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5 Accounting Challenges Startups Face and How to Help Them Thrive

The CFO College

Startups tend to operate on shaky ground. 90% of startups will fail - period. As an accountant or bookkeeper, you can help prevent startups from going under or losing profitability. The key is understanding a startup's challenges and providing solutions to facilitate company growth. startups need you.

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Talent retention in Southeast Asia: Accountants as valuable assets

Future CFO

Talent shortage among accounting staff continues to persist in many parts of the world including Southeast Asia, with the issue being most felt by small accounting firms that struggle to compete with the big accounting firms: KPMG , PwC , Ernst & Young , and Deloitte.

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Invoice Startup Upflow Raises $2.7M

PYMNTS

French startup Upflow , a company that wants to streamline the invoicing process for companies, help them stay organized and ensure they get paid on time, has raised $2.7 Many companies have relied on Excel spreadsheets to keep track of invoicing information, and Upflow has created a proprietary system to improve on that.

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New Shine Feature Lets Customers Insure Invoices

PYMNTS

Challenger bank Shine , a French startup, has introduced a new program to insure invoices to help make sure they are paid, according to a TechCrunch report. With Shine’s new service, after an invoice goes unpaid for a certain amount of time, the bank contacts the other company to remind them to pay.

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Oracle Adds Invoice Finance Firm Previse To Startup Ecosystem

PYMNTS

Enterprise technology conglomerate Oracle is giving a B2B FinTech a boost of support through its startup mentorship program. The company’s platform provides a network that enables banks to authorize a transaction so suppliers can be paid when an invoice is sent, while buyers can wait to repay the bank until invoices have been processed.

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Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

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.

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UK’s Peasy Offers Rewards For Faster Invoice Payments

PYMNTS

based startup, wants to help businesses get invoices paid faster, according to a press release. The idea behind Peasy is to link a company with automated accounting software and offer cash incentives for paying earlier. The pandemic has drastically worsened the state of late invoice payments. Peasy , a new U.K.-based