Understanding your startup’s finances does not need to be hard – that’s been the tenor of our past few blog posts. This one continues in the same ilk. We’re shedding some light on two basic tech startup finance functions, bookkeeping, and accounting. Aren’t Bookkeeping and Accounting the Same? The short answer is no. They are […]
Bookkeeping vs Accounting: What’s the Difference? Read More »
If you’ve been following our posts for a while, you already know that we believe in demystifying finance for startups and early-stage companies. We love numbers but you may not. The thing is that staying on top of your company’s numbers does not need to be difficult. Working capital for tech startups is no exception.
What is Working Capital and Why Does it Matter to Tech Startups? Read More »
Of course not, I hear you say. After all, you wouldn’t have gone through the trouble of developing a product or service, only to fall at the next hurdle. But here’s the thing. Many tech startups put every ounce of their attention into their product and service and forget about finance. When it comes to
Are You Planning To Fail? Read More »
Finance might not be the reason why you founded your startup or early-stage company, but it is critical to helping the business grow. With our blog, we’re hoping to bring founders and business owners closer to finance, and this one is no exception. A few months ago, we took a brief look at the Basics
Understanding your Cash Flow Statement Read More »
Timely or accurate financial information – which one is more important for a tech startup? Both, I hear you say. You are not wrong, and in an ideal world you have accurate financial information at your fingertips in a timely manner. However, in a growing company, like a tech startup, speed can be essential when
Timely or Accurate Financial Information: Which do you Need Most? Read More »
When I ask startup founders and entrepreneurs why they started their businesses, the answers vary widely. Many recognised a problem and had an idea of how it could be solved. Some thought of a truly innovative product or service. My point is that no one ever says they started their business because they liked numbers.
I should say, before I wander on to anything else, that I am not a robot. I’ve seen a lot of predictions over the past couple of years that accountants will be replaced by robots. From my point of view that feels like the forecasts of a paperless office were 20 years ago – everyone
Finance and automation Read More »
I am a numbersmith. Other people might call me an accountant but that doesn’t do me justice. True, I am qualified as a chartered accountant but there are various things I don’t do such as statutory company accounts, personal tax returns or corporation tax returns. I have a good black book of folks who are much better
Numbers. No nonsense. Read More »
