More posts on "Finance" Tag

How should a startup account for its first revenue?

How should a startup account for its first revenue?
Posted on Fri, 8 December 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, discusses how a startup should account for its first revenue (and ongoing revenue) before looking for more!

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What should you do if your startup’s valuation is too high?

What should you do if your startup’s valuation is too high?
Posted on Sun, 19 November 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

After the booming startup market of the last few years, the valuation of many startups has gotten too high.

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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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Startup Financial Planning

Startup Financial Planning
Posted on Fri, 1 September 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, provides a 9 step guide to creating a financial plan for your startup, given the current financial climate.

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When Should My Startup Do Budget VS Actuals?

When Should My Startup Do Budget VS Actuals?
Posted on Thu, 24 August 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Learn what budget vs actuals is, when you should do it and why it is crucial for the long-term success of your startup business.

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Startup Investor Update Template

Startup Investor Update Template
Posted on Thu, 24 August 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, discusses the importance of giving your startup's investor updates and his preferred startup investor update template.

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FDIC insurance for startup funds

FDIC insurance for startup funds
Posted on Thu, 3 August 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

In the wake of the SVB crisis, startup founders with millions of dollars in VC funding are looking for FDIC coverage over $250,000. Here is how to try to get it.

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Know your zero cash date

Know your zero cash date
Posted on Thu, 27 July 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Scott Orn, Kruze Consulting's COO, shares everything you need to know about your startups' zero cash date and how to calculate it with your burn rate.

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How Do Venture Capitalists Make Decisions?

How Do Venture Capitalists Make Decisions?
Posted on Wed, 5 July 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Everything you need to about how venture capitalists make decisions and who has the most decision making authority, by Kruze Consulting's COO Scott Orn.

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What do Fractional Startup CFOs Cost?

What do Fractional Startup CFOs Cost?
Posted on Tue, 20 June 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze's COO, Scott Orn's, guide to the cost of fractional startup CFOs and how their billing structure works to ensure you receive the service you pay for.

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Is your startup default alive or default dead?

Is your startup default alive or default dead?
Posted on Sun, 21 May 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Paul Graham, the entrepreneur that founded the startup incubator Y Combinator, asks a very famous question when he meets a founder: “Is your startup default alive or default dead?” Let’s look at what that means. 

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Brex vs American Express - Which credit card is best for startups?

Brex vs American Express -  Which credit card is best for startups?
Posted on Fri, 28 April 2023 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Kruze Consulting's VP of FP&A, Healy Jones, explains the differences between the Brex corporate card and American Express and which one is best for startups.

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Checklist for moving bank accounts

Checklist for moving bank accounts
Posted on Sat, 11 March 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Moving bank accounts has more moving parts that you'd think. Here is a checklist to help.

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Airbase Review by a CPA Firm

Airbase Review by a CPA Firm
Posted on Wed, 8 February 2023 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Airbase is a leader for expense management tools in the startup world, and provide pre-funded cards for fast growing startups.

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Brex vs Ramp - Which card is best for startups?

Brex vs Ramp -  Which card is best for startups?
Posted on Thu, 24 November 2022 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Our CPA team compares Brex and Ramp. Which offers the best card for startups? We look at points, expense management features and more.

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Who Appoints a Startup’s CFO?

Who Appoints a Startup’s CFO?
Posted on Sun, 20 November 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

When you consider hiring a CFO for a startup, you may also want to think about the other people who will help make that decision.

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Don’t store cash in payments accounts

Don’t store cash in payments accounts
Posted on Sun, 23 October 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting’s COO, Scott Orn, breaks down the reasons why startups should not keep their cash in savings accounts and what to do instead.

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What is the Minimum Angel Check to Get Pro-Rata Rights

What is the Minimum Angel Check to Get Pro-Rata Rights
Posted on Sun, 7 August 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Sometimes, founders will just give everyone who participates in the early rounds pro-rata rights.

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Do startup boards have flexibility in setting the strike price for options?

Do startup boards have flexibility in setting the strike price for options?
Posted on Tue, 17 May 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

It’s a common question: Does the startup board have any flexibility when it comes to setting the strike price for options?

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Refund Accounting for Startup

Refund Accounting for Startup
Posted on Tue, 26 April 2022 by b8e9a313-a30e-4a16-8a3a-10c78098ad1a

Refunding customers is a necessary part of doing business for almost every early-stage company, especially for ecommerce or direct-to-consumer startups.

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What is the Bessemer Cloud Index?

What is the Bessemer Cloud Index?
Posted on Sun, 17 April 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

The Bessemer Cloud Index was created in 2013 by Bessemer Venture Partners, this is a guide to what the Bessemer Cloud Index tracks and how it works.

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Why do startups need to break down their revenue by state?

Why do startups need to break down their revenue by state?
Posted on Sun, 3 April 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

The short answer here is that your startup accountant needs to know your revenue by state to properly handle your taxes. So let’s look at why that’s the case.

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How do you reconcile your startup’s cap table?

How do you reconcile your startup’s cap table?
Posted on Sun, 27 March 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

This is an important task for startups, because they're raising a lot of money, sometimes millions or even tens of millions of dollars.

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Accounting for PPP loans

Accounting for PPP loans
Posted on Sun, 20 March 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

The Paycheck Protection Program was created to provide startups and other small businesses with funds to support their operations during the COVID-19 pandemic.

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How should you handle petty cash at your startup?

How should you handle petty cash at your startup?
Posted on Mon, 28 February 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Petty cash is a term for a small amount of cash kept on hand at your startup to handle small expenses, like tipping a delivery driver or buying lunch.

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Distributing advisor shares for your startup

Distributing advisor shares for your startup
Posted on Sun, 13 February 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, discusses everything you need to know about distributing advisor shares and the different types of advisors at startup.

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Startup Fintech’s Biggest Battle Ground

Startup Fintech’s Biggest Battle Ground
Posted on Sun, 6 February 2022 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Expense Management tools are the frontier of startup credit card competition.

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Top tip to close a seed round

Top tip to close a seed round
Posted on Sun, 30 January 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, gives his number one top tip on how to close a seed round for founders looking for funding at startup.

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Startup trend: Replacing expense reports with credit cards

Startup trend: Replacing expense reports with credit cards
Posted on Mon, 17 January 2022 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

A growing number of startups are using corporate credit cards to better manage their business expenses.

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Using bond ladders for startup cash management

Using bond ladders for startup cash management
Posted on Sun, 26 December 2021 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, discusses everything you need to know about using bond ladders for good cash management at your startup.

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Why don’t startups use SBA loans?

Why don’t startups use SBA loans?
Posted on Mon, 22 November 2021 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, answers the question 'Why don’t startups use SBA loans?' and suggests other sources of debt capital.

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5 Ways to Collect Cash Upfront from Customers

5 Ways to Collect Cash Upfront from Customers
Posted on Sun, 11 July 2021 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, explains 5 ways you can collect cash upfront from customers, a crucial factor in the success of a startup.

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What happens to my personal taxes if my employer switches to a PEO mid-year?

What happens to my personal taxes if my employer switches to a PEO mid-year?
Posted on Mon, 21 June 2021 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, answers the question of 'What happens to my personal taxes if my employer switches to a PEO mid-year?'.

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Financing a Startup

Financing a Startup
Posted on Sun, 6 June 2021 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Financing a Startup - 8 most common sources of startup financing.

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Which States Are Taxing PPP Loan Forgiveness?

Which States Are Taxing PPP Loan Forgiveness?
Posted on Mon, 19 April 2021 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, discusses the Paycheck Protection Program for startups and which states are taxing PPP loan forgiveness.

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Startup PPP Loan Statistics

Startup PPP Loan Statistics
Posted on Sat, 20 March 2021 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

We recently compared revenue trends amongst 400 early-stage startups that took a Payment Protection Program (PPP) loan last year to startups that did not.

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How does a secondary transaction get reported on ASC 718 Stock Option Expense?

How does a secondary transaction get reported on ASC 718 Stock Option Expense?
Posted on Wed, 10 March 2021 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

The quick answer is that a secondary transaction should not impact your ASC 718 reporting. However, going forward, It potentially can impact your 409a.

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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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What is a Secondary Stock Transaction?

What is a Secondary Stock Transaction?
Posted on Wed, 3 March 2021 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting COO, Scott Orn, explains everything you need to know about secondary stock transactions and why VC firms are buying founder shares.

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Brex vs Stripe - Which card is best for startups?

Brex vs Stripe -  Which card is best for startups?
Posted on Wed, 17 February 2021 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Our CPA team compares Brex and Stripe's card. Which offers the best card for startups? We look at points, expense management features and more.

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Can my startup retroactively apply for PPP 1?

Can my startup retroactively apply for PPP 1?
Posted on Thu, 11 February 2021 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, answers the question 'Can my startup retroactively apply for PPP 1?' and looks at startups that will and won't be eligible.

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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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Is the recent COVID stimulus package passed by the federal government available to seed and venture capital-backed startups?

Is the recent COVID stimulus package passed by the federal government available to seed and venture capital-backed startups?
Posted on Mon, 28 December 2020 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, provides a breakdown of how the COVID stimulus bill (CARES Act) will help seed and venture funded 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 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, answers the question 'Should your company reduce salaries when an employee moves to a lower cost geography?'.

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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 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, presents a guide to adjusting your startups office lease when your startup is in a crisis situation, such as COVID-19.

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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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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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How do you calculate the True Cost of a startup employee?

How do you calculate the True Cost of a startup employee?
Posted on Wed, 27 May 2020 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

The first hire for a startup is an exciting time! When a startup goes beyond the founders and has employees, the business can start to feel “real.”

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Fintech Equity & Debt Staircase

Fintech Equity & Debt Staircase
Posted on Tue, 28 April 2020 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Kruze Consulting's VP of FP&A, Healy Jones, explains the meaning of Fintech Equity & Debt Staircase and why Fintech companies raise capital.

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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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SBA Crisis loans may work for startups - plus alternative funding sources

SBA Crisis loans may work for startups - plus alternative funding sources
Posted on Tue, 24 March 2020 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Read Kruze Consulting's recent newsletter about the SBA Crisis loans and how they may work for startups, as well as alternative funding sources.

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What the Plaid acquisition by Visa means for startup bookkeepers

What the Plaid acquisition by Visa means for startup bookkeepers
Posted on Tue, 3 March 2020 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

A breakdown of Visa's Plaid acquisition and what this could mean for startup bookkeepers, particularly those who use technology to automate their process.

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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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Using milestones to gate your burn rate

Using milestones to gate your burn rate
Posted on Tue, 1 October 2019 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Kruze Consulting's VP of FP&A, Healy Jones, gives advice on using milestones to gate your startup's burn rate to help you manage your cash-out dates.

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How working capital can impact a startup's cash flow

How working capital can impact a startup's cash flow
Posted on Tue, 27 August 2019 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

In the early days of a startup, projecting cash flow is relatively simple, because it’s a one-way street.

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6 Tips for Setting Up Startup Financial Systems

6 Tips for Setting Up Startup Financial Systems
Posted on Thu, 22 August 2019 by 1683f59d-e8a8-4ffe-b7b9-16f2aad2ab0b

Vanessa Kruze, CPA, gives six tips on how to set up startup financial systems, including online service provider recommendations i.e QuickBooks.

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Venture Debt Market to Grow to $10 Billion in 2019

Venture Debt Market to Grow to $10 Billion in 2019
Posted on Tue, 20 August 2019 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Venture debt experts, Kruze Consulting, recently released a study that surveyed venture debt firms and bankers representing over 85% of the venture debt market.

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Event - Managing Departmental Budgets for Fast Growth Startups

Event - Managing Departmental Budgets for Fast Growth Startups
Posted on Thu, 15 August 2019 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Kruze Consulting and Procurify are pleased to present an event for San Francisco startups, Managing Departmental Budgets for Fast Growth Startups.

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Do Startups Need a DCF for a venture capital round?

Do Startups Need a DCF for a venture capital round?
Posted on Sun, 4 August 2019 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Kruze Consulting's VP of FP&A, Healy Jones, answers the question 'Do Startups need a Discounted Cash Flow Valuation (DCF) for a venture capital round?'.

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Free Resource for Startups Raising Venture Capital

Free Resource for Startups Raising Venture Capital
Posted on Tue, 19 March 2019 by 4d886ec3-5690-47fc-b77c-d1f3754b1a35

Kruze Consulting has compiled the ultimate Finance, Tax and HR Due Diligence Checklist, free for Startups to download and use in their fundraising efforts.

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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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Featured Service - FloQast

Featured Service - FloQast
Posted on Tue, 23 October 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

FloQast is a software exclusively designed for accountants to close books faster and more accurately.

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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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What Does a Good Startup CFO Do?

What Does a Good Startup CFO Do?
Posted on Tue, 25 September 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

The first thing a CFO does for startups is to manage the financial reporting. That means making sure the books are closed and closed correctly every month.

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Featured Service - AVRA Talent

Featured Service - AVRA Talent
Posted on Mon, 27 August 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

AVRA Talent, previously known as Recruit, partners with startups and growing firms to help fill non-technical talent.

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Dangers of Venture Debt

Dangers of Venture Debt
Posted on Fri, 10 August 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, on the dangers of venture debt and how to lower the risk of things going wrong when using venture debt for your startup.

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Venture Lending Common Events of Default

Venture Lending Common Events of Default
Posted on Wed, 8 August 2018 by 3c9a7185-6493-4274-94b4-bfd36ff4820d

Kruze Consulting's COO, Scott Orn, presents a guide to venture lending and the common events of default that you can encounter in venture debt.

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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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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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