Boston Startup CFO

APRIL 3, 2023

Financial accounting: A topic that can easily disorient even the most driven entrepreneurs. However, don't undervalue the significance of comprehending finance for your startup's survival. They prepare the income statement, balance sheet, and statement of cash flows using the accrual accounting method.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

CFO Share

NOVEMBER 17, 2023

AI bookkeeping tools require setup, training, and supervision by an experienced accountant. Scalefactor was a $100M VC startup built on the promise of AI powered bookkeeping. Due to its inherent weaknesses, AI alone cannot do your bookkeeping.

Accounting Principles 52

Accounting Principles Accounting Startups Financial Data 52

Boston Startup CFO

OCTOBER 29, 2012

If you’re running an early-stage startup, chances are there are some knowledge gaps in your core team. Are you prepared to manage the day-to-day of your startup, from recruiting new talent to bookkeeping to financial planning? Look for a professional CFO who has experience working with startups. So, what should you do?

Startups 52

Startups Mergers and Acquisitions (M&A) CFO GAAP 52

PYMNTS

DECEMBER 3, 2019

The contribution margin — also used by Lyft and Peloton — ignores fixed and startup costs, and highlights core service revenue. The company used generally accepted accounting principles (GAAP) to essentially turn a $1.9 billion net loss into a $142 million profit. Peloton turned a $50 million loss into a $42 million profit.

Benchmarking 54

Benchmarking Profit and Loss GAAP Accounting Principles 54

Spreadym

OCTOBER 27, 2023

Manipulation and Earnings Management: Because EBITDA is a non-GAAP (Generally Accepted Accounting Principles) metric, it can be more susceptible to manipulation and earnings management by companies. It may not be as relevant for startups or companies in growth stages, where investment in assets and working capital is critical.

Financial Analysis 59

Financial Analysis Valuation GAAP Accounting Principles 59

The Finance Weekly

DECEMBER 18, 2021

If your company’s accountant can’t keep up with the workload, a controller would be more beneficial than a second accountant, and more directly involved than a CFO who is probably not needed in this situation. In the world of technology and startups, the fast paced environment requires more forward and dynamic thinking.

CFO 52

CFO Budgeting GAAP Accounting Principles 52

Spreadym

JUNE 19, 2023

Scalability: QuickBooks is suitable for businesses of all sizes, from small startups to large enterprises. It may take some time for users who are unfamiliar with accounting principles to become proficient in using the software. Scalability: Xero caters to businesses of all sizes, from small startups to large enterprises.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52