Simple Startup Blog

See the financial issues being discussed in our most recent blog posts.

Accounting

Tracking Prepaid Expenses in the Name of Profitability

Teri Scott, CPA
October 8, 2020

Diving Deep on Prepaid Expenses We’ve talked about it many times before, in our blogs on Understanding Accrued Expenses and Do You Need a Bookkeeper or an Accountant?, to name a few instances, and we’re going to talk about it again before we get to our main discussion of prepaid expenses. And that is…

Accounting, Controller, Finance

Do You Need a Controller or a CFO?

Teri Scott, CPA
September 1, 2020

Controller Vs. Chief Financial Officer Just like a company’s financial strategies evolve at every stage of growth, its requirements for financial oversight and controls evolve as well. We’ve already touched on what you can expect from a bookkeeper vs. an accountant and an accountant vs. a controller, so today we’re looking at what you…

Accounting, Controller

Do You Need an Accountant or a Controller?

Teri Scott, CPA
July 30, 2020

Accountant vs. Controller We recently addressed how to know if you need a bookkeeper or an accountant, but to quickly recap the differences between the two, it all boils down to cash accounting vs. accrual accounting. To quote our blog: Where bookkeeping helps a business owner stay organized, accounting takes these transactional records a…

Accounting

Understanding Accrued Expenses

Teri Scott, CPA
July 8, 2020

The Thing About Cash Versus Accrual Accounting We can’t address how accrued expenses fit into the bigger picture of your business, without an explanation of cash versus accrual accounting methods. For a deep dive into accounting methods, refer to our article on “Do You Need a Bookkeeper or an Accountant?,” but here’s our quick…

Accounting, Finance, Metrics

How to Develop a Company Culture Centered on Metric-Based Decisions

Lorne Noble
June 10, 2020

Instilling a Penchant for Metrics Among Your Team In a recent article we touched on metrics 101, so you already know metrics are a huge part of Simple Startup’s daily focus (as it should be – we’re an accounting firm)! But the question for many founders who care deeply about their businesses is, “How…

Accounting

Do You Need a Bookkeeper or an Accountant?

Teri Scott, CPA
June 3, 2020

The Difference Between Bookkeepers and Accountants Helping you do right by your business is important to us, which is why we feel strongly about clarifying the differences between bookkeepers and accountants and helping you choose accordingly. In this article, we’ll dive into the three main differences between bookkeepers and accountants which are: Accountants will…

Accounting

7 Reasons to Hire an Outsourced Accounting Service

Teri Scott, CPA
May 5, 2020

Using an Outsourced Accounting Service as a Tool for Business Growth While hiring an accounting service may seem like an added expense, it’s one that is not only worth it for your sanity (buh bye stress!), but it can be used as a tool for scaling your small business and strengthening your company. Here…