Subscribe for the best articles

The Role Outsourced Accounting Plays in Growing Your Startup

Posted by Melissa Hollis to Taxes, Accounting, Business Advice

Here’s a phrase you never thought you’d hear from a CEO who just raised seed funding: “Nobody told me how difficult success can be for a startup.”

 

This may not sound like much of a problem. But the more I thought about it, I realized that many early-stage businesses start out with blazing potential and burn out before they reach it.

8 Budgeting Tips for Surviving Seasonal Business Ups & Downs

Posted by Melissa Hollis to Accounting, Business Advice, Business, Budgeting

 

Seasonality is a common experience many businesses face when they’re building out their budget. There are obvious examples in the form of tanning salons and ice cream shops to tax firms and event space venues, but even a digital agency or SaaS startup can experience high and low points in cash flow throughout the year.


Here’s a few tips on how your business can plan for seasonal slumps and take advantage when business is booming.

Prepping for Your First Investor Meeting? Do These 4 Things to Build a Strong Business Foundation for Receiving Funding

Posted by Melissa Hollis to Investment, Accounting, Business, Funding, Startup Tips

There are many articles out there that provide a wide array of lofty advice about fundraising. Some of the groundbreaking tips in those articles may cause you to rethink minor details such as the order of the slides in your deck or even something as major as your go-to-market strategy. This is not one of those articles, but we do have an ebook full of stories that are sure to inspire here.

[Checklist] Making the Switch from Cash or Accrual to GAAP Accounting

Posted by Daniel Reji to Accounting, Business Advice

One of the most thoughtful and hardworking CPAs I’ve ever met once told me that businesses are like fingerprints—each one is unique and has different ways of tracking and sharing financial information internally.

 

I was brand new to inDinero, and she was helping me understand why GAAP is so essential for so many of our clients. GAAP, or generally accepted accounting principles, has become the guiding light for financial professionals preparing public-facing reports for companies in the United States. Accountants use these principles to create statements that give outsiders an easy-to-understand window into your business’s financial performance in order to compare it alongside other businesses, while still maintaining the individuality of each company’s financial profile.

Is There a Right or Wrong Time of Year to Outsource Your Business's Accounting?

Posted by Tyson Yoon to Accounting, Business Advice

Maybe you hate spending your Saturdays in spreadsheets, or maybe you hit a few major milestones and are outgrowing your current system. Regardless of what’s driving you to outsource your accounting, there are a few factors you must take into account during this transition.

In addition to a few other key considerations—such as the impact on other vendors or operational processes—the time of year can drive when to bring on a new system. Here are a few times that are ideal to start outsourcing your accounting.

 

Making Partial Payments with inDinero Bill Pay

Posted by Jenna Meyer to inDinero Academy, Accounting, inDinero Product Updates

 

I don’t know about you, but I’ve always found that watching the money coming into my bank account is much more fun than paying it out. While we haven’t found the secret sauce to not spending money—expenses are a fact of life—we have built a software and service that lets you pay bills effortlessly, and the new Partial Bill Payment feature adds a much-needed level of flexibility to that process.


You can now use inDinero’s Bill Pay tool to pay some, but not all, of a bill. So the next time you need to split an unexpectedly large invoice into monthly installments, you can. And when you have to pay a freelancer half up front and half when the job is done, it’s quick and easy.

What Do Different Industries Spend on Marketing?

Posted by Tim Brown to Accounting, Business Advice, Budgeting, Startup Tips

There’s lots of advice out there about what companies should spend on marketing. Most commentators claim businesses should spend around 6-12% of their revenue on marketing, but it’s important to remember that’s when they’re speaking to a wider audience. If you’re trying to decide how much you should spend to generate revenue for your business, there is a lot more information you should consider.


One of the biggest factors you need to account for when setting your company’s marketing budget is your industry. Take a consumer goods company for instance. In today’s competitive digital landscape, they could spend 12% of their revenue on online advertising alone. That’s going to look much different than a transportation company who is likely to spend much less than 6% because so much of their business depends on existing relationships and campaigns.


So let’s start by taking a look at how much money marketing teams have to play with based on their industry.

5 Small Business Trends to Work Into Your 2018 Plans

Posted by Meredith Wood to Accounting, Business Advice, Business, Funding, Budgeting, Startup Tips

Small businesses must transform themselves to keep up with ever-changing technologies moving the world forward. It’s vital to their success in a competitive business landscape, and it’s also crucial to the success of the greater economy. According to the Small Business Administration, small businesses accounted for 63% of net new jobs from 1993 to 2013.


With that said, small companies can get a step ahead of the game by budgeting to take advantage of changes in their industries. Here are five small business trends that will make a splash in 2018.

13 Business Expenses You Definitely Cannot Deduct

Posted by Melissa Hollis to Taxes, Accounting, Startup Tips

There are many ways for businesses to lower their tax liability with deductions and credits that set off taxes directly with qualifying expenses—you’ll find 92 potential tax deductions in this article. Typically, tax law requires deductible business expenses to be ordinary (common and accepted in your trade or business) and necessary (helpful and appropriate for your trade or business). But even some expenses, no matter how relevant they are to the nature of your business, are not deductible.


Although there may be some limited exceptions, this list covers thirteen common expenses that the IRS does not considers deductible on either a business or individual income tax return.

3 Financial Metrics I Use to Run My Marketing Agency

Posted by Chris Hickman to Accounting, Business Advice, Budgeting, Startup Tips

No successful marketer decides to start their own agency because they love accounting. Not even the most passionate digital marketers who love getting deep into the data, like I did when I started Adficient.

Success starts when you take charge of your finances.

Talk to an Expert

Subscribe:
inDinero Weekly Digest