Startup Advice and Strategy: I'm creating an asset tracking system for our small company of 15 people. What assets are worth tracking?
Vanessa Kruze
Founder, CPA
As a general rule…. I’d say anything over $500. But you should definitely consult with your CPA.
(I’m a CPA and I manage the finances for over 200+ startups.)
Also read:
Recent questions
- How to categorize Customer Success expenses on the P&L
- My business’ California Registration was rejected because there is already the same business name in use, what should I do?
- Form W-8BEN, what type of form is this in the US?
- As a hardware startup in the R&D phase, how can I save money?
- Startup Law: What can you do if a contractor (who you have already paid) is avoiding your requests to sign a W9?
Top viewed questions
- What happens if the IRS audits me and I do not have the receipt for an expense (assuming it was a legitimate expense)?
- What does a US based company need to do to comply with IRS regulations in paying foreign contractors?
- What are some hacks for reducing your burn rate if you are a startup?
- How can I become a good accountant?
- How should convertible note financing be handled on the balance sheet?