BizSugar.com › Startups › Here\'s Why Accounting Begins On Day One For Startups

I'm an accounting and finance pro and have worked with dozens of start-ups over the years. Among the management there's usually great excitement over launching the new product or service - and less excitement about setting up the new accounting system. In fact I've seen more than a few new companies wait until well into their second year before getting serious about accounting. And a few have even approached me saying "the IRS is getting upset because we haven't filed taxes for three (or more) years - can you get our system fixed so that we can file our tax returns?" In fact my favorite client these days hasn't filed taxes since 2011.