Sometimes, all you need to do is ask. I once helped a client renegotiate a rental agreement for an underperforming store. Landlords can be hard to deal with, especially big commercial operators …
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Successful Frameworks
I’ve served as CFO for several restaurant groups that didn’t have a reporting system when I started. There was no way to understand the financial drivers of the business. We initially had no …
Revenue Isn’t Everything
Revenue growth isn’t everything. For revenue is too simplistic a metric to track on its own. As a growing startup, if your sole focus is on rapidly scaling revenue at all costs, you may be …
Thinking in Quarters
As a leader, you need to think in quarters. Some believe you should always be firefighting, believing that this approach will ensure your company's survival. This mentality could not be further …
Measure to Improve
What’s not measured does not get improved. This is especially the case for rapidly growing startups; with scale comes extreme pressure on existing operations. For financial operations, that …
How to Choose the Right Accounting Software for Your Startup (Revised 2020)
Entrepreneurs and small business owners are plagued with a million questions. Where to start your business? How to incorporate it? How to pay employees? Which office to lease? And so much more…. At …
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Why Your NYC Startup Needs an Accountant (Revised 2020)
Over the past few years I have worked with companies of varying sizes and at different stages in the lifecycle of their business. All of these companies need some form of guidance or advice, more …
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Sample Software as a Service (SaaS) Chart of Accounts That Any Accountant Can Use
If your Software as a Service (SaaS) business is anything like the ones I have been a part of, they are a fast-moving and exciting business to be involved in. Unfortunately, this leaves many owners or …
Closing the Books: The Month End Close Accounting and Bookkeeping Checklist
What separates a successful business from a failing one? I get this question all the time from aspiring entrepreneurs and business owners that are working diligently to get to the next level. The …
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How to Record Cost of Goods Sold with Shopify (In Quickbooks or Other Accounting Software)
We have previously discussed the numerous ways to record Shopify sales, showcased here. What these blogs have not gone into much detail about was the recording of your Cost of Goods. This can be …