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. Fortunately, we present you with a compass – a diagram that demystifies the functions of financial accounting.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

CFO Share

NOVEMBER 17, 2023

Just like an inexperienced intern, your AI bookkeeper may spin its wheels for weeks doing tasks incorrectly before you or your accountant catch it and fix the problem. AI bookkeeping tools require setup, training, and supervision by an experienced accountant. Can AI do my bookkeeping?

Accounting Principles 52

Accounting Principles Accounting Startups Financial Data 52

Spreadym

OCTOBER 27, 2023

Before: EBITDA looks at a company's financial performance before accounting for interest, taxes, depreciation, and amortization, as these factors can vary significantly between different companies and industries. Interest: This represents the cost of borrowing money. Taxes: EBITDA excludes income tax expenses.

Financial Analysis 59

Financial Analysis Valuation GAAP Accounting Principles 59

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

The Finance Weekly

DECEMBER 18, 2021

A controller (or comptroller in government roles) is the company’s lead accountant and the one in charge of running day-to-day activities of the accounting department. They maintain accurate financial records and are usually senior managers with lots of accounting experience and responsibility. The case for a CFO.

CFO 52

CFO Budgeting GAAP Accounting Principles 52

Spreadym

JUNE 19, 2023

Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. This may involve segregating duties, implementing approval processes for expenses, and regularly reconciling accounts. These features enable you to monitor and analyze your cash flow effectively.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52