If you’re a startup, chances are at some point your investors have asked you to provide “Audited GAAP Financials” for your next fundraising event. However, few investors truly understand the cost and time involved in providing Audited GAAP Financials.
As a startup founder, you may be wondering if and how you can be eligible for the second round of the Payment Protection Program, or PPP2 loan. Some founders have even come to me asking the question, “can my startup change its accounting method to be eligible for the PPP2 loans?”.
Today I'm answering the question: how do startups collect accounts receivable checks when their offices are closed due to covid?
It’s tax season once again and for seed stage startup founders, there’s a lot to know. At Kruze Consulting, our tax experts work with early stage companies through all stages of the tax process. Here are the most commonly asked questions we get from founders.
Let’s dive into the advantages of a remote bookkeeper.
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.
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?
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.
Kruze Consulting is a leading alternative to ScaleFactor. Our team assists hundreds of high-growth companies with their books, taxes and provides CFO level support. Learn more now.
Founders have a few different options for paying their contractors - we’ve seen everything from check (pretty standard) to Venmo (maybe not the best idea). But two of the most popular cloud solutions for paying contractors are Bill.com and Gusto.
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.
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.
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.
Vanessa Kruze recently penned two guest posts on some respected accounting and HR websites, AccountingToday and HR Technologist. If you didn’t catch them, here’s more about these posts
Venture-backed, early-stage companies should use accrual accounting - I won’t get into the detail here as to why, but if your goal is to raise serious VC funding or get acquired by a public technology company (or eventually have an IPO), you need accrual-based accounting.
The Kruze team is getting together this week for networking, training and 2020 planning.
We are pleased to be growing fast - almost as fast as our best startup clients! We’ve recently been recognized as a fast-growing company by several prestigious publications in the US and the Bay Area.
Kruze Consulting is 100% focused on helping seed and venture funded Delaware C-Corps with their accounting needs.
From our perch as accountants to almost 200 venture-funded startups, we may be seeing some signs of a coming economic slowdown. Here is our advice on what startup founders should do to prepare for a recession.
1099s are a pain - somewhat mindless paperwork every startup needs to send to their contractors and many vendors like law firms.
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.
409A’s are outside valuations performed to help startups determine the strike price of their employees' options.
Kruze Consulting’s Jim Gellas, VP of Finance, was recently interviewed on Procurify’s Spend Culture Stories podcast.
Kruze consulting has quite the client list when it comes to Enterprise SaaS startups.
Hey, it’s springtime for a little spring cleaning! It’s a great moment to give your startup’s cash flow a little dusting. Here are some easy tips you can use to try to reduce your company’s burn.
Every day we’re approached by a prospective client who’s interested in working with us. After hearing their story and telling them ours, it is time to get them a quote.
We’ve compiled detailed job descriptions for startups’ finance and accounting teams, based on our experience managing the growth of our startups’ accounting and finance functions.
Netsuite is an ERP (Enterprise Resource Planning) tool. It manages your accounting, reporting, supply chain, procurement, and much more.
Kruze Consulting offers NIH (National Institutes of Health), NSF (National Science Foundation) and SBIR (Small Business Innovation Research) accounting services as part of our ongoing accounting to seed and venture-funded startups.
Kruze Consulting clients have raised over $200 million of venture capital in the past 12 months. We regularly help outstanding startups prepare their books, accounting systems and projections for the next fund raise. Here are 3 tips that will help reduce the risk of an accounting error slowing down your next fund raise.
Trucks Venture Capital funds the entrepreneurs building the future of transportation.
Super Fast Business is a business resource designed to help you as an online business owner make more while working less.
Growing companies is what they do. From early stage to IPO and beyond.
A PR agency specializing in launching startups, growing lean organizations and crowdfunding campaigns.
Sequoia is the service partner for people-first companies.
For the first time in history, now the majority of the US population can invest in tech startups.
The Ranchod Law Group is an immigration law firm in Sacramento California that provides a complete range of immigration law services for individuals and employers throughout the United States and worldwide.
Hitch Partners is a retained search consulting firm that partners with technology companies on mission-critical leadership roles focused on security.
Issue stock today and manage all your equity in one place without getting bogged down in spreadsheets and paperwork.
Bridge Bank was founded in the highly competitive climate of Silicon Valley in 2001, and continues to provide a full suite of professional business banking services.
They are building the future of employee recognition, rewards, and reviews. Bonusly integrates seamlessly with your organization's HR and communication tools.
Creating Magically Simple Business Payments.
UrbanSitter helps you find Babysitters, Nannies, and Child-Care.
Pana combines mobile app technology and virtual travel assistants to make travel easy.
Hugo is the smartest place for your team’s meeting notes, and we can guarantee that it is because we have been happily using it at Kruze Consulting with amazing results.
Fleetsmith is the new Cloud Based Mac Management Software that will change the way you work.
Emburse's virtual cards and expense management system is truly amazing for keeping expenses within your company well organized and controlled.
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.
The first thing they're going to ask for is your historical financials.
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?
There are really five things. First of which, you do need three years worth of projections.
We typically recommend Bill.com, but they don't do the international.
There are really three main reasons why you absolutely want to be using Bill.com.
At Kruze Consulting, we get tons of questions about venture debt. Should a startup take it? Is it good for the startup?
We're mainly referring to investor abandonment and venture debt term sheets.
We help venture back startups with everything from accounting, finance, tax, and HR. One of the biggest questions that we get from our new founders is what systems they should set up.
At Kruze Consulting, we get tons of questions about the difference between bookings and revenue.
How much can your startup save in payroll taxes?
Estimate your R&D tax credit using our free calculator.
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