article thumbnail

When Is It Time For Your Startup To Stop Relying On In-House Accounting?

YoungUpstarts

Most small businesses use cash accounting because it’s the easiest way to track cash flow. Since transactions are recorded at payment, you can track your cash position without adjusting the dates for your bills or invoices. Review Your Accounting Tools. Choose Your Ideal Accounting Resource.

article thumbnail

How to Run a Productive Monthly Business Plan Review Meeting

Up and Running

But, here at Palo Alto Software, we’ve found one meeting that is simply indispensable. This meeting is our monthly plan review meeting. Instead, it’s an ongoing process where we are constantly reviewing our process and adjusting course as necessary while ensuring that we’re staying on track toward our larger goals.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Manage Cash Flow With Accurate Cash Flow Forecast

Up and Running

You need cash to pay your bills, purchase inventory, meet payroll, and generally keep your business running. Having a cash flow management system in place is a critical part of building a successful business. There are three parts of a successful cash flow management system that you need to know in order to build a healthy business.

article thumbnail

Create Structure out of the Gate and You’ll Thank Yourself Later

Feld Thoughts

His most recent company, Filtrbox, participated in the inaugural Techstars class (Techstars Boulder 2007) and was a win for all parties involved; Filtrbox was acquired in 2010 by Jive Software (NASDAQ: JIVE). They close on the $750k, hire a buddy or two, buy some Macs, and get to work. Three months in, the burn is now at $70k/month.

Burn Rate 152
article thumbnail

10 Things Every Small Business Needs To Do

Up and Running

Do you depend on supplies that vary in price due to market conditions (fuel for instance)? There are a series of “levers” in your business that will affect your cash position. It turns out when they dug into the business they had multiple product lines that were dragging down the profits due to terrible margins.

article thumbnail

Fog Creek Compensation

www.joelonsoftware.com

Joel on Software Fog Creek Compensation by Joel Spolsky Wednesday, August 30, 2000 At Fog Creek Software, the way we make sure that people are paid fairly and rewarded for excellent work is based on a professional ladder. So all Fog Creek software engineers are ranked at one of several different levels, level 8 through level 15.

article thumbnail

What to Look for in Equipment Hire Management Software

Women Entrepreneurs Can

One of the prime requirements for an equipment rental software is reliability, which is not as common among the equipment hire software providers as it should be. So, how do you find the right equipment hire management software for your company? Industry Specific Templates/Pre-Sets. Project Estimations.