Author Archive
So You Bought a Copy of QuickBooks, Now What?
It goes without saying now-a-days that emerging firms do everything they can to stretch their dollar. Just about every startup that I run into informs me that they have installed a copy of QuickBooks, so the finance part of their business is “covered.” When I ask who runs QuickBooks, the inevitable answer is the “receptionist/office manager” or “I do it myself so I know things are right.”
From a dozen years of financial consulting, I have seen far too many companies go far too long without paying management attention to finance, with often fatal results. While QuickBooks is a competent system, it is not a substitute for financial management in your firm and poor input to QuickBooks will inevitably result in inaccurate output and sub-optimal decision-making. (more…)
4 comments September 16, 2009
Key Considerations in Financial Planning
Thorough financial planning is viewed by many emerging firms as either too difficult, too ineffective, or overkill to be worth the time spent. However, it is my experience in working with over 50 Silicon Valley companies that failure to plan effectively can subject a company to serious unintended consequences; moreover good financial planning is a core competence that can help a company better achieve its objectives. (more…)
March 16, 2009
