Accounting Resources

Accounting Resources, Tips, & Advice for Startups

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Financial Projections for Startups: Guide + Template

Financial Projections for Startups: Guide + Template

As the name implies, a financial projection is a prediction of a startup's performance over a certain period. Good forecasts will predict growth and allow founders and operators to plan their business (headcount, budgets, etc) around that growth. This article...

Fractional CFO for Startups: Everything You Need to Know

Fractional CFO for Startups: Everything You Need to Know

A fractional CFO performs many of the same roles and duties as an in-house CFO, except that they serve as part-time CFOs and typically work with multiple companies. Fractional CFO roles are commonly filled by external firms who act as an extension of your internal...

Outsourced Bookkeeping Services: Everything You Need to Know

Outsourced Bookkeeping Services: Everything You Need to Know

To outsource or bring bookkeeping in-house? It's a dilemma for many business owners, especially small businesses or startups. But you might be surprised to learn that more companies are outsourcing these duties - and there are many reasons why. In this post, we'll...

Outsourced Controller Services

Outsourced Controller Services

A controller is another term for lead accountant. The main role of a controller is to oversee all of the accounting processes and activities and ensure accuracy with money that’s moved both in and out of a company. Controllers also play a role in decision-making and...

SaaS Accounting: The Ultimate Guide

SaaS Accounting: The Ultimate Guide

All companies need accounting and financial management, but you might be surprised to learn that the practice of accounting isn’t a one-size-fits-all method for every business. And one type of business that conventional accounting measures definitely don’t translate...

CPA for Startups: Finding the Best Fit

CPA for Startups: Finding the Best Fit

  Cash is king. Any business needs cash flow to pay their staff, pay their bills, cover overhead costs and, ideally, profit and grow. But you could say that cash is even more key for a startup business. It’s their lifeblood, and managing this key resource is...

Accounting for Startups: Understanding the Basics and Beyond

Accounting for Startups: Understanding the Basics and Beyond

If you’re running any type of business, you already know the importance of cash flow. But ensuring that your finances are in order is perhaps all the more important for a young, emerging startup business. Startup businesses need to be certain they have a solid...

CFO Services for Startups: The Key to Scaling Successfully

CFO Services for Startups: The Key to Scaling Successfully

Ready to launch your new business but worried you don’t have the financial knowledge to do so successfully? If this is the case, then it may be time to look into CFO services tailored for startups. These services are a vital solution to the complex financial...

Data and Dating: Charm More Buyers as Part of Your Exit Strategy

Data and Dating: Charm More Buyers as Part of Your Exit Strategy

Data and Dating: Charm More Buyers as Part of Your Exit StrategyWhen you’re courting potential buyers for your startup as part of your exit strategy, from initial conversations to sealing the deal with a term sheet, it can feel a lot like dating. You (or in this case,...

The Startup Guide to Navigating the Delaware Franchise Tax

The Startup Guide to Navigating the Delaware Franchise Tax

The Startup Guide to Navigating the Delaware Franchise TaxMany startups are registered in Delaware due to its business-friendly laws, but that doesn't mean that everything is smooth sailing. There are a handful of state-specific policies you must adhere to, the most...

The Best Startup Accounting Software for SaaS Startups

The Best Startup Accounting Software for SaaS Startups

The Best Startup Accounting Software for SaaS StartupsAs a SaaS organization, you’re leading the charge in technological innovation. A dedication to being at the forefront of technology is likely an integral part of the DNA of your startup. But this dedication to...

Embracing Self-Reliance and Profitability in 2024

Embracing Self-Reliance and Profitability in 2024

Embracing Self-Reliance and Profitability in 2024Neo: What are you trying to tell me? That I can raise a big up round in 2024? Morpheus: No, Neo. I'm trying to tell you that when you're ready, you won't have to. Fellow Founders & Operators - I hope that you've had...

Leverage AI R&D Tax Credits to Accelerate Your Startup

Leverage AI R&D Tax Credits to Accelerate Your Startup

Leverage AI R&D Tax Credits to Accelerate Your StartupIt’s safe to say that 2023 was the year of artificial intelligence. Over 75% of companies were using or exploring the use of AI this year.  Many of our SaaS clients specifically have begun to fully grasp the...

How to Create a Better Chart of Accounts (Free Excel Template)

How to Create a Better Chart of Accounts (Free Excel Template)

How to Create a Better Chart of Accounts (Free Excel Template)Can you make your way through a maze without a map—or with an extremely rudimentary one? Sure, you can. But if you have one that is clearer and more detailed, getting to the end of the maze is going to be a...

Realign With Your Startup’s North Star in 2024

Realign With Your Startup’s North Star in 2024

Realign With Your Startup's North Star in 2024As we head into a new year, many startups are ready to execute a fresh strategic plan. For some early-stage startups, that may mean refining or reevaluating foundational brand messaging pieces like the mission statement or...

Announcing Graphite’s New Tax Compliance Services for Startups

Announcing Graphite’s New Tax Compliance Services for Startups

Announcing Graphite's New Tax Compliance Services for StartupsWhen you’re caught up in the grind of getting your startup off the ground, taxes are often the last thing on your mind—particularly if you’re not yet profitable. However, avoiding your taxes comes with...

Which Metrics Should You Include in Your Investor Reporting?

Which Metrics Should You Include in Your Investor Reporting?

Which Metrics Should You Include in Your Investor Reporting?Startup founders are thrown immediately into the deep end when it comes to investor expectations. Investors are sophisticated financial sleuths and founders have vision and deep expertise in their field, but...

AI in Finance: A Tool or a Replacement?

AI in Finance: A Tool or a Replacement?

AI in Finance: A Tool or a Replacement?AI technologies have had a banner year in 2023. ChatGPT burst onto the market in full force at the beginning of the year, kicking off a string of high-profile AI debuts. With so much hype around this new and intriguing...

Use This Simple R&D Tax Credit Calculator to Estimate Your Credit

Use This Simple R&D Tax Credit Calculator to Estimate Your Credit

Use This Simple R&D Tax Calculator to Estimate Your CreditWhen you’re leading a lean, high-growth startup, it's critical to take advantage of every tax credit available to you. These tax credits are basically a bonus for your organization that you can reallocate...

Is Your Month-End Hectic? Here’s a Month-End Close Checklist

Is Your Month-End Hectic? Here’s a Month-End Close Checklist

Is Your Month-End Hectic? Here's a Month-End Close ChecklistA reliable month-end close checklist acts like a cheat sheet to ensure your entire accounting process is airtight. It creates a structured workflow that you can refer to so that you make sure no financial...

How Do I Vet a Top Startup Accounting Firm?

How Do I Vet a Top Startup Accounting Firm?

How Do I Vet a Top Startup Accounting Firm?The search for a top startup accounting firm is often intimidating. A quick Google search query will yield an overwhelming list of service providers claiming to be the financial partner for startups.  When browsing through...

Does Your CPG Startup Have a Good Grasp of Unit Economics?

Does Your CPG Startup Have a Good Grasp of Unit Economics?

Does Your CPG Startup Have a Good Grasp of Unit Economics?As a CPG startup founder, it’s easy to get swept up in your investors’ financial expectations. Investors will ask a founder for a variety of complex reports and metrics to evaluate your organization’s...

4 Unique Things to Look For in a Startup Accounting Firm

4 Unique Things to Look For in a Startup Accounting Firm

4 Unique Things to Look For in a Startup Accounting FirmWhen people think of startup success stories, they often picture all the exciting, energetic work on the frontlines—investors, pitch decks, prototypes, and relationship-building. What’s often neglected in this...

How to Create a Financial Dashboard That Cuts Through the Noise

How to Create a Financial Dashboard That Cuts Through the Noise

How to Create a Financial Dashoard That Cuts Through the Noise How long would it take to pull together every financial metric that matters onto a single page for either investors or internal decision-makers?  If you’re like most startups, this is tricky. Data sits in...

Tell Your Startup’s Story Through Financial Data

Tell Your Startup’s Story Through Financial Data

Tell Your Startup’s Story Through Financial DataSomeone tells you to think about your startup’s finances. Pictures of numbers, math, and data points are probably the first things to come to mind. But these concrete details are just one aspect of finance.  All of these...

Unit Economics Mean Nothing if You Don’t Look at the Big Picture

Unit Economics Mean Nothing if You Don’t Look at the Big Picture

Unit Economics Mean Nothing if You Don’t Look at the Big Picture If you’re running a startup, chances are that you’ve heard that you need strong unit economics. But how much does this buzzy keyword actually matter for your business?  There’s been so much hype around...

Achieve GAAP Compliance by Avoiding These Missteps and Violations

Achieve GAAP Compliance by Avoiding These Missteps and Violations

Achieve GAAP Compliance by Avoiding These Missteps and ViolationsThe gold standard for accounting methods in the United States is GAAP (Generally Accepted Accounting Principles). GAAP is more than just a set of best practices, though.  These standards are set by the...

What to Expect During an Annual Financial Audit

What to Expect During an Annual Financial Audit

What to Expect During an Annual Financial AuditWhen you think of an annual financial audit, images of an intimidating team of suits going through boxes and boxes of your organization’s records, looking for inconsistencies and mistakes, may fill your mind.  Even though...

Financial Modeling Best Practices for CPG Startups

Financial Modeling Best Practices for CPG Startups

Financial Modeling Best Practices for CPG Startups2021 was a banner year for CPG entrepreneurs. It felt like startups were successfully fundraising left and right, with plenty of upward momentum in the industry and optimism about the future.  Flash forward two years,...

LTV and CAC: Two Staple Metrics in Your eCommerce Growth Strategy

LTV and CAC: Two Staple Metrics in Your eCommerce Growth Strategy

LTV and CAC: Two Staple Metrics in Your eCommerce Growth Strategy Today’s eCommerce space is more competitive than ever, and keeping up with rapidly changing consumer expectations is a massive challenge. It’s estimated that there are currently 12 to 24 million...

FASB Guidelines Are Clearing up Crypto Accounting Uncertainty

FASB Guidelines Are Clearing up Crypto Accounting Uncertainty

FASB Guideline are Clearing up Crypto Accounting Uncertainty The crypto frenzy is changing how organizations around the world operate. Over 15,000 global businesses accept Bitcoin as currency now, and there are over 22,000 cryptocurrencies on the market today.  While...

Is it Time to Call in a Fractional CFO?

Is it Time to Call in a Fractional CFO?

Is it Time to Call in a Fractional CFO?Consider this situation: Your car is making a funny noise and not driving right. You can open the hood, watch hours of YouTube videos, and try to fix it yourself…but it's likely not going to be pleasant, and it’s very unlikely...

5 Ways to Recession-Proof Your Finances as a Startup

5 Ways to Recession-Proof Your Finances as a Startup

How to Recession-Proof Your Finances as a Startup Financial uncertainty is looming in today’s market, leaving many startups worried about the possibility of a recession, slow growth, and fewer fundraising dollars.  Recessions always hit early-stage companies hardest...

Should You Outsource These Mission-Critical CFO Services?

Should You Outsource These Mission-Critical CFO Services?

Should You Outsource These Mission-Critical CFO Services?Hiring a full-time CFO is a significant investment, and for many growing startups, it’s not financially feasible. However, your organization needs to have a strong grasp of its finances and savvy finance...

Why You Need a 13-Week Cash Flow Forecast

Why You Need a 13-Week Cash Flow Forecast

Why You Need a 13-Week Cash Flow ForecastAs a fast-growing startup, being able to track and accurately predict your cash flow is the linchpin of a sustainable and profitable business strategy. A 13-week cash flow forecast gives you a detailed look at projected inflows...

What is the Ideal Cash Burn Rate? Finance Experts Weigh In

What is the Ideal Cash Burn Rate? Finance Experts Weigh In

What is the Ideal Cash Burn Rate? Financial Experts Weigh InAs a startup, understanding and tracking cash burn is crucial to your long-term success. A cash burn rate is the rate at which organizations spend their cash reserves. Managing your burn rate wisely helps you...

How To Take Control of Your Startup’s Cash Burn and Grow Faster

How To Take Control of Your Startup’s Cash Burn and Grow Faster

How To Take Control of Your Startup's Cash Burn and Grow FasterOnly a small portion of startups eventually become successful. It’s estimated that 90% of total startups fail, with 38% of startups failing because they’ve run out of money. Your cash burn rate is one of...

9 Tech Stack Must-Haves for CPG Startups

9 Tech Stack Must-Haves for CPG Startups

9 Tech Stack Must-Haves for CPG StartupsSean Bies & Donny Trya - Directors at GraphiteAlso posted on Startup CPGAs a growing CPG (consumer packaged goods) startup, you need tools that help you maximize efficiency and set you up for success as you scale and your...

How Do You Negotiate a VC Term Sheet?

How Do You Negotiate a VC Term Sheet?

How Do You Negotiate a VC Term Sheet? Updated 2023Receiving a term sheet from a venture capital firm is a major step towards scaling your startup. Negotiating these terms is all about striking a careful balance between founder and investor interests. The goal is to...

What ASC 606 Means for Your Revenue Recognition Process

What ASC 606 Means for Your Revenue Recognition Process

What ASC 606 Means for Your Revenue Recognition Process One of the core considerations of a SaaS organization’s financial processes is revenue recognition. And with the accounting standards surrounding this topic shifting from time to time, it’s important to stay...

Why You Shouldn’t Neglect Your Month End Close Process

Why You Shouldn’t Neglect Your Month End Close Process

Why You Shouldn’t Neglect Your Month End Close ProcessThe month end close process is key to keeping your finances reconciled and accurate. A smooth and efficient process ensures your finances are ready to be used for managerial decision-making (the map to steer your...

How to Select the Right Crypto Accounting Software

How to Select the Right Crypto Accounting Software

How to Select the Best Crypto Accounting SoftwareCrypto is no longer limited to big-name tokens like Bitcoin and Ethereum. And it’s slowly creeping its way into the mainstream. Organizations around the world are using a variety of crypto and Web3 technologies to make...

Navigating Startup Fundraising in 2023

Navigating Startup Fundraising in 2023

Navigating Startup Fundraising in 2023Updated 2023During the Venture Capital boom from 2014 to 2021, the startup ecosystem was on a perpetual bull run. This left firms with virtually unlimited funding resources and a shortage of venture-backable businesses. Startups...

How to Raise Capital for Startups in 6 Savvy Steps

How to Raise Capital for Startups in 6 Savvy Steps

How to Raise Capital for Your Startup in 6 Savvy StepsUpdated 2023Transforming an incredible idea into a profitable, scalable business is every founder’s dream. It can be a daunting process, though. Getting your idea off the ground and into a globally accepted brand...

Is Your Startup Actually Ready for Venture Capital? 

Is Your Startup Actually Ready for Venture Capital? 

Is Your Startup Actually Ready for Venture Capital?Updated 2023VC funding is a highly attractive route to pursue as a startup looking to scale your operations.  It can give your venture the runway it needs to scale and also outpace any competition. However, venture...

Here’s How You Avoid Bad SaaS Financial Modeling In 2023

Here’s How You Avoid Bad SaaS Financial Modeling In 2023

Here’s How You Avoid Bad SaaS Financial Modeling in 2023Updated 2023In my nearly ten years of experience in the VC industry, I've seen many SaaS founders with bad financial models. These models are either unable to tie assumptions to real-life data or just too...

What is the R&D Tax Credit?

What is the R&D Tax Credit?

Startup R&D Tax Credits: What You Need to KnowUpdated for 2024 Startups across the U.S. are all prepping to file their 2023 taxes. If you’re getting a headstart on tax prep, hear us out…don’t file yet! Why? Well, if your startup had less than $5M in gross receipts...

How to apply for a R&D Tax Credit

How to apply for a R&D Tax Credit

How to Apply for a R&D Tax Credit?A quick guide for startups to determine if you qualify for a R&D Tax Credit, and how to apply!If you’re hoping to apply for a research and development payroll tax credit, the process can be a little daunting. That’s why the...

How to apply for a R&D Tax Credit

Do You Qualify for a R&D Tax Credit?

Do You Qualify for a R&D Tax Credit?A quick guide for startups on R&D tax credits, and how to qualify.Updated for 2022 For many start-up founders, strong research and development is the difference between success and failure.  If that sounds like you, we’ve...

How to apply for a R&D Tax Credit

What is the R&D Tax Credit?

What is a R&D Tax Credit?A quick guide for startups to understand what a R&D tax credit is, and how to qualify.Updated for 2024 Research and development are essential in the world of startups—how else will you discover and perfect the thing that makes your...

A Founder’s Guide to Startup Accounting

A Founder’s Guide to Startup Accounting

A Founder's Guide to Startup AccountingCheck out our rundown of the nine pillars of essential accounting software every growing startup needs to have.Updated for 2022 When you’re a founder or operator of an early-stage startup, you’re expected to know absolutely...

How to Build a SaaS Focused Financial Model

How to Build a SaaS Focused Financial Model

How to Build a SaaS Focused Financial ModelA how to guide on building a SaaS focused financial model to use for fundraising, growth and scaling your startup.Updated 2022Read below or follow along to our video workshop here. Some call it a budget. Some call it a...

What is Web3?

What is Web3?

What is Web3?A breakdown of Web3, Cryptocurrency, & Decentralized Finance. We'll discuss what these terms all mean, how they impact your business.Updated 2022What is Cryptocurrency? A popular buzzword today…you may have heard it referred to as “Crypto'',...

Do You Need A Fractional CFO?

Do You Need A Fractional CFO?

Do You Need A Fractional CFO?Here's a checklist and explanation to help you decide whether your business needs a fractional CFO or CFO servicesUpdated 2022In this article, we will discuss what a fractional CFO is, is a fractional CFO worth it, and how much a...

Setting up your 2022 budget – December 8, 2021 – Past Events

Setting up your 2022 budget – December 8, 2021 – Past Events

How to Create Your Annual Operating BudgetHow to create a yearly operating budget for your startup Calling all founding teams...As the current year comes to an end, it’s time to start creating your annual operating budget, especially if you’re a growing startup....

SaaS Financial Modeling Workshop – 20 July, 2021

SaaS Financial Modeling Workshop – 20 July, 2021

SaaS Financial Model WorkshopHow to Build a SaaS Financial Model (With Template) View the workshopA solid SaaS financial model has many benefits. It can act as the map to help you steer your SaaS startup towards success. It allows you to plan for the future and scale...

Financial Model Workshop – April 2021

Financial Model Workshop – April 2021

How to Build & Make a Financial Model for a VC Backed Startup View the workshopA solid startup financial model has many benefits. It can act as the map to help you steer your startup towards success. It allows you to plan for the future and scale your business more...

SaaS Revenue Recognition: What to Know

SaaS Revenue Recognition: What to Know

SaaS Revenue Recognition & ASC 606 for Startups Cash vs. accrual accounting, revenue recognition, and ASC 606Updated 2022In this article, we will discuss SaaS revenue recognition, cash accounting vs. accrual accounting, ASC 606, and why revenue recognition matters...

A Data-Driven Approach to Investing in Sales People

A Data-Driven Approach to Investing in Sales People

A Data-Driven Sales Approach & Strategy to Hiring SalespeopleBy Harry O’Sullivan & Paul Bianco of ffVC’s due diligence & finance teamJust FYI, you can download Graphite’s free financial model template HERE. Originally published in ffVC's Point of View series: Earlier...

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