accounting Archives | Simple Startup

10 Ways to Elevate Your Business with Sophisticated Accounting Management

Successful businesses recognize that accounting is more than crunching numbers and generating financial statements. Sophisticated accounting management enables small and midsize businesses (SMBs) to elevate their profile, revenue, and operations, driving the business forward and accelerating growth. But what does sophisticated accounting management involve and how can it take your business to the next…

A New Brand, a New Website, and a Renewed Focus on Fractional CFO Services That Accelerate Your Goals

Simple Startup was founded to help growth-minded businesses like yours simplify finances, understand the story your data is telling you, and make smart, informed decisions. We deliver on that commitment every day through the work we do for small and midsize businesses (SMBs) across many industries—from consumer packaged goods (CPG), like food and beverage,…

Understanding Your Income Statement

In the second installment of our financial statement series where we address the balance sheet, income statement, and cash flow statement and the inter-relationship between the three statements, we’re talking about income statements. What is an Income Statement? An income statement, alongside your balance sheet and cash flow statement, gives you a good idea…

How to Handle Customer Deductions and Chargebacks

What are Chargeback, Trade Spending, and Deduction Fees? One of the potential profit drains for consumer packaged goods (CPG) companies are the trade spending and deduction fees that tend to come with selling their products. They usually stem from working with wholesale distributors, like leading US distributors KeHE and UNFI, and can be tricky…

Understanding Your Balance Sheet

What is a Balance Sheet? This blog posts kicks off a new series on financial statements, namely the balance sheet, the income statement, and the cash flow statement. We will also dig further into the interrelationship between the three statements, but first let’s start with part one, balance sheets. A company’s balance sheet or…

Do You Need a Bookkeeper or an Accountant?

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…

7 Reasons to Hire an Outsourced Accounting Service

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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