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Do Startups Need an Accountant?

Your specialty is running your business. Leave the financial detail to an accountant. If you and your accountant use cloud-based accounting software, you’ll be able to keep track of what your accountant does, and always be able to see your company’s financial situation at a glance. We have witnessed and/or either worked with companies that have attempted to do their…

12 Reasons Cloud-Based Accounting is Taking Off

Business owners usually wear several hats. The thinking cap, the creative beret, the sales and marketing topper. Not too many want to don the green visor – the once-popular headwear of accountants. Shuffling piles of paperwork, figuring out how to enter transactions, reconcile accounts, keep track of payables and receivables, generate invoices, close period ends…all are necessary to the running…

Start-up challenges: Building a team doesn’t need to include the creating of an accounting team

Building out your team is one of the most important things you do at any company.  Whether long-established or a start-up, your team is key to the success of your business.  This is especially true at a start-up where the inertia of an existing business and business processes do not exist.  They must be built.  That process takes time.  A lot of time dedicated…

Accounting 2018 – Have the Predictions Come True?

Accounting 2018 – Have the Predictions Come True? We read with much interest an article by thought leader Blake Oliver.  Published in December 2017, it contains five predictions for accounting.  The five predictions are as follows: Revenue recognition guidance adoption will cause implementation of SaaS billing and contract systems to take off.  Blockchain will create headaches (and a few opportunities)…

Outsourcing Your Accounting: Myths, Misunderstandings, and Modern Best Practices

Outsourcing Your Accounting: Myths, Misunderstandings, and Modern Best Practices Let’s start out with a simple quiz: True or False: Outsourcing is only a short-term solution.  You bring in an expert on a to perform accounting duties on an interim basis. True or False: You’ll pay a premium for outsourcing services.  It’s better to hire in-house staff. True or False: Internal…