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Financial Accounting Hierarchy - By JP Puchulu

Boston Startup CFO

However, don't undervalue the significance of comprehending finance for your startup's survival. Tier 2: Basic Accounting In this tier, accountants close the books on a monthly basis and create basic financial statements to aid founders in assessing their startup's financial standing.

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The 3 Jobs Your Startup Should Outsource

Boston Startup CFO

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?

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Lending Club’s Terrible Twos

PYMNTS

When I founded my first startup, it got me thinking — banks are middlemen that can and should be disrupted,” Laplanche noted in a 2007 interview on how he came up with the idea of Lending Club. Furthermore, there were reports that the date on the loans were tampered with to ensure they were within compliance requirements.

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4 Simple Steps to Building a Pricing Model (and Getting Paid What You’re Worth)

The CFO College

What are the forward 12-month expected revenues (and years two and three if it’s a startup)? Any non-accounting compliance work needed? Any “big” items planned ahead (exits, acquisitions, etc.)?

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The 4 Keys to Building a 100% Remote Bookkeeping Practice

The CFO College

You’ll really want to delve into the pain points of business owners (saving money, reducing tax burden, and increasing bottom line), tax opportunities and planning, and GAAP accounting and solutions. Skills and processes you might leverage to provide this include cash forecasting tools, deep dive analytics, and efficient startup models.

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The 5 Best Financial Reporting Software to Enhance the Productivity of CFO

Spreadym

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have.

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Which IRS Form 990 Should Your Nonprofit File?

The Charity CFO

It simplifies the filing process for very small and startup nonprofits. . If your organization falls into the $50,000-$200,000 range but must complete an annual audit for funding or GAAP purposes, it is wise to skip Form 990-EZ and head straight to the full form. . Simple e-postcard for nonprofits earning less than $50,000/year.