While the Net Burn rate is the “realistic” burn rate, it’s still very important to know your Gross Burn Rate. If you only know your Net Burn rate, you might be unaware of just how much cash you are burning through, and left in a bad situation if your revenue fluctuates.

punchfinancial.com

#accounting #finance #bookkeeping #cfo #cashflow #income #business #financetips #financeworld #smallbusiness #startup #accountingservices #accountinglife


Learn more about our essential checklist by visiting our website where you can find the article “Month End Close Checklist For Startup Accounting”

punchfinancial.com

#accounting #finance #bookkeeping #cfo #cashflow #income #business #financetips #financeworld #smallbusiness #startup #accountingservices #accountinglife


Automation accounting is super beneficial for startups, it can take your bookkeeping to the next level that just isn’t realistic when a human is doing the work.

punchfinancial.com

#accounting #finance #bookkeeping #cfo #cashflow #income #business #financetips #financeworld #smallbusiness #startup #accountingservices #accountinglife


We’ve been able to work with some amazingly successful companies!

punchfinancial.com

#accounting #finance #bookkeeping #cfo #cashflow #income #business #financetips #financeworld #smallbusiness #startup #accountingservices #accountinglife


So what exactly can an outsourced CFO do for your startup? A good CFO will give unique solutions and advice based on the needs of your startup, helping get it through to the next round of funding. It’s important to first understand what you don’t need a CFO for. Most startups in the process of seed funding can handle their basic transactions and record-keeping on their own. Any bookkeeper can manage this sort of work.

The difference between a bookkeeper and a CFO comes down to being reactive vs. being proactive. A bookkeeper’s role is to record all of your transactions for you. A CFO, on the other hand, can provide you with transformative strategic advice. And it’s never too early to begin financial strategizing.

punchfinancial.com

#accounting #finance #bookkeeping #cfo #cashflow #income #business #financetips #financeworld #smallbusiness #startup #accountingservices #accountinglife


The best way to help your kids become money smart is to start early in their life!

punchfinancial.com

#accounting #finance #bookkeeping #cfo #cashflow #income #business #financetips #financeworld #smallbusiness #startup #accountingservices #accountinglife


When comparing a balance sheet versus an income statement, it is important to consider that the balance sheet tells the story of a company’s assets, liabilities, and equity frozen at one stage in time, while the income statement reveals a company’s performance over a period of time, typically a month, quarter or year.


They can help you set up KPIs and key metrics to track as you’re working to execute on your business plans! If you as a business owner and not dividing the work properly, you’ll waste a lot of your valuable time trying to do smaller tasks that your team can do.

punchfinancial.com

#accounting #finance #bookkeeping #cfo #cashflow #income #business #financetips #financeworld #smallbusiness #startup #accountingservices #accountinglife


We hope the start of your week has already been productive! Remember that your mind is a powerful tool and is the sole reason you can achieve, or not achieve your goals.

punchfinancial.com

#accounting #finance #bookkeeping #cfo #cashflow #income #business #financetips #financeworld #smallbusiness #startup #accountingservices #accountinglife


Now that you have decided to start a company, the first decision you will make as an entrepreneur is the form of business entity to select. As a practical matter, you have three likely choices: a C corporation, an S corporation, and an LLC. Unfortunately, there is no one size fits all solution or a single right answer. The answer to which type of entity to choose is it depends.

As background, all three types of entities, if properly formed and maintained, will provide a measure of liability protection so that if the business fails, you will not have personal…

Frank Mastronuzzi

Founding Partner @punchfinancial, VP Business Development @GreenoughGroup, CFO, MBA, SF-Based, consummate optimist, proud zio, proud daddy of Luca, the Wheaten

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