How to get paid faster

Running a startup or small business usually means there will be many instances where cash is tight. It’s important to always put the focus on your main source of cash inflow – revenue. This means being efficient and consistent on invoicing, following up on outstanding amounts, and of course, accepting payment. Here are a few tips on how to get paid faster, which will ultimately help create consistency in your…  Read more

What does a financial controller do?

When you reach a certain level of startup success — things move fast. Like really, really fast. One day, you’re grabbing lunch for your loyal team of six people, and all of sudden, you’re looking for an office space to hold 20-plus. Now you have to worry about a whole new set of things you didn’t have to when the team was much smaller. One of those things is finances.…  Read more

What you need to know about bookkeeping for startups

Running a startup looks so easy on TV, doesn’t it? You come in and pitch an investor on your new product or service, and boom — you’re now a multi-millionaire living in Silicon Valley. But where’s the accountant? Who keeps track of the bookkeeping? Nobody really knows or cares on the set of a TV show. Unfortunately, your real life startup doesn’t usually work that way. Someone needs to keep…  Read more

How a “Virtual CFO” can help you grow your business

Every business can benefit from dedicated financial management expertise, but very few small businesses have the means to hire someone full time—particularly in the lean early years. Unfortunately, it’s those first few years when a company is just starting up that establishing good habits with managing financial resources is so important, and, over time can even make or break a business. Hiring a virtual CFO is an affordable option for…  Read more

What startups need to know about cash flow reporting?

Every great startup begins with an innovative idea. In many cases, it’s the solution to a universally-recognized problem. It could be a better way to get places through ride-hailing services or a faster, more efficient option to traditional food delivery methods. It may even be as simple as an app that automatically loads coupons into your browser. No matter how brilliant the idea, the majority of startups still need to…  Read more

What are the best cloud-based accounting apps?

There are two main types of businesses that we deal with: a newly incorporated start-up or a small to medium-sized business looking to move to the cloud. No matter what type or size of business we see, there is a very clear tech stack that we use and highly recommend for any new client that comes on board. Xero Xero is the only cloud-based accounting software we use, and it…  Read more

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