Question

[For Indian companies]

I am planning to start my starup food delivery business in 2 weeks. Even though I have made a study on all these, I would like to get as much advice as possible.

What all registers should I keep so that I can keep track of all expenses and use that details for auditing purposes?

Answer 1

Food business always a good move for new starters. Offcource you are starting food delivery business. it means you may depend on some other for food or make own.

you already planning to start your business within 2 weeks of time. That indicates you have to study a little more. The time frame not to be enough to start a business. Don't set a time frame to start, keep learning.

Don't work out your business for the short-term earnings. You have to forecast changing food habits of people, cost-cutting and waste management these are important aspects, especially in the food business try to find a new way to attract customers. Already a lot of players in the market so, need to grab their customers towards your side.

I have an idea for you that just add a tagline to your product instant cooking.Give time to them each order.

Registers

Don't worry about books each bill given by the shoppers that will be used your self in the auditing.

20 lakh no need to register GST.

If you register GST simple to Audit your accounts.

Daybooks are used to enter day to day transactions.

Cash register it is a machine can be used in shops that have a drawer for money and totals, displays, and records the amount of each sale.

you can use either one. Both can useful for auditing purposes.

so many registers also useful that is sales book, purchase book, likewise to maintain.

Be patient, Look forward. All the best Dear first.