Account Package For Small Business

Step 1: Choose a Business Idea. Step 2: Write a Business Plan. Step 3: Select a Business Entity. Step 4: Register a Business Name. Step 5: Get an EIN. Step 6: Open a Business Bank Account. Step 7: Apply for Business Licenses & Permits. Step 8: Find Financing.

Business Bank Reconciliations. Credit Card Management. Accounts Receivable. Accounts Payable. Sales Tax. Payroll.

Set up a simple accounting system. Set up your Chart of Accounts. Open a business banking account. Separate personal and business expenses. Keep records of receipts and invoices. Be mindful of tax obligations. Set up a system to collect payments. Create a payment collection process.

Decide What Bookkeeping System You Need. Decide How You Will Record Financial Transactions. Choose a Good Accounting or Bookkeeping Software. Set Up a Chart of Accounts. Open Your Business Bank Accounts. Know What Payment Terms You Want. Set Up Bookkeeping System Maintenance.

Open a bank account. Track your expenses. Develop a bookkeeping system. Set up a payroll system. Investigate import tax. Determine how you'll get paid. Establish sales tax procedures. Determine your tax obligations.

Transaction Privilege Tax License A transaction privilege tax (TPT) license (commonly referred to as a sales tax, resale, wholesale, vendor or tax license) is required for businesses selling a product or engaging in a service subject to transaction privilege tax in the state.

1CHOOSE A NAME.2PURCHASE A DOMAIN NAME OR SEE NUMBERS 3, 4, AND 5 BELOW.3CHOOSE AN ENTITY TYPE.4CHECK NAME AVAILABILITY WITH THE ARIZONA CORPORATION COMMISSION.5SECURE THE NAME OR FORM THE ENTITY YOU CHOOSE.6FILE WITH THE ARIZONA CORPORATION COMMISSION CORPORATIONS DIVISION.Ten Steps to Starting a Business in AZ Arizona Corporation\nazcc.gov > corporations > ten-steps-to-starting-a-business-in-az

Pay Close Attention to Receivables. Keep a Pulse on Your Cash Flow. Log Expense Receipts. Record Cash Expenses. Know the Difference Between Invoices and Receipts. Keep Personal vs. Hire a Professional to Handle Your Taxes. Maintain Clear Communication with Your Accountant.

SlickPie. SlickPie is an online accounting software program that is tailored for smaller businesses. QuickBooks Online. A product of Intuit, QuickBooks has long been heralded as the go-to accounting software for small businesses. Sage 50. Kashoo. Xero.