Tag

accounting

Hire a VP Finance Sooner Rather Than Later

The post is aimed at CEOs of startups who have at least 15 employees. If you don’t have a VP Finance on your team reporting to you, do yourself, your team, and your investors a favor and go hire one right now. While it’s trendy to outsource your accounting to a third party, once you…

Revenue vs. Income

Put this in the pet peeve rant category. I’m tired of “Revenue” being referred to as “Income.” Yes – I know Quickbooks defaults to “Income.” I know it’s technically correct when referring to “Income accounts” in a company’s “Chart of Accounts.” But it’s confusing, and it baffles me. I spent a few minutes tonight trying…