How to Create Greater Revenue Visibility Using your Chart of Accounts

Wilson Lee Bookkeeping, Startup Accounting

As a business owner, being able to track revenue by product, service, market segment, sales channel, geography, and whether revenue is coming from new or repeat customers, can provide you with valuable insight into your business performance. This level of revenue visibility can be made possible through any entry level accounting package, like Quickbooks or Xero, provided you do some ...

Is Your Startup Financials Investor-Ready?

Wilson Lee Bookkeeping, Investor-Readiness, Startups

What does Investor-Ready Bookkeeping Mean? Any technology start-up thinking about raising growth capital needs to ensure their financials are investor-ready. Many founders may think that at the early stages of their company, all they need is simple bookkeeping services. However, setting up proper accounting and bookkeeping systems that can provide investor-ready financials right from the start will go a long …

What is the Difference between a Bookkeeper, Controller and CFO?

Wilson Lee Bookkeeping

I frequently hear entrepreneurs refer to Bookkeepers, Controllers, and CFO’s interchangeably. The truth is all three positions have significantly different roles and responsibilities. It is important to engage a person with the right skill set to achieve your objectives otherwise you will either end up disappointed with the final product or paying more than necessary for what you need. When ...