More posts on "accounting" Tag

What Are Capital Expenditures for Startups?

What Are Capital Expenditures for Startups?
Posted on Sun, 18 February 2024 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Capital expenditures, otherwise known as CAPEX, are mentioned in startup board meetings all the time. It’s definitely a fundamental term to understand when dealing with startup accounting.

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Are Term Sheets Legally Binding?

Are Term Sheets Legally Binding?
Posted on Sun, 4 February 2024 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Term sheets can be a little bit of a gray area in the venture capital/startup world since certain elements, such as the confidentiality agreement, are legally binding.

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Warrant Coverage Venture Loans

Warrant Coverage Venture Loans
Posted on Tue, 19 December 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

The rationale for a warrant coverage or a little bit of equity upside for the lender is that they're taking a lot of risk here.

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A Guide to Tax Returns for Seed-Stage Startups

A Guide to Tax Returns for Seed-Stage Startups
Posted on Thu, 23 November 2023 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

The ultimate tax season guide for startups, by the leading tax CPA to startups. Kruze has filed thousands of tax returns; we answer the top tax questions.

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Unified Accounting and Tax

Unified Accounting and Tax
Posted on Sun, 15 October 2023 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Why Startups Choose Kruze for Unified Accounting and Tax.

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Bookings vs Revenue vs ARR

Bookings vs Revenue vs ARR
Posted on Thu, 12 October 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

At Kruze Consulting, we get tons of questions about the difference between bookings, ARR and revenue.

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How long can you access your QuickBooks Online account after closing it?

How long can you access your QuickBooks Online account after closing it?
Posted on Sun, 11 June 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

There are a number of reasons why you or someone else at your startup might need to look at your QuickBooks account after you cancel it, so you should understand how long you have to get any information you need.

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What is Customer Acquisition Cost (CAC)?

What is Customer Acquisition Cost (CAC)?
Posted on Sun, 4 June 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Customer acquisition cost (CAC) is a fundamental metric to know in startup accounting. Customer acquisition cost is the amount you pay to add a single customer to your business.

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Three Things Startups Need After Registering for New York State Payroll

Three Things Startups Need After Registering for New York State Payroll
Posted on Sun, 16 April 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

If you’re hiring employees in New York State, you’re going to need to register your startup in that state.

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Is Your Accountant Giving You QuickBooks Access?

Is Your Accountant Giving You QuickBooks Access?
Posted on Sun, 9 April 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

We often encounter a problem with new startup clients: Those clients haven’t been given access to QuickBooks by their previous accountant.

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11 Reasons Why a Company May Receive a Payroll Tax Notice

11 Reasons Why a Company May Receive a Payroll Tax Notice
Posted on Wed, 29 March 2023 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

Payroll tax notices from states or the IRS can be confusing and scary for a startup. Often founders don’t know rules around payroll taxes and can pay an employee incorrectly.

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How Should Bookkeepers Account For Legal Retainers?

How Should Bookkeepers Account For Legal Retainers?
Posted on Wed, 11 January 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

This is a question we are often asked and it is a good one. However, before answering it, let’s first dive into how a legal retainer works.

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Is it better for startups to pay a vendor via a check or credit card?

Is it better for startups to pay a vendor via a check or credit card?
Posted on Wed, 4 January 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

We get this question a lot; should a startup pay vendors via a check or credit card? Now, for the startup, it's always easier to pay via credit card.

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How an account aging report can help revenue generating startups

How an account aging report can help revenue generating startups
Posted on Sat, 10 December 2022 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

An account aging report is a tool that revenue generating startups can use to manage and track their accounts receivable.

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Cooking the Books: What Every Accountant Should Know About Fraud

Cooking the Books: What Every Accountant Should Know About Fraud
Posted on Sun, 6 November 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

A guide to Cooking the Books. What every accountant should know about fraud and how to avoid it at your startup, by Kruze's COO Scott Orn.

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Building Success

Building Success
Posted on Thu, 15 September 2022 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

Kruze Consulting named one of the best accounting firms to work for in 2022.

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Why Hire a Remote Bookkeeper

Why Hire a Remote Bookkeeper
Posted on Fri, 21 January 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Let’s dive into the advantages of a remote bookkeeper.

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Accounting for startup financing from Pipe

Accounting for startup financing from Pipe
Posted on Sun, 7 November 2021 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, discusses everything you need to know about accounting for startup financing from Pipe.com, a new lending marketplace.

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How Much Do Accountants Charge Startups or Small Businesses?

How Much Do Accountants Charge Startups or Small Businesses?
Posted on Tue, 1 June 2021 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

Vanessa Kruze, CPA, answers the question 'how much do accountants charge startups or small businesses?' and what is their price plan dependent on.

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Compilation vs Review vs Audit

Compilation vs Review vs Audit
Posted on Sun, 7 March 2021 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

Vannessa Kruze, CPA, explains the difference between compilation, review & audit when it comes to providing your startup's 'Audited GAAP Financials'.

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Can my startup change its accounting method to be eligible for PPP2 loans?

Can my startup change its accounting method to be eligible for PPP2 loans?
Posted on Tue, 2 March 2021 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, explains if and how your startup can be eligible for the second round of the Payment Protection Program, or PPP2 loan.

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How to collect your Accounts Receivable Checks When Your Office is Closed Due To Covid

How to collect your Accounts Receivable Checks When Your Office is Closed Due To Covid
Posted on Tue, 9 February 2021 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Today I'm answering the question: how do startups collect accounts receivable checks when their offices are closed due to covid?

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Technical debt for accountants

Technical debt for accountants
Posted on Mon, 26 October 2020 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

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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Double-entry vs Single-entry Bookkeeping

Double-entry vs Single-entry Bookkeeping
Posted on Wed, 26 August 2020 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

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 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

Vanessa Kruze, CPA, explains the five key things that you should keep your accountant up to date about every month, to avoid wasting time and money.

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Leading ScaleFactor Alternative

Leading ScaleFactor Alternative
Posted on Tue, 23 June 2020 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Kruze Consulting is a leading alternative to ScaleFactor. We provide monthly books, tax support and filings & CFO level advice to 100s of startups!

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Bill.com vs Gusto for paying contractors

Bill.com vs Gusto for paying contractors
Posted on Wed, 10 June 2020 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, discusses Bill.com versus Gusto, the two most popular options used by startups for paying their contractors

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Webinar: SMB loans during COVID

Webinar: SMB loans during COVID
Posted on Sun, 19 April 2020 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Vice President FP&A, Healy Jones, will be joining this new Procurify’s webinar on All You Need To Know For Small Business Loans.

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Two recent Kruze guest posts

Two recent Kruze guest posts
Posted on Tue, 10 March 2020 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Read two guests posts written by Kruze Consulting's CEO, Vanessa Kruze, for the respected accounting and HR websites, AccountingToday and HR Technologist.

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Working Capital 101 for Startups

Working Capital 101 for Startups
Posted on Tue, 21 January 2020 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Kruze Consulting's VP of FP&A, Healy Jones, presents a 101 guide to everything you need to know about working capital for startup businesses.

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2019 Kruze Training Offsite

2019 Kruze Training Offsite
Posted on Tue, 17 December 2019 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

The Kruze team is getting together this week for networking, training and 2020 planning.

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Kruze Consulting recognized as one of the fastest-growing companies

Kruze Consulting recognized as one of the fastest-growing companies
Posted on Wed, 4 December 2019 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Learn about why Kruze Consulting has been recognized as a fast-growing company by several prestigious publications in the US and the Bay Area.

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How to Pick an Accountant for a Venture-Backed Delaware C-Corp

How to Pick an Accountant for a Venture-Backed Delaware C-Corp
Posted on Mon, 18 November 2019 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Kruze Consulting is 100% focused on helping seed and venture funded Delaware C-Corps with their accounting needs.

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If this is the tech recession, what can you do about it?

If this is the tech recession, what can you do about it?
Posted on Tue, 22 October 2019 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Kruze Consulting's VP of FP&A, Healy Jones, breakdowns the signs of an impending tech recession and how your startup can prepare if a recession occurs.

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10 Reasons Why Startups Can’t Use Their Payroll Provider for 1099s

10 Reasons Why Startups Can’t Use Their Payroll Provider for 1099s
Posted on Tue, 24 September 2019 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

1099s are a pain - somewhat mindless paperwork every startup needs to send to their contractors and many vendors like law firms.

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ASC 842: Lease Accounting and Lease Capitalization

ASC 842: Lease Accounting and Lease Capitalization
Posted on Fri, 30 August 2019 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

There’s a new rule in town that venture-funded startups need to know about - and consider following if they want to remain GAAP compliant.

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Can a convertible note decrease your 409A valuation?

Can a convertible note decrease your 409A valuation?
Posted on Mon, 29 July 2019 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

409A’s are outside valuations performed to help startups determine the strike price of their employees' options.

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Spring Cleaning Cash Flow Management Tips for Startups

Spring Cleaning Cash Flow Management Tips for Startups
Posted on Tue, 14 May 2019 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Kruze Consulting's VP of FP&A, Healy Jones, gives three top tips on how to spring clean your startup's cash flow management to help reduce your burn rate.

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Bad Bookkeeping: The Top 10 Ways your Financials are Messed Up

Bad Bookkeeping: The Top 10 Ways your Financials are Messed Up
Posted on Thu, 14 February 2019 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

Vanessa Kruze, CPA, discusses bad bookkeeping, the top 10 ways your startup's financials are messed up and what you should do to correct them.

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Startup Finance and Accounting Job Descriptions

Startup Finance and Accounting Job Descriptions
Posted on Mon, 3 December 2018 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Kruze Consulting has compiled detailed job descriptions for startups' finance and accounting teams, based on our experience managing the growth of our startups.

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Does my Startup need Netsuite? 5 Signs that your Startup is Ready for Netsuite

Does my Startup need Netsuite? 5 Signs that your Startup is Ready for Netsuite
Posted on Mon, 22 October 2018 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

Netsuite is an ERP (Enterprise Resource Planning) tool.  It manages your accounting, reporting, supply chain, procurement, and much more.

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NIH NSF SBIR Accounting Services

NIH NSF SBIR Accounting Services
Posted on Mon, 24 September 2018 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Learn about the NIH (National Institutes of Health), NSF (National Science Foundation) and SBIR (Small Business Innovation Research) services that Kruze offers.

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3 Accounting tips for companies about to raise venture capital

3 Accounting tips for companies about to raise venture capital
Posted on Tue, 15 May 2018 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

Vannessa Kruze, CPA, gives 3 accounting tips for companies about to raise venture capital - having helped clients raise over $200 million of venture capital.

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Featured Service - Trucks Venture Capital

Featured Service - Trucks Venture Capital
Posted on Fri, 26 January 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Trucks Venture Capital funds the entrepreneurs building the future of transportation.

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Featured Service - Square 1 Bank

Featured Service - Square 1 Bank
Posted on Fri, 26 January 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Growing companies is what they do. From early stage to IPO and beyond.

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Featured Service - Sequoia

Featured Service - Sequoia
Posted on Fri, 26 January 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Sequoia is the service partner for people-first companies.

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Featured Service - Republic.co

Featured Service - Republic.co
Posted on Fri, 26 January 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

For the first time in history, now the majority of the US population can invest in tech startups.

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Featured Service - Ranchod Law Group

Featured Service - Ranchod Law Group
Posted on Fri, 26 January 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, gives an overview of Featured Service The Ranchod Law Group, an immigration law firm in Sacramento California.

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Featured Service - Hitch Partners

Featured Service - Hitch Partners
Posted on Fri, 26 January 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Hitch Partners is a retained search consulting firm that partners with technology companies on mission-critical leadership roles focused on security.

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Featured Service - Capshare

Featured Service - Capshare
Posted on Fri, 26 January 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Issue stock today and manage all your equity in one place without getting bogged down in spreadsheets and paperwork.

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Featured Service - Bridge Bank

Featured Service - Bridge Bank
Posted on Fri, 26 January 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Bridge Bank was founded in the highly competitive climate of Silicon Valley in 2001, and still provides a full suite of professional business banking services.

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Featured Service - Bonusly

Featured Service - Bonusly
Posted on Fri, 26 January 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

They are building the future of employee recognition, rewards, and reviews. Bonusly integrates seamlessly with your organization's HR and communication tools.

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Featured Service - Bill.com

Featured Service - Bill.com
Posted on Fri, 26 January 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Creating Magically Simple Business Payments.

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Featured Service - UrbanSitter

Featured Service - UrbanSitter
Posted on Fri, 8 December 2017 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

UrbanSitter helps you find Babysitters, Nannies, and Child-Care.

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Featured Service - Hugo

Featured Service - Hugo
Posted on Fri, 8 December 2017 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting Feature Service Hugo is the smartest place for your team’s meeting notes, something we guarantee from personal experience with great results.

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Featured Service - Fleetsmith

Featured Service - Fleetsmith
Posted on Fri, 8 December 2017 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Fleetsmith is the new Cloud Based Mac Management Software that will change the way you work.

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Featured Service - Emburse

Featured Service - Emburse
Posted on Fri, 8 December 2017 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Emburse's virtual cards and expense management system is truly amazing for keeping expenses within your company well organized and controlled.

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What Startup's Accounts on the Balance Sheet Need to be Reconciled

What Startup's Accounts on the Balance Sheet Need to be Reconciled
Posted on Tue, 14 November 2017 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

The punch line here is that every single account on the balance sheet needs to be reconciled, not just the bank and the credit cards.

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Startup's Due Diligence Information Venture Lenders Ask For

Startup's Due Diligence Information Venture Lenders Ask For
Posted on Tue, 14 November 2017 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

The first thing they're going to ask for is your historical financials.

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IRS Audits and Startups

IRS Audits and Startups
Posted on Tue, 14 November 2017 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

What can I do to make sure that I am prepared for an IRS audit? Ultimately, how can I make sure that I don't get it to an IRS audit situation?

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Best Systems for Paying your Startup's International Contractors

Best Systems for Paying your Startup's International Contractors
Posted on Tue, 14 November 2017 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

We typically recommend Bill.com, but they don't do the international.

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Why Should Startups Use Bill.com

Why Should Startups Use Bill.com
Posted on Thu, 9 November 2017 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

There are really three main reasons why you absolutely want to be using Bill.com.

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Why Do Startups Take Venture Debt?

Why Do Startups Take Venture Debt?
Posted on Thu, 9 November 2017 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

At Kruze Consulting, we get tons of questions about venture debt. Should a startup take it? Is it good for the startup?

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Investor Abandonment Clause on Venture Debt

Investor Abandonment Clause on Venture Debt
Posted on Thu, 9 November 2017 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

We're mainly referring to investor abandonment and venture debt term sheets.

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What Startup Systems to Set Up First?

What Startup Systems to Set Up First?
Posted on Wed, 25 October 2017 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

Vanessa Kruze, Kruze Consulting's CEO, discusses the vital online systems and programmes that startups should set up when they first start the company.

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