Having a well-educated and informed Chartered Accountant by your side when setting up a company or a startup can help at varying stages. Since CAs are experts in taxes, finance, agreements and laws, they can serve as integral parts in applying business plans, formulating strategies, deciding on software to be used, receiving subsidies and maintaining accounts. Accounting is among the most significant business functions entrepreneurs need to understand when starting a new business. Entrepreneurs with plans of setting up startups often wonder why we need accounting. Or if you think about why accounting is important for a new business, you must know that startups require solid accounting methodologies allowing their business leaders, financial managers and founders real-time visibility to the right picture of their financial health.
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