Finance

Accounting 101 for a Growing Business

min read
Opinions expressed by Entrepreneur contributors are their own.

Emerging growth companies have different needs than startups, especially when it comes to accounting. If you’re not using professional software, tax expert Mark Kohler warns, you could be missing out on key information that can help you manage your business. Kohler, author of What Your CPA Isn't Telling You, advises growing businesses to upgrade their accounting practices, including investing in a bookkeeping system and hiring part-time help. 

Related Videos:
Three Tips for Avoiding a Tax Audit
How to be Cash-Flow Positive on Day One

For more tips on managing your business, check out Entrepreneur Solutions Playbook: 25 Small-Business Challenges.

More from Entrepreneur

Kathleen, Founder and CEO of Grayce & Co, a media and marketing consultancy, can help you develop a brand strategy, build marketing campaigns and learn how to balance work and life.
Book Your Session

For a limited time only, get this bundle of Entrepreneur PressĀ® titles for less than $30 (60% OFF) on our bookstore when you use "LEAP" at checkout.
Buy Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.