snap a photo of every receipt and keep it with the transaction.
- Move a set share of every payment into tax savings. Ask your accountant what percentage fits you.
Habit: 15 minutes a week.
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