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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…

Finance

3 Reasons to Build a Financial Model

Lorne Noble
June 29, 2020

Why is Financial Modeling Important to Startups? Starting up a business is EXCITING! If you’ve ever started a business, or plan to do so, pat yourself on the back because you’ve got gumption. Startup entrepreneurs have so much passion for developing their products and using them to change the world for the better! It…

Finance, Metrics

Financial Liquidity is King

Lorne Noble
June 22, 2020

What is Financial Liquidity? In part two of our series on company metrics, we’re talking about liquidity (find part one here). 1818 brought the first use of the term liquidity, in the financial sense of the word, to the business world, meaning capable of being converted into cash. This terminology likely came from the…

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…

Finance, Metrics

Intro to Metrics & 4 KPI Rules to Live By

Lorne Noble
May 28, 2020

Know Your Numbers, Know Your Business Entrepreneurs are an ambitious subset of our population. They’re able to take crazy-awesome, world changing ideas and turn them into feasible business models. Which is so cool! But vision and drive can only go so far – this is where KPIs can save the day. KPIs are like…

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…

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