Accounting - Blogs

• Assets and Liabilities
  In Fred's continuing series on accounting, a sort of mini-MBA course, he uses this article to point you to the Balance Sheet, which is basically a report on your assets and liabilities, and …
• Do You Accept Online Payments?
  If you still need convincing that you should accept on-line payments, this is a great article to read. Whether you are running a business or are a self-employed consultant, there are not only …
• Basics of Accounting Part 1
  If you have avoided understanding accounting, and don't want to take a two week course at the local JC, perhaps you can start with this series of four articles. In this first article, Fred covers …
• Projection Scenarios
  As part of creating projections for your future, Fred Wilson in his article guides us to using best case, worst case, and base case, as a way of creating a big picture from which you can make …
• The Art of Forecasting
  When it comes to creating plans for the future, we often are either deludedly optimistic or pessimistic. How can you create accurate and useful budgets based on future projections and …
• Cash Flow in a Startup
  Cash flow is sometimes misunderstood, as you could imagine that it is synonomous with profit. In this article, Fred demonstrates that you can be profitable with a poor cash flow and vice versa. He …
• Understanding Your Profit and Loss Statement
  A close look at the P&L statement introduces you to the issues of accrual accounting, cost of revenues, and operating income, all key numbers which show up on the P&L.  A …
• Chart of Accounts pointers
  In a series of articles, a New York VC shares his insights on how to build a company. This article addresses the beginning of the accounting process, namely setting up your chart of accounts. A …
• Basics of Accounting Part 4: Cash Flow
  This series may be on-going, so we can stop numbering it. The previous three articles, however, led us to the third report, Cash Flow. Of all the steps, this last is a bit harder to understand as …
• Basics of Accounting Part 3: Balance Sheets
  In the third part of the four-part series, Fred covers how to read the Balance Sheet report. This, along with the P&L report, both generated from your accounting software such as …
• Basics of Accounting 2: P & L
  In this second of the four-part series on accounting, aimed at entrepreneurs who are starting their business, Fred discusses the P&L report, item by item. Of particular note is the …
• A Look at Small Business Web Products
  As the above article points out, more and more new, small, simple to use SaaS products are coming out that are perfect for small businesses. We love each of the products on their own, and it's …
• Simple Accounting Package
  Here's a helpful look at another new SaaS product geared for people who work on the Internet. Outright is a scaled down accounting package, that helps track income/expenses in preparation for tax …
• Bills 2.0
  One of the hot SaaS applications is Bill.com, a great way to pay your business bills on-line. In their blog, they do a great job of keeping up with both Accounting issues as well as SaaS products.
• Redeye VC: Using the waterfall...
  Building a good financial forecast relies on the right model for regular updating. I highly recommend the “waterfall” method for traffic, cash, revenue and other dynamic data that …
• F|R Crib Sheet: 7 More Sites to Cut Your Startup Costs - GigaOM
  A list of great resources to reduce the costs of running your startup.