article thumbnail

Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

They prepare the income statement, balance sheet, and statement of cash flows using the accrual accounting method. Familiarity with Generally Accepted Accounting Principles (GAAP) is essential.

article thumbnail

The 3 Jobs Your Startup Should Outsource

Boston Startup CFO

Outsourcing your bookkeeping to the right firm will give you the support you need for cash management, AP/AR, financial close and taxes. You can also hire a consulting group to provide accounting support on a project basis.

article thumbnail

#243 – Becoming a Treasurer Series, Part 24: Languages of Finance: FP&A

Strategic Treasurer

What are we referring to when we say cash? And that difference can vary when we think about cash if we’re formally trained in accounting, we think that the generally accepted accounting principle of cash is the way to go. Because there’s certain principles that govern accounting.