Accounting/P&L
Profit and loss
-You should have some way of tracking money flowing into, and out of your business.
-You should also be reviewing this report monthly at a minimum to make sure you’re headed in the right direction.
There are multiple accounting software systems that can be used to record these transactions and allow you to review them, and you may choose one over others based on your type of business or where you want your business to go..
A few good options for a small business, just starting are:
-Quickbooks
https://quickbooks.intuit.com
-Xero
https://www.xero.com
-Zoho
https://www.freshbooks.com
-Waves Accounting
https://www.waveapps.com
-Freshbooks
https://www.freshbooks.com
Take time to review each option and decide on the price which will allow you to operate most efficiently for your industry and financials.
After putting something in place that allows you to track the flow of money inside your business, you can then optimize that flow to maximize profits.
Accounting System Options
The link below Gives you the top 10 accounting softwares for Small businesses used today in the United states.
Based on your business needs and budget you may find one better than the others, but the main thing is that you have something in place to track all of your business finances. This will allow you to run and review the financial statements you should be reviewing monthly.