Accounting & Finance

Accounting for a startup refers to the systematic process of recording, analyzing, and reporting all financial transactions related to the business. Effective accounting is crucial for tracking financial performance, making informed decisions, and securing funding. Finance for a startup encompasses the broader management of the company’s financial resources, including how the startup raises, allocates, and utilizes its funds. In essence, finance is about ensuring the startup has the necessary resources to achieve its goals while maintaining financial health. These two functions are interrelated—accounting provides the financial data and insights that inform the strategic decisions made in finance