Bhitick Sethia & Associates — Chartered Accountants

Startup

Accounting Basics Every Startup Founder Should Know

Books, GST, runway and MIS — the minimum finance stack before you scale.

2025-12-18 · 5 min read

Open dedicated business banking. Mix personal and business cash and you lose clarity fast.

Record every sale and expense monthly — even if volume is small. Catch-up accounting before funding is painful.

Register for GST when required, and file on time. Investors notice compliance hygiene.

Ask for a simple monthly MIS: cash, burn, runway, revenue and major expenses. That is enough to steer early decisions.

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