How can one handle accounting related to startup growth?

When your startup becomes large, you should switch to professional accounting software or outsourced experts, instead of using simple spreadsheets. Introduce effective internal controls, take good control of accounts receivable/payable and make bank statements reconciliatory. Monitor important measurements such as the burn rate and runway. Financial performance ought to be checked in monthly financial reports. Outsourcing to businesses that have been started gives certainty of compliance, investor ready accounting and guidance. It will also become very important to make prior arrangements on tax and audits. A fundable-ready accounting system leverages smarter decision making in the business.

Visit us: https://accountingbyte.com/accounting-startups/