English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

what should we do for the income and expenses for pre-start? Any of you do Accounts or audit can answer this question?

2006-11-10 22:36:15 · 1 answers · asked by faith 1 in Business & Finance Small Business

I mean that if i am ready to set up a
private ltd with my friends, and i decide my financial year is Jan2007 to Dec2007. But i have cheque receipts and some expenses incurred around Aug'06- Dec'06. I also sale my goods around Nov'06. So any effect if i put all my income or exp to accounting system in nx year? Or any good suggestion?

2006-11-10 22:55:12 · update #1

1 answers

I am a little confused with your wording but if you mean what you think I mean then all your figures are assumed. You project what your expenses & income will be by doing research & deciding what you think will determin the businesses inflow & outflow.
Nothing is exact in business regarding financials in the first year, possibly the first 3 years.

2006-11-10 22:46:28 · answer #1 · answered by Mrs D 6 · 0 0

fedest.com, questions and answers