You've learned the digital shoebox method for simple bookkeeping. Now let's practice implementing this system and avoiding common mistakes that can mess up your tech startup's financial tracking.
The goal is building habits that keep your finances organized without overwhelming you as you scale your startup.
Engagement Message
What's your biggest bookkeeping challenge right now?
Type
Multiple Choice
Practice Question
You're setting up your cloud folder system for your SaaS startup. What's the best way to organize your business receipts?
A. One big folder called "All Startup Receipts" B. Weekly folders: "Week 1", "Week 2", "Week 3" C. Folders by receipt amount: "Under $50", "$50-$200", "Over $200" D. Separate folders for each month: "2024-01-January", "2024-02-February"
Suggested Answers
- A
- B
- C
- D - Correct
Type
Swipe Left or Right
Practice Question
Match these tech startup activities with the correct tracking approach:
Labels
- Left Label: Take Photo Right Away
- Right Label: Add to Weekly Summary
Left Label Items
- Just paid for new developer license at checkout
- Bought lunch for potential investor meeting
- Paid for conference ticket with credit card
- Purchased startup books for the team
Right Label Items
- Calculating total recurring subscription costs
- Recording total monthly cloud infrastructure spend
- Figuring out customer acquisition cost for the week
- Reviewing overall weekly burn rate
