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I'm going through the process of setting things up right now, and deciding on tools and approaches (cash based vs accrual based) is somewhat overwhelming. I'm c

• rman666 7y ago
  Not to be mean, but why would you ask a bunch of strangers how to set up your accounts instead of an accountant? This seems so obvious to me. Some things you should just spend a few bucks on to make sure it’s done right (i.e., legal, too).
  • jamestimmins 7y ago
    Eh, I'm just a fan of getting thoughts from multiple different data sources. Obviously an accountant will be an important/final step, but by casting a wide net and asking others to share their experiences, that lets me ask better questions when I do reach out to the accountant. Individual accountants also may know a lot about the legal accounting requirements, but they may not be as familiar with all available bookkeeping software, for example. Note that the question asks how others handle their process, not how I should handle mine.