Our Engineering team has a great term called Technical Debt, which is the accumulation of coding shortcuts and operational inefficiencies over the years in the name of getting product out the door faster that weighs on the company’s code base like debt weighs on a balance sheet.  The Value of Paying Down Technical Debt. Wow. . MORE >>

We got a chance to look deep into the company's balance sheet and see exactly how it managed its cash flow over the past five years. The company now boasts millions of dollars in revenue, and more than 30 petabytes of managed storage in its data centers. The tale offers insights for all kinds of entrepreneuers. MORE >>

Dick and Jane had limited formal business accounting experience, but they both knew how to balance a checkbook. Tie the P&L forecast to the Balance Sheet and Cash Flow Statement and generate snapshots of what the Financial Statements will look like each year for the next 5 years. Create as a C-Corp  in Delaware. MORE >>

A serious issue arises when the “salary not taken” shows up as deferred compensation on the company’s balance sheet or rears its head in discussions with potential funders. It also makes for a messy balance sheet. I think the most important point here is actually expectation management. Doubtful. MORE >>

Your accounting system produces an Income statement (alias Profit or Loss), a Balance Sheet, and a Cash Flow statement.  It helps with decisions, tracking progress, and managing change. Accounting is also for information and management, of course, but there are legal obligations related to taxes. Why do you care? MORE >>