• How to create a monthly accounting cycle

  • Sep 25 2024
  • Length: 17 mins
  • Podcast

How to create a monthly accounting cycle

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  • Summary

  • In this episode of "Not Your Father’s Accountant," Igor, a CPA, shares practical tips for small businesses and startups to streamline their monthly accounting process. He covers the essentials of a well-structured accounting cycle, including managing transactions, using the right software like QuickBooks and Xero, and setting up internal controls to reduce errors and fraud. Igor also provides guidance on documenting and delegating tasks, as well as regularly reviewing financial statements and KPIs to assess business performance. Throughout the video, he offers free resources like checklists and templates to help businesses implement these practices effectively. If you’re looking to keep your books accurate and up-to-date while avoiding last-minute stress, this episode is for you!
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