Revenue Recognition 101: What You Need to Know About Recognizing Revenue and COGS

Accounting, Automation, Startups /

Revenue recognition and COGS calculation are critical accounting concepts that affect a company’s financial health and performance. Choosing the appropriate revenue recognition method is crucial for accurate financial reporting and regulatory compliance. In this blog post, we will go over the fundamentals of revenue recognition and COGS calculation and offer practical advice for founders and […]

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Top 5 Payroll Tools to Streamline Your Startup in 2023

Accounting, Automation, Payroll, Startups /

Payroll management can be time-consuming and challenging for growing businesses and startups. Many firms are turning to payroll systems that automate and streamline the process to make the process easier and more efficient. Payroll can be a source of anxiety for a founder – we get it!  This blog post will expose you to the

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The Best Accounting Software of 2023: Our Top Picks and Reviews.

Accounting, Services, Software, Startups /

Choosing the right accounting software is critical for effective financial management. Based on our research and testing, we’ll provide an overview of the best accounting software options for 2023 in this article. Our evaluation process considered usability, pricing, features, customer support, and user feedback. We’ve included options for a variety of industries and business sizes

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The Top Mistakes to Avoid When Selecting an Accounting Provider for Your Startup.

Accounting, Services, Startups /

Choosing the right accounting team for your startup is critical to your long-term success. With so many providers, figuring out where to begin can take time! This blog will outline the top mistakes to avoid when selecting an accounting provider to help you avoid common mistakes and make the right choice. Failing to Consider the

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Understanding Your Cash Burn Rate: The Essential Metric for Every Startup.

Accounting, Startups /

“Revenue is vanity, Profit is sanity, and Cash is king”  As a founder or CEO, there are numerous metrics to monitor, ranging from customer acquisition costs to revenue growth. However, one metric that entrepreneurs frequently overlook is their cash burn rate. Simply put, as a start-up founder, cash should and will always be a top

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Contractor Payments for Startups 101: Everything You Need to Know

Accounting, Startups /

When speaking about processes, one of the main questions we get is: How do I pay my contractors?  If you’re a founder, you’ll almost certainly need to hire contractors at some time to help your company expand. Whether you’re employing a freelancer for web development or an independent contractor to manage your social media marketing,

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