[accountinglads]

The answer depends on the complexity of the accounting for startup costs as well as its stage. For the early stage startups with ordinary finances, using accounting software like QuickBooks, Xero or Wave, however, is easier as these are user friendly as well as the cost effective. But when it becomes more business and transactional, it’s advisable to hire an accountant or a bookkeeper. Here, they can offer strategic financial advice, make sure that tax compliance is always achieved and also take care of its payroll. Fortunately, accuracy combined with the time freed from the founder’s hands by the software coupled with expert support usually works best.

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