The Moment Jessica Mah Swapped Being Stubborn for Savvy

November 20, 2015 | Posted by Rebecca Wilson

In this hilarious video from The Next Web, our CEO and co-founder, Jessica Mah, talks about how she stopped being so stubborn and thinking she had all the answers.

In the first iteration of inDinero, we had amazing growth, flattering publicity, and tens of thousands of customers using our simple app. 

But the business model was shaky.

Four Myths About Outsourced Accounting You Should Forget Right Now

November 19, 2015 | Posted by Meg Aul to Taxes, Accounting

After talking with hundreds of small business owners, I’ve noticed a few patterns:

  • Entrepreneurs are excited to talk about their companies—they want to tell me what they do, the problems they’re solving, how they’re unique. I hear the energy in their voices!
  • Entrepreneurs are not excited to talk about bookkeeping (which is usually why we’re talking in the first place!). Their voices shift. They are bored.

This isn’t surprising. We know that bookkeeping, accounting, and tax filing are the most disliked aspects of running a business. So it seems like the vast majority of small business owners would be rushing to outsource their accounting.

But even though they hate it, some people still resist.

When You Shouldn't Feel Bad About Firing Your Bookkeeper

November 16, 2015 | Posted by Julie Parker to Accounting, Business Advice

While hiring a bookkeeper has traditionally been a right of passage for growing companies, businesses expect more than someone who just pays the bills and reconciles transactions at the end of the month. After all, financial insights are essential for making smart business decisions.

But firing someone is rarely easy and it’s never fun, unless you’re a sociopath.

Even when an employee isn’t performing to expectation, firing that person is awkward and uncomfortable. Which is exactly how I’ve felt when business owners have asked me how to go about delivering that bad news to their bookkeeper.

To be clear, we’re not in the businesses of taking people’s jobs; after all, we’re constantly hiring bookkeepers internally to meet demand. Many business owners come to us because they are not getting what they need from their current bookkeepers. 

What Investors Really Want to See for a Series A Funding Round

November 12, 2015 | Posted by Alyssa Payne to inDinero Academy, Business Advice

As someone who spends all day, every day, listening to entrepreneurs share the challenges they face, I’ve learned a few things: Every business may be unique, but business owners have a lot in common.

Lately, I’ve been hearing a lot of anxiety from founders of SaaS companies and other rapidly growing startups as they approach their series A fundraising round.

The Internet is full of great advice for approaching a series A funding round. Most of them emphasize a few basic points:

Feature Update: Streamlined Business Operations for Small Companies

November 10, 2015 | Posted by Amy Wolfenberger to Accounting, inDinero Product Updates

We launched an all-new, all-different interface in September complete with five new or updated features to help businesses improve their operations. It’s been fun to see which ones our clients have found most useful!

Jessica Mah: How to Manage People (Without Making Them Hate You)

November 06, 2015 | Posted by Rebecca Wilson to inSide inDinero, Business Advice

When our co-founder and CEO, Jessica Mah, started inDinero, it was not only her first time managing a team, it was also her first job. 

Hiring an Outsourced Accounting Provider is Easier Than You Think

November 04, 2015 | Posted by Ian Seniff to Accounting, Business Advice

In my conversations with entrepreneurs, I’ve heard many reasons for why businesses decide to outsource accounting. Small teams reach a point where doing it themselves becomes too time consuming, or QuickBooks gets frustrating as the business gets more complex. Larger companies stretch the limits of their current bookkeeper’s bandwidth or find that having a controller or CPA and their outside resources get too expensive.

Every business owner is motivated by the goal to run a more efficient business.

inDinero + WeWork Transform Business Operations for PDX Entrepreneurs

November 03, 2015 | Posted by Rebecca Wilson to Business Advice, Business

The first-time entrepreneurs I talk to are very smart and generally enthusiastic and upbeat. But one thing I’ve learned from them is that starting a business can be isolating: long hours, endless decisions surrounding business operations, the weight of the world on your shoulders.

Jessica Mah, our co-founder and CEO, has experienced these operational—and existential—challenges first hand. Helping small businesses succeed in spite of them is one of the key reasons that inspired her to create inDinero.

Spotlight on Watsi—and Transparency Through Outsourced Accounting

November 02, 2015 | Posted by Rebecca Wilson to Customer Spotlight

Several years ago, Chase Adam was just a Peace Corps volunteer riding a bus through an area of Costa Rica known as Watsi. At one point, a woman climbed aboard and began asking passengers to donate to her son’s medical treatment.

The proverbial light bulb switched on: What if you could fund healthcare for people in need, anywhere in the world?

Hunting for Ghost Assets

October 30, 2015 | Posted by Melissa Hollis to Accounting, Business Advice

You probably don’t like ghosts lurking around your attic so you should definitely mind having them on your balance sheet.

But no need to call Scooby and the gang to solve this mystery! Your accountant or controller is all you need to hunt down ghost assets (aka the fixed assets that show up on your balance sheet but are M.I.A. I.R.L.). But they can’t do it alone! They’ll need your help to hunt down these financial spectres, especially if you’re outsourcing your accounting.

inDinero is your company's
accounting department.REQUEST AN INVITE TODAY.

Request an Invite