Do Series A startups need a CFO?
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.
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