How to Effectively Manage Cash at Your Startup
Cash management plays a pivotal role in the success of startups and early-phase businesses, especially in today’s economy. During the early stages of the business, startups often face a period of negative cash flow. A survey by CB Insights found that it takes an average of about 3.8 years for startups to become profitable. […]
Key Accounting Considerations for Consumer Packaged Goods (CPG) Companies
Consumer Packaged Goods (CPG) companies have unique accounting considerations due to the nature of their business. CPG companies typically have high volumes of transactions, which can make accounting challenging. These companies also face a high degree of competition and must manage their costs carefully to maintain profitability. In this article, we will discuss some of […]
Accounting for HVAC – Part 3 – The Balance Sheet
In the third and final installment of our Accounting for HVAC series, we will review the Balance Sheet and touch on key areas business owners should monitor on a consistent basis. Overall, the Balance Sheet for an HVAC company will be relatively straight-forward. Cash/AR/Undeposited Funds will likely account for the largest balances, with trucks/vans/vehicles and […]
