Accounting Resources

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 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 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 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 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?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 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...

Startup R&D Tax Credits: Don't Jump the Gun on Your TaxesUpdated for 2022 Startups across the U.S. are all prepping to file their 2022 taxes. If you’re getting a headstart on tax prep, hear us out…don’t file yet! But, why? Isn’t it smart to get ahead if you can?...

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...

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...

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 2022 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 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 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?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?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...

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...

Growth at all cost strategies aren’t working for startups. Here’s what is (and always has).November 9th, 2019The NY Times recently published a great article about the aftermath of the WeWork IPO fiasco. For as long as I’ve been in the VC/startup community (since...

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...

Revenue Forecast & Financial Projections for Startups How to project financials for a startupBy ffVC Financial Analyst Harry O’SullivanJust FYI, you can download Graphite's free financial model template HERE. Originally published in ffVC's Point of View series:...