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Cash vs. Accrual Accounting: Which Method Is Right for Your Startup?
Somewhere in your first few months of setting up bookkeeping software, you’ll be asked to choose between cash and accrual accounting – usually in a
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Somewhere in your first few months of setting up bookkeeping software, you’ll be asked to choose between cash and accrual accounting – usually in a
If there’s one piece of advice that shows up in every list of startup mistakes, it’s this: don’t mix your business and personal money. It
If you’ve just started a business, there’s a specific window – the first 30 to 60 days – where setting up bookkeeping properly is dramatically
“Do I need a bookkeeper or an accountant?” is one of the most common questions first-time founders ask, and it’s a reasonable one – the
Most founders don’t think about bookkeeping until something forces the issue – a tax deadline, an investor asking for financials, or a bank statement that
Most startups rely heavily on contractors and freelancers — especially in the early stages when hiring full-time employees is not practical. A designer here, a
One of the first decisions you make in setting up your startup’s books — often without realizing it — is choosing an accounting method. Most
If you have raised any outside funding — or are planning to — there are two financial metrics that matter more than almost anything else
For most founders, the early days of running a startup mean using whatever bank account is handy. A client payment lands in your personal checking