How to Track Start Up Expenses Before Your Business Makes Its First Sale: S1E1

The (Not Boring) Boring Small Business Bookkeeping and Accounting Podcast · Apr 30, 2022 · 8m

A business can start costing you money long before it makes its first sale, so when should the bookkeeping actually begin? Our favorite Bookkeeping Mensch,Paul Rosenblum, explains what small business owners should track during the planning and startup stages, why those early receipts and expenses matter, and how missing them can affect the books later. He also shares the story of a food truck business where roughly $70,000 in startup costs and assets were missing from the records, showing just how important it is to keep track of what you spend before the business officially gets going…