Starting Off on the Right Foot: Accounting for Start-Ups

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Starting Off on the Right Foot Accounting for
Start-Ups
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• When youre first launching your business and
  on a tight budget, its tempting to choose a
  cheaper accounting solution such as Excel
  spreadsheets. However, when you try to work with
  something that doesnt meet your needs, cant
  prevent human error and costs many unnecessary
  man-hours, that cheap solution often turns out
  to be more expensive.
• At Xendoo, we use a cloud-based accounting
  system for the many ways it saves start-ups time
  and money. Here are some of its biggest
  advantages.

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Delivers info anytime, anywhere

• You dont have to read paper receipts or sit at
  your office computer to see your financial
  reports or bank transactions. This enables you to
  respond to changing conditions as they happen,
  minimizing the risk of losses or missed
  opportunities. Plus, you can message your Xendoo
  CPA team anytime for a fast response.

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Eliminates manual data entry

• Through syncing with your bank, every
  transaction is automatically entered into the
  bookkeeping system. It saves many hours of work
  and avoids the risk of error when a human
  operator transcribes the numbers.

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Saves money

• Offering more remote and part-time work
  options, it enables you to reduce your full-time
  office staff, as well as the overhead costs of
  accommodating them. Because data is stored in the
  cloud, not your own servers, IT expenses can also
  be trimmed.

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Analyzes financial status

• A basic spreadsheet cant tell you much about
  your financial big picture, or warn you when
  things arent going according to plan. Xendoos
  monthly PL statements show you at a glance where
  you stand and what needs adjusting. And the CPA
  team can offer expert advice on planning for the
  future.

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Keeps you ready to show and tell

• Complete, accurate and up-to-date financial
  reports are available at any time, simplifying
  your task of making a presentation to potential
  investors. Whats more, every entry is tax coded
  as it happens, so no extra work is needed to
  prepare for filing taxes or being audited.

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Grows with you

• As your business grows, it will inevitably get
  more complicated. Choosing a robust, scalable
  accounting system from day one is a competitive
  advantage that will smooth your path to greatness
  every step of the way.

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• Xendoos cloud-based accounting solutions are
  designed to take a business from start-up to
  enterprise level. While we handle the
  bookkeeping, you can focus on making your new
  business the best it can be.