In a recent Foodbevy Startup to Scale podcast episode, host Jordan Buckner sat down with our CEO Alice Zhang to discuss a question many founders are asking: Can AI handle your bookkeeping? The conversation offered practical insights into what's possible today and what's coming tomorrow. The Reality of AI in Financial Management Today Alice shares…
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B.T.R. NATION is a woman-owned California-based snack company that has been in business for 3.5 years. With just 2 full-time employees, this dynamic startup is dedicated to providing healthier snack options. Despite its small size, this powerhouse CPG business has made significant strides in the food and beverage industry. Customer Challenges In September 2021, BTR…
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As hands-on business owners and leaders, managing cash and financing while scaling your brand is a constant hurdle. With long production cycles, intricate supply chains, and tight margins, cash flow issues can quickly threaten your business's viability. However, with the right strategies and financing options, you can turn these obstacles into opportunities for growth and…
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The basic financial statements There are three basic financial statements: the BalanceSheet, Income Statement (often referred to as Profit & Loss or P&L) and the Cash Flow Statement. If you are putting together a financial statement model for your business, this is the output referred to as the “three statement model.” Balance Sheet The balance…
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Cash flow management is one of the most critical areas of financial planning for startups as they are often lightly capitalized and do not have access to the capital that larger businesses can tap for working capital needs, capital expenditures, and investments. We have outlined the best practices for cash forecasting, how to evaluate your…
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Understanding the differences between cash and accrual-based accounting seems like a daunting task for many small business owners. However, after learning the core concepts of what constitutes accrual accounting, understanding how your business transactions flow through the various accounts and ultimately how your financial statements reflect the underlying nature of your business becomes rather intuitive…
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