Re:Ask HN: When bootstrapping a startup, what are some ways ...
by GoldenMonkey on Sunday April 23, 2017 @02:50PM
(#14179713)
Your company should be on cash-basis accounting. Unless you have a need for accrual based. When you file corporate taxes, you list the method of accounting you are using.
Cash basis:
Cash in hand, recognized. Cash out, recognized.
Keeps it simple :)