Kruze consulting Blog

Accounting, Finance, HR and Tax for Startups

Backsolve Method for Company Valuations

Backsolve Method for Company Valuations
Posted on Fri, 11 December 2020 by Scott Orn

There are a number of approved methods that valuation firms use to create a 409A valuations. We’ll dig into one that is particularly important for startups - the Backsolve method.

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Startup Investor Update Template

Startup Investor Update Template
Posted on Mon, 7 December 2020 by Scott Orn

Every startup should be sending their investors an email update every month - an “investor update.”. And the earlier in the month, the better. It’s nice to have that conversation going with your investors so that they can help you when you need it.

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Startup Financial Planning

Startup Financial Planning
Posted on Tue, 1 December 2020 by Scott Orn

It is late in the year 2020, and we can all agree that it’s been a doozy year so far. Everyone will be probably cheering for the same hopes and wishes to have a much better 2021. It is also a time to get your startup’s financial plan together.

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Technical debt for accountants

Technical debt for accountants
Posted on Mon, 26 October 2020 by Scott Orn

A lot of startup founders know about technical debt. It basically means when you’re working fast you’re not going to architect everything perfectly.

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Webinar: Life Science Startups Can Lower Operating Costs During COVID-19

Webinar: Life Science Startups Can Lower Operating Costs During COVID-19
Posted on Mon, 19 October 2020 by Healy Jones, VP of Marketing

Our friends from TriNet have invited Kruze Consulting COO, Scott Orn, to host a roundtable to discuss end-of-year planning and outline the activities that life sciences companies need to consider while moving into 2021.

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PPP Loan Documentation and Forgiveness

PPP Loan Documentation and Forgiveness
Posted on Tue, 6 October 2020 by Healy Jones

Now that Paycheck Protection Program loans are finally flowing to our clients, what are the steps you need to take to make sure you get the maximum amount of loan forgiveness possible?

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What Securities do VCs use to Invest in Startups?

What Securities do VCs use to Invest in Startups?
Posted on Tue, 29 September 2020 by Scott Orn

In the United States, there are four types of securities that are typically used by venture capitalists to invest in Silicon Valley-style startups.

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Should your company reduce salaries when an employee moves to a lower cost geography?

Should your company reduce salaries when an employee moves to a lower cost geography?
Posted on Thu, 24 September 2020 by Scott Orn

Due to the sudden explosion of remote work, companies are quite commonly asking us if they should reduce the salaries of employees that move to a geography with a lower cost of living.

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Startup office leases and the COVID crisis

Startup office leases and the COVID crisis
Posted on Thu, 17 September 2020 by Scott Orn

Many startups are finding themselves in a tough situation due to the COVID crisis. And we see many of our early-stage companies cutting their office expenses as a way to reduce their burn rate. What should a startup do if it is in a really tough situation and wants to adjust its office lease?

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Double-entry vs Single-entry Bookkeeping

Double-entry vs Single-entry Bookkeeping
Posted on Wed, 26 August 2020 by Scott Orn

What is the difference between double-entry bookkeeping, and single-entry bookkeeping, and which is right for a funded startup or high-growth eCommerce company?

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What should I keep my company's accountant abreast of?

What should I keep my company's accountant abreast of?
Posted on Mon, 24 August 2020 by Vanessa Kruze

Nothing is worse than surprising your accountant with information that could’ve helped you avert a hefty tax fine or a last-minute crisis. We’ve put together a quick list of things you should tell your accountant ahead of time.

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Best Shopify Apps

Best Shopify Apps
Posted on Tue, 18 August 2020 by Scott Orn

We work and do the accounting for a TON of eCommerce companies, and have seen many different configurations of Shopify apps. Here is our list of the best apps for your Shopify software stack.

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Pre-Seed Funds

Pre-Seed Funds
Posted on Wed, 12 August 2020 by Scott Orn

It turns out that pre-seed funds are filling a really important niche in the market. These firms actually help increase the velocity of the earliest stages of venture capital. Greasing the wheels of Silicon Valley, in a way.

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Top three negatives that employees feel about their bosses

Top three negatives that employees feel about their bosses
Posted on Thu, 30 July 2020 by Scott Orn

As the COO of a people-driven services firm, I spend a lot of time thinking about our employees. We aren’t perfect here at Kruze, but I think we’ve taken a lot of very great steps in the past couple of years to make this a good place to work.

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Your startup is a giant sea monster

Your startup is a giant sea monster
Posted on Tue, 21 July 2020 by Jim Gellas

You’re a startup and the world of possibilities lies at your feet.  You’ve developed a product that can provide value to organizations across the globe.  You simply need to let the world know about you.

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