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Accountants operate on a higher level. Theyre well-versed in GAAP (Generally Accepted AccountingPrinciples), help navigate differences between cash and accrual accounting, and help startups design equity structures. All startups need a bookkeeper; that could be a DIY founder or something you outsource. .
Ensure Compliance With Regulatory Requirements: Tech companies are required to comply with Generally Accepted AccountingPrinciples (GAAP) and International Financial Reporting Standards (IFRS), which are particularly important for companies planning to go public.
GAAP stands for Generally Accepted AccountingPrinciples. These guidelines come from two trusted sources: the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB). If you’re using software for bookkeeping (e.g., Your bookkeeping is no different.
GAAP stands for Generally Accepted AccountingPrinciples. These guidelines come from two trusted sources: the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB). If you’re using software for bookkeeping (e.g., Your bookkeeping is no different.
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