Accounting is a critical business task that every company has to contend with, regardless of industry, business model or sales method. Setting up your accounting correctly from the very beginning will save you a lot of headaches and hassle as you grow.

• Open a business bank account
• Select an accounting method
• Choose your accounting software program(s) - All-in-one accounting solutions that offer bookkeeping, invoicing, payroll & tax support
• Set up your chart of accounts - your income and expenses can be broken up into assets, liabilities, revenues, expenses and equity
• Schedule time each week or month to review your finances - Reconcile your accounts or hire a professional to do it for you

• Business bank account is created and ready for use
• Digital banking setup is completed
• Enrolled for RAKValue package
• E-commerce, point of sale (POS) or both set up for automated invoice reconciliation (Optional)