Give a month. Help another founder grow. Get paid. We’re officially rolling out the new myPocketCFO Referral Program — and we’d love your help spreading the word. If you know a founder who’s feeling stretched on cash flow, juggling messy books, or just wants more clarity around their numbers, send them our way. Here’s how…
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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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