1. Consider taking an accounting training.

It is possible to follow simple online training courses that will allow you to fully understand the basics of accounting. For example, one of the most important rules is that debit and credit should always be equal. With these courses it will be easier to understand the problems that your business might have in the future.

2. Be organized and keep track of your spent

To properly do the accounting of a business, it is necessary to note, detail and classify accounts receivable and payable and expense receipts. This way there would be less error and you will be able to follow everything that is going on in your company.

3. Regularly send invoices to your customers

It is necessary to follow the accounts receivable because they are your income. To make the customers pay in a better time it is possible to set new payment policies. For example, put conditions 2/10, N / 30.

4. Pay your suppliers on time, but not too early

By paying your suppliers on time, without paying in advance, you keep more money in your coffers. It is very important to maintain a good relationship with your suppliers. This is mainly done by paying within the given deadlines.

5. Follow the laws

There are several laws that govern accounting and it is necessary to follow them well to have a legal company.