Accounting

The 7 Leading Accounting Systems for Every Startup Stage

As the owner of a startup, you must juggle a lot to make your vision a reality and keep your business moving forward. To do that effectively, you need the right accounting system, and that includes optimized software, efficient workflows, and skilled talent. The best solution varies based on multiple factors including the size of your business, your business model and geographical considerations, to name a few. But the funding stage of your startup can also help you choose what kind of accoun...

7 Bookkeeping Hacks for Startups

Thanks to our friends at Bench for compiling these useful hacks to help startups. As an online bookkeeping service, Bench is a pro at helping startups and entrepreneurs streamline their financials. They've provided great service to a number of Stacklist startups and, in this guest blog, they share great advice with the broader Stacklist community. --Let’s face it: managing your startup’s books is a dry but essential task. While you’ll never...

5 tips to control your office space spend, lower your burn and impress investors

All businesses are fighting for the same goal: producing a return (financial or otherwise). That battle, of course, isn’t as simple as keeping costs low because you have to invest in your business in order for it to grow. So, what you end up focusing on — and what your investors (current and prospective) look for above all else — is a strong ratio between spend and return.At a very high level, your spend breaks out into two categories:$ spent to grow your business$ spent to ...

The Best Accounting Software for Early-stage Startups

Choosing which accounting software to use for your startup can be a daunting task. The first step to undertake before selecting a particular tool is to conduct a thorough needs assessment to understand both your financial and management needs. Some considerations to think about include what data your business needs to keep, what reports you need to generate (for IRS and tax purposes), if you have any industry-specific data that would require specialized modules (manufacturing, retail, and hea...