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Accounting for startups - Cagle Consulting

Published on Nov 18, 2015

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PRESENTATION OUTLINE

Accounting

Doesn't have to be painful

Better to start off on the right foot

than have to clean up an accounting nightmare later! 

Things to think about now:

  • banking

Things to think about now:

  • track reimbursable expenses

Things to think about now:

  • credit card processors 

Things to think about now:

  • accounting system

Things to think about now:

  • managing cash/burn rate

Things to think about now:

  • due diligence paperwork

Biggest mistakes I've seen startups make:

  • not keeping receipts for reimbursements and taxes

Biggest mistakes I've seen startups make:

  • not keeping bank records 

Biggest mistakes I've seen startups make:

  • not adequately tracking expenses
  • not adequately estimating burn rate

When to hire a bookkeeper?

  • you don't have time to do it yourself

When to hire a bookkeeper?

  • you need help managing cash/burn rate

When to hire a bookkeeper?

  • you need financial reports

When to hire a bookkeeper?

  • time for taxes

When to hire a bookkeeper?

  • avoid the accounting headache altogether

How to get help

  • just ask - I'm here Mondays and Wednesdays
  • hire Cagle Consulting for setup or ongoing work
  • email me at moriahynne@gmail.com