Red Octopus – Tip of The Day

April 23, 2018

Tip Of The Day…

Starting a new company is expensive.

Start a day book before you start  – and start with an investment of £1,000 initial start up.

Also keep a spread sheet to track your current bank account and Cash in Hand.

As of today the day book for Red Octopus should read : Input £1,000 start up investment from Red Camel.

Cash in Hand should read £1,000

Cash in Bank should read £0 as the bank account for the company will not have been created yet.

Produce a financial statement of the companies assets weekly and report it through The Directors Table.

Set a secure tab up in Protopage called  – The Directors Table and issue a secure password to the tab.

Job done.  Remember all spread sheets and reports to be created in the google drive and the link shared in protopage.

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