Startups and new businesses move rapidly and many times find themselves scrambling to organize their records. With laser focus on product or service development and distribution, it is important to have a stable recordkeeping system from the start.
Early on in the startups life cycle, disbursements are made early on for initial startup expenses, often getting overlooked and forgotten about in the midst of growth. Start with Crunched early and make sure you get credit for these expenses.
One of the hardest things to do with accounting records is to play catch up. It takes twice as long to compile and prepare records, often times missing deductible expenses. Start with Crunched and save time staying organized.
Startups and new businesses often times outsource work early on which require 1099s. Simply check vendors as recipients and run year end disbursement reports making it easier to stay compliant and file federal and state tax returns.
Managing cash flow is imperative for startups and new businesses to maintain operation. With Crunched you will have a clear view into when expenses are due and when to expect payments from customers.
With multiple co-founders, quickly assign them to various user roles where they can collaborate within Crunched to post incurred expenses, view financial reports, and more.
Here are a few help center articles and blogs that will help you get on the right track when it comes to setting up your new business.