ABSTRACT
Understanding accounting lingo ............................................................................................. 470 Choosing an accounting software ........................................................................................... 474 Managing expense reports ........................................................................................................ 475 Outsourcing your bookkeeping ............................................................................................... 476
It’s easy for entrepreneurs and small business owners to be completely focused on everything but accounting when they are starting their business. As an entrepreneur, you’re responsible for developing your product, fi nding the perfect location, meeting with potential clients, ironing out the production and distribution details, hiring staff, etc., etc., etc. If you didn’t devote your time and energy to these things, you wouldn’t have a business to account for, right? The to-do list when starting a business goes on and on, and accounting is inevitably very low on the list.
