How to create a monthly accounting cycle

By: Not Your Father's Accountant
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  • Summary

  • In this episode of "Not Your Father’s Accountant," Igor Tutelman, 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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Economics Leadership
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Episodes
  • How to create a monthly accounting cycle

    How to create a monthly accounting cycle
    Sep 25 2024
    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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    17 mins

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