A Startup Guide to Pre-Seed Fundraising

June 7, 2024
A Startup Guide to Pre-Seed FundraisingAt the pre-seed stage, startups often face the challenge of determining how much funding to raise. Unlike later stages, where funding needs are more defined, pre-seed funding aims to provide startups with the initial capital necessary…
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A Guide to Creating Financial Projections for Your Startup

June 7, 2024
A Guide to Creating Financial Projections for Your StartupFinancial projections are vital for startups, providing critical business operations and decision-making guidance. By understanding the basics, gathering reliable data, and developing accurate forecasts, you can navigate the complexities of entrepreneurship with…
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Does a CPA do Tax Filing and Consulting?

April 25, 2024
Does a CPA do tax filing and consulting?Decoding tax obligations and financial strategies in the business world can be daunting, and managing financial complexities can also take up a lot of time. In these challenging situations, Certified Public Accountants (CPAs) emerge…
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What Are the Basics of Financial Modeling?

April 24, 2024
What Are the Basics of Financial Modeling?Financial modeling is a complex beast, but it is essential for businesses that want to grow and be successful.Financial models involve the process of creating and using mathematical representations of financial situations and decisions.…
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The Biggest Pain Points When Keeping Your Own Books

April 4, 2024
The Biggest Pain Points When Keeping Your Own BooksKeeping accurate financial records is one of the most important aspects of running a business. Without it, you can’t possibly know how solvent your business is and how well you’re managing your…
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How to Receive Revenue On Your Books Before Earning It

April 4, 2024
How to Receive Revenue On Your Books Before Earning ItRevenue is at the center of all businesses. Without it, you wouldn't have a business, so accounting for that revenue is an essential part of the process. However, receiving revenue isn't always…
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Understanding the Risks and Benefits of Small Business Loans

February 23, 2024
Understanding the Risks and Benefits of Small Business LoansSmall business loans are critical in empowering small business owners to realize their business ambitions. These loans serve as a financial lifeline, providing capital for startups or existing businesses to fund operations, expand,…
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What is the Statement of Cash Flows?

February 23, 2024
What is the Statement of Cash Flows?The statement of cash flows (more commonly called the cash flow statement or CFS) outlines the inflow and outflow of a company's cash and cash equivalents (CCE). The CFS gauges how effectively a business manages…
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Choosing the Best Accounting Software for Your SaaS Startup

February 2, 2024
Choosing the Best Accounting Software for Your SaaS StartupA Software as a Service (SaaS) startup specializes in crafting and delivering software applications over the internet through a subscription-based model. In this framework, users commit to a recurring fee—typically billed monthly…
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2023 Tax Dates

January 6, 2024
2023 TAX DATESWith 2023 coming to an end it is important to make sure that you have all of your tax forms filed. Use the chart below as a checklist to ensure you are squared away.  Form Type of Due…
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Financial Forecasting for Startups, What You Need to Know

December 15, 2023
Financial Forecasting for Startups, and How It Can Help Your Startup Startups carry significantly more risk than a long-standing, well-established business. If finances are not handled with the utmost care and attention, it won’t take long for the entire business…
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How to Set Up a Financial Forecasting Model for Your Startup

December 12, 2023
How to Set Up a Financial Forecasting Model For Your Startup The ultimate guide to financial modeling for startups Setting up a robust financial forecasting model is the cornerstone for any successful startup. Navigating the intricacies of finances can be daunting,…
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Understanding Form 3921

December 8, 2023
Understanding Form 3921 Understanding tax forms can be like deciphering a secret code. To help you out, this blog post is going to break down Form 3921. Whether you're an employee receiving company stock options or an employer granting them,…
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How to File Taxes as a Small Business

December 6, 2023
How to File Taxes as a Small Business As a small business, you play a vital role in the economy – small but mighty as they say. However, with the great opportunities that arise from business ownership, so do the…
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All About Financial Due Diligence

December 6, 2023
All About Financial Due Diligence Are you looking to secure investment funding in order to take your business to the next level? If so, then you need to know what financial due diligence is and why it matters. Ultimately, you…
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How Can Bookkeeping Help with Tax Preparation?

December 6, 2023
How Can Bookkeeping Help with Tax Preparation?Every year, the inevitable happens. Tax season rolls around and individuals and businesses across the US grapple with the challenges of correctly preparing and filing all the required documents.No one enjoys this process, and…
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2024 Tax Dates

December 5, 2023
2024 TAX DATESTax time can be a bit overwhelming, but don't worry – we're here to make it as easy and stress-free as possible. Whether you're a seasoned tax-filer or a first-time taxpayer, this blog post will provide you with…
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How Much Runway Should a Startup Have?

November 29, 2023
How Much Runway Should a Startup Have?One of the most common questions that entrepreneurs face is how much runway they should have for their startup. It’s a tricky question to answer because it depends on many variables. However, there are rules…
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How To Build a Strong Financial Team for My Startup

November 22, 2023
How to Build a Strong Financial Team for My StartupIf you are a startup founder, you know how important it is to have a strong financial team to support your vision and growth. Small business startup accounting has a set of unique…
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Our Guide to Streamlining Business Taxes

November 22, 2023
Our Guide to Streamlining Business Taxes What are the different types of business taxes? There are five general types of business taxes: income tax estimated taxes self-employment tax employment taxes, and excise tax. All businesses other than partnership structures have…
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Is it Effective to Hire a Virtual Bookkeeper?

October 31, 2023
Is it Effective to Hire a Virtual Bookkeeper?The way we run a business is changing. Thanks to the beauty and effectiveness of remote working, it’s no longer necessary to have all your employees working in an expensive office location.In fact, for…
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Tips for Evaluating Management Forecasts

October 18, 2023
TIPS FOR EVALUATING MANAGEMENT FORECASTSHave you ever wondered how businesses predict their future success? This is where management forecasts come in, think of them as a company’s crystal ball for predicting what’s coming next. These forecasts, which can range from…
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How Does a Fractional CFO Help Save Your Business Money?

September 28, 2023
How Does a Fractional CFO Help Save Your Business Money?Successfully navigating the intricate and complex world of business finance requires a deft and experienced touch, especially when it comes to maximizing savings and efficiency. Typically, such financial capabilities are beyond the…
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About R&D Tax Credits for the Technology Industry

September 20, 2023
What R&D Tax Credit can be found in the Technology Industry?We will be starting a new series of blog posts, where we'll dive deep into various industries that are eligible for the R&D Tax Credit, and today, we kickstart with…
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Workers Compensation in California

September 6, 2023
Workers Compensation in CaliforniaAn accident on the job can happen at any time, even if employees are following safety rules and best practices. Without workers’ compensation coverage, an injured employee could file a lawsuit against the employer, and practice owners…
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Can a CPA Certify Financial Statements?

September 6, 2023
Can a CPA Certify Financial Statements?Certified Public Accountants (CPAs) are often called upon to provide their expertise when it comes to certifying financial statements. However, the question arises as to whether a CPA can certify financial statements. The quick answer is…
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Do Accountants Typically Write Business Plans?

May 8, 2023
Do Accountants Typically Write Business Plans?You're in need of a business plan, so you’re probably here because you’re wondering if an accountant can write one for you.The quick answer is no. An accountant doesn’t typically write business plans, but they…
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Our Simple Guide to IFRS 15 Revenue Recognition

December 29, 2022
Our Simple Guide to IFRS 15 Revenue RecognitionYou may have heard about IFRS 15 revenue recognition as a business that requires financial reporting, but have no idea what it is. Being IFRS 15 compliant is necessary if you want to…
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All About Journal Entries for Contract Revenue Recognition

November 30, 2022
All About Journal Entries For Contract Revenue RecognitionMost simple financial transactions involve a customer requesting goods or a service and paying for them immediately. This is an easy accounting process when recording the transaction as revenue. But, what happens when…
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An Overview of Financial Reporting

November 14, 2022
An Overview of Financial Reporting Creating a successful business isn't just about selling products or services. It's also about making smart decisions based on your company's data. Having the ability to look at the current and projected financial health of…
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How to Streamline End-of-Year Taxes

September 9, 2022
How to Streamline End-of-Year Taxes Taxes, there's just no escaping them! Many business owners await the year-end with dread because they know it's going to be a long, complicated process to get their taxes filed correctly. While taxes are never…
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How to Choose the Best Accountant for your Startup

July 15, 2022
How to Choose the Best Accountant for your StartupHere you are – you need an accountant for your startup. After all, accounting helps you make the daily business decisions required to make your business financially function and grow. Welcome to…
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Five Signs Your Startup Needs Accounting Help

June 27, 2022
Five Signs Your Startup Needs Accounting Help1. You're Experiencing Rapid GrowthCongratulations, your business is succeeding! Now it’s time to get serious and start planning and forecasting your finances so you can continue scaling your business in an affordable way. By…
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Should My Startup Get An Accountant?

April 26, 2022
Should my Startup get an Accountant?Most small businesses need financial help – however, hiring a professional can be a challenge with a limited budget. Obtaining the services of an accountant can be a highly worthwhile investment. Learn more about gauging…
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The 5 Steps of ASC 606

April 8, 2022
The 5 Steps of ASC 606 IntroductionAs a business, you may be aware of the new ASC 606 accounting standard that was released in late 2014. The goal of this standard is to create a more accurate and consistent representation…
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The Comprehensive Guide to Virtual Accountants

March 17, 2022
A Comprehensive Guide toVirtual AccountantsWhat is a virtual accountant?A virtual accountant does all of the same work of an in-house, in-person accountant. Instead of working in an office, a virtual accountant works remote. And, in most cases, virtual accountants are…
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How to Correctly Prepare Deferred Revenue Journal Entries

January 19, 2022
How to Correctly Prepare Deferred Revenue Journal EntriesWhat are deferred revenue journal entries?Any time your company receives payment for future goods or services, this is deferred revenue. You might also know it as unearned revenue. The deferred revenue journal entry…
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Cash vs Accrual Accounting Methods

March 23, 2021
Cash vs AccrualWhen you first set up your company’s accounting, you need to setup your financials under the cash or accrual accounting method. Before you begin implementing either method into your organization’s finance tracking methodology, it’s best to know how…
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Bench vs QBO: Accounting Software Comparison

March 22, 2021
Everything You Wanted to Know about Bench vs QBOShould I use Bench or QBO? The choice between Bench vs QBO impacts how your company’s financial processes work. Both Bench and QBO are business accounting softwares, and both offer benefits and disad-vantages.…
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Xero vs Bench

February 12, 2021
Xero vs Bench: The Ultimate GuideWhat is Xero vs Bench?Both Xero and Bench Accounting are programs made for bookkeeping. Here, we will dive into the pros and cons of each software so you can determine which is best for your…
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Planning Tax Efficiency

February 12, 2021
Everything About The Comprehensive Guide to Planning Tax Efficiency Planning Tax EfficiencyWhy is it important that taxes be efficient? An efficient tax system minimizes the cost of complying with the tax code so organizations can pay the least amount required…
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Fyle Finvisor Partnership

January 14, 2021
Fyle and Finvisor Announce Partnership for Expense Management PlatformFinvisor is excited to introduce its partnership with a leading expense management platform, Fyle. Fyle is on a mission to create the most user-friendly expense management experience on the market. A cloud-based,…
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Software Subscription Revenue Recognition: A Complete Guide

November 27, 2020
Software Subscription Revenue Recognition: A Complete GuideSubscription Revenue RecognitionBusinesses that offer subscription- or license-based solutions operate under a different financial model than those selling one-time goods or services. Instead of a straightforward, single-use exchange, subscription revenue typically arrives up-front for…
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