Planning your SME cashflows – 6 areas to focus on and get better at
Sure we all know cash is “the” most important asset to look after for your small business. But there’s no education around it that exists formally. Most of us learn to deal with cash from experience and trial and error. As we work across industries and clients of different sizes, there are common areas that […]
The best ways to deal with late payments in your small business
I read a report recently from Simply Business that headlined “SME Insights Report: UK small businesses owed £32bn in late payments”. Even at a fraction of this; the amount is staggering. But working with small businesses across the globe, this is such a massive problem and compounded by other cash flow mistakes. Often this is […]
6 tips to set up your SAAS company on Xero effectively
SAAS (Software As A Service), solutions are so ingrained into our normal day that their existence and reach in our corporate and individual lives are often taken for granted. With the evolution of SAAS business models that permeate industries and workflows, it’s good for us to understand more about the basics of setting up SAAS […]
How to prepare your DeFi (Crypto) company financials for an investor pitch
As the world of decentralized finance (DeFi) continues to evolve and expand, attracting investor interest has become crucial for DeFi startups looking to secure funding. One of the key elements that potential investors will scrutinize during your pitch is your financials; similar to companies in the traditional sector. Preparing your financials effectively maybe the key […]
The 5 common mistakes crypto companies make when setting up a finance function
Setting up the finance function for any company needs careful thought and preparation. This is critical for companies in the DeFi space due to the ever evolving nature of the industry. Fundamental to any set up is to ensure its scalable, compliant and can be relied upon to produce information when required. There is […]
How to account for a tokenized asset?
Tokenization isn’t a novel technology; but it certainly has newfound appreciation in recent times. Similar to how early enthusiasts experimented with NFTs tokenization has been part of the landscape for sometime now. But with evolving tech within this space, institutions are increasingly showing interest in tokens, and unexpected economic dynamics have encouraged their adoption. […]
The best banks for crypto companies – Updated edition 2023
Since we initially published this article in 2021, numerous changes have occurred within the DeFi space, as well as in the realm of traditional banking. Some of the banks we previously identified as crypto-friendly in 2021 no longer exist. Therefore, we present here an updated list of the best banks for crypto companies that we […]
5 strategies from a Crypto accountant to protect your crypto currency assets
Safety, both for individuals and assets, holds paramount importance within companies. With a growing number of businesses expanding their portfolios to encompass intangibles like cryptocurrencies, it becomes imperative to devise comprehensive strategies for their protection. The intrinsic digital and intangible attributes of cryptocurrencies render them susceptible to fraud and theft. Moreover, the absence of a […]
Designing an effective outsourced finance function – beyond hiring a Bookkeeper
In the realm of financial management, our approach has always been centered around constructing a robust finance function, as opposed to merely offering bookkeeping services. While managing day-to-day transactions is an integral aspect of establishing a solid finance function, it encapsulates a broader range of intricacies. At its core, every business function revolves around […]
How do I use Fathomhq for month end reporting for my crypto company?
At the outset. we’d like to clarify that this article is about Fathomhq, the reporting software and not Fathom.fi (XDC). Fathomq is a financial reporting and analysis tool that can be valuable for crypto companies looking to streamline their monthly reporting processes and gain deeper insights into their financial performance. How Fathomhq […]