Remove GAAP Remove Planning Remove Startups Remove Strategic Planning
article thumbnail

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.

article thumbnail

Breaking Down the FP&A Function of the CFO Suite

BlueLight

This function is called financial planning and analysis (FP&A). The CFO is focused on company-level strategic planning and building a relationship with investors. Early-stage startup: Focused on finding product market fit, limited financial information to work with. The CFO takes on the responsibility of FP&A.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Best Practices from the CFO Suite

BlueLight

Forward In the current economic crisis, business leaders from early-stage startups to large multinational corporations have had to make difficult decisions. The companies represented include venture backed startups, mid-sized businesses, and large multinationals. Post Series B, it becomes a full-time job to support strategic planning.

CFO 52
article thumbnail

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? Overall, CFOs help you with business planning, providing your business plan with essential rigor.