Startup Nerd

Firstly, what is a prepaid expense?A prepaid expense is a future expense that we have paid in advance for, such as a 12 month software subscription. Secondly, why is there a need to adjust for prepaid expenses?For Startups, it’s important you implement good accounting principles from the start which will ease...

Most local Startups use Xero* and some may have reached a point where they’ve had to ask themselves, “Is this the right system for our current and future needs?”. It’s a tricky question to answer and your decision should not be taken lightly nor with haste. As a general rule, you can use Xero...

We’ve had a lot of inquiries over the last week, and rightly so, amidst the collapse of Silicon Valley Bank (“SVB”) and with the latest news of Credit Suisse being in trouble, most Startups want to ensure they protect themselves and are doing everything possible.Many Startups have a similar banking...