Accounting

Read Our Latest Whitepaper on Accounting and Outsourcing!!

August 10, 2016

tempCFO is very excited to announce the release of our latest whitepaper, Accounting Infrastructure & Outsourcing!! Drawing upon the extensive experience of our senior controllers and our firm’s expertise gained from nearly 20 years in the sector the paper covers essential accounting practices and recommendations on outsourcing for startups and ventures. The paper also includes our unique flowchart tool to help companies select the best in class accounting platform based on company scale, growth rate and financing raised.

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Accounting

The Value of An Audit

August 02, 2016

Most companies will, at some point, need to go through an audit. This may be driven by merger with or acquisition by a larger or public company, a company going public itself, or just with capital infusion from an institutional investor who requires audited financials. Audits may sound painful, and they can be, but they offer substantial value to companies and their leadership.
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Accounting

Why Having Accurate Financials Is Important

August 02, 2016

Entrepreneurs often wonder if preparing financial statements is a necessary activity or an indulgence they can postpone to a later time. However, each of the three components of financial statements serves a critical purpose in communicating the financial status of a business: the income statement details the profitability of the business, the balance sheet indicates the business’s net worth, and the cash flow statements describe how cash is generated and used.Read More