Accounting

Turning bookkeeping records into financial statements and meeting filing obligations.

Example

Year-end statements and the corporate tax return.

Software handles bookkeeping well. A human is worth it for tax, equity events and anything with a filing deadline attached.

Bookkeeping — Recording every transaction accurately and on time.
Income statement (P&L) — A statement of revenue, costs and profit over a period. Revenue − COGS = gross profit; gross profit − OpEx = operating profit.
Balance sheet — A snapshot at one moment of what you own (assets), what you owe (liabilities), and the difference (equity).

Bookkeeping, accounting and when you need a person — Software handles bookkeeping. A human is worth it for tax, equity and anything with a filing deadline. (12 min)
Where to actually start keeping books — Day one, with no accounting background and no system. What to record, where to put it, and the three habits that make everything after this easy. (12 min)
Bookkeeper, accountant, CFO — when to hand off — What each one actually does, the order to hire them in, and the parts you should never hand over however big you get. (11 min)
When to talk to a lawyer or accountant — Which situations genuinely need a professional, which do not, and how to spend the least money getting the most protection. (10 min)