Common Accounting Mistakes & How to Fix Them

by Curt Mastio
on April 30, 2024

As a startup founder, accounting mistakes are probably the last thing on your mind.

Want to learn more? Read on.

Dive deeper into our insights on accounting, tax, and CFO topics for venture-backed technology startups in the blockchain, crypto, and SaaS industries.

A Startup Founder's Checklist for Dissolving a Business

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Dissolving a business, such as a corporation or LLC, can be challenging for startup founders. The emotions involved are difficult enough but the stress of the unknowns founders ...

Best Bill Pay Apps For Startups and Small Businesses

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John Koncar

Determining the best process for tracking and paying bills from vendors can be a challenging problem for many business owners, especially as the business grows and expands. By ...

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Cap Table Management Software Tools for Startups

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Jamey Marelli

Choosing the right cap table software is a crucial decision for startups, as it directly impacts equity management, compliance, and investor relations. With a myriad of options ...

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2024 Year-End Crypto Tax Planning: Updates and Important Changes

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The 2024 calendar year has brought with it major milestones and new regulatory considerations for cryptocurrency investors. Among those milestone events are Bitcoin surpassing ...

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Year in Review: Financial Reporting and Analysis

Accounting

Curt Mastio

Do you know how your business performed this past year? Savvy business owners know that year-end financial reporting and analysis present a perfect opportunity to reflect on the ...

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Building a scalable accounting function for startups

Accounting

In the early days of a startup, founders are focused on getting their product to market, achieving product-market fit, and growing as quickly as possible. As the business scales, ...

A startups guide to accounting for equity compensation under ASC 718

Accounting

Jamie Schiltz

Offering an appealing compensation package can be key to attracting the right talent for your business. This can be difficult for startups on a tight budget with little cash to ...

Jamie Schiltz

An Overview Of Accounting Ethics

Accounting

Curt Mastio

A financial accountant is in a unique position; they have access to the financial information of people or companies. With power comes responsibility, which leads to the ...

Curt Mastio

Some Of The Top Accounting Softwares For Small Businesses

Accounting

Curt Mastio

More companies, whether they’re small or large, are taking advantage of accounting software. However, not all accounting softwares for small business needs are the same.

Curt Mastio

QuickBooks Vs. Quicken: What's The Difference?

Accounting

Curt Mastio

Financial management tools such as Quicken or QuickBooks for accounting are two of the most widely recognized names across the globe.

Curt Mastio

What Is Cost Accounting? A Quick Guide

Accounting

Curt Mastio

Running a successful business requires overseeing many moving parts, one of the most important being its costs. This is where accounting for cost (commonly referred to as cost ...

Curt Mastio

The Basics Of QuickBooks And Help With QuickBooks Support

Accounting

Curt Mastio

The majority of accounting professionals are familiar with QuickBooks, a software aimed at helping small or medium-sized businesses handle and navigate their financial ...

Curt Mastio

What Are Accounts Receivable? Definition And Uses

Accounting

Curt Mastio

If you’re looking for the receivables accounting definition, you’re in the right place.

Curt Mastio

Controller vs CFO: What’s Right for Your Startup?

Accounting

Have you settled the controller vs. CFO debate for your startup? Both pivotal leadership positions help you steer your startup toward financial success.

Cash Basis Accounting vs. Accrual Accounting

Accounting

Curt Mastio

Running a business means dealing with bookkeeping and accounting. There are two ways of accounting: cash basis accounting and accrual accounting.

Curt Mastio

What to Consider Before Engaging a Cryptocurrency CPA

Crypto

Curt Mastio

From staking tokens to minting NFTs to arbitrage trading, there is no shortage of transaction types when it comes to cryptocurrency. What’s potentially even more confusing is that ...

Curt Mastio

Track and Improve Customer Retention Metrics

Accounting

Curt Mastio

Customer retention metrics sometimes go unnoticed, but they are crucial metrics that determine a company’s success. Businesses must track customer retention and identify trends to ...

Curt Mastio

The Importance of Bookkeeping for Startups

Accounting

Curt Mastio

For new startups and their founders, managing the accounting for their business can be an intimidating, and seemingly daunting task. Even some of the most basic aspects of ...

Curt Mastio

The Complete Guide to Startup CFO Services in 2021

CFO

Curt Mastio

Startup CFO services are growing in popularity, as founders lean on financial experts to provide a data-driven path to success.

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How to Evaluate Your SaaS Business Financial Model

CFO

Curt Mastio

A SaaS business financial model is different from a traditional business financial model. In a conventional business, you create a product with predictable revenue, costs per unit ...

Curt Mastio

Five Ways an Accounting Service Can Improve Your Small Business

Accounting

Curt Mastio

Whether you own a global Fortune 500 corporation or a small local retail store with three employees, your financial operations are at the very core of your business. Finance is ...

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CFO

What do Investors Want to see in your Pitch Deck?

Posted by Curt Mastio, April 30, 2024

How important is your pitch deck for funding?

Accounting,

CFO

What Happens if You Change from LLC to S Corp?

Posted by Curt Mastio, April 30, 2024

Are you considering a change from LLC to S Corp?

CFO

Startup Forecasting Best Practices

Posted by Curt Mastio, April 30, 2024

Forecasting best practices are cricital for startup success. It gives you a clear idea of where your financials are heading if you stay the course, if you change your strategy or if you come across a ...

CFO

Financial Modeling During Uncertainty

Posted by Curt Mastio, April 30, 2024

Financial modeling is crucial for businesses, especially when circumstances change.

CFO

How to Use Budget Variance to Achieve Goals

Posted by Curt Mastio, April 25, 2024

Creating a budget for your startup is a lot like mapping your route on a GPS before you set out on a road trip. Like a GPS, your budget provides some quick navigational data of your business.