Accounting for Technology Blog
Six Serious Issues We See When Startups Don’t Take Their Finance Function Seriously
Over the years at Laurentian, we’ve seen many emerging tech firms manage their finance function well, although we’ve also seen firms treat it as a lower-priority, compliance-type task. This second “strategy” can lead to serious problems down the road for a tech...
From Beer Forecasting to Financial Forecasting
Early in my early career I worked with Molson Breweries in Toronto, Canada. One of my duties as a Sales and Marketing analyst was to create a 16-week forecast of beer sales for the province of Ontario that the Toronto plant would use to plan their brewing production....
Intuit’s Artificial Apology to Tax Preparers
At the 2024 Intuit Connect conference in October, the company’s CEO apologized to tax preparers for Intuit’s “Tax Breakup” ad that encouraged businesses to ditch their accountants and CPAs in favor of TurboTax. It’s not surprising that the ad drew strong criticism...
Clean-Up Accounting: How We Do It
When I talk to company founders and executives about their books, they often tell me that they don’t trust their numbers, either because the monthly reports are incomplete, or because they’re subject to constant revision, or because they arrive too late to be...
Clean-Up Time: Is Your Accounting a Mess?
Running a business typically involves managing many different functions, including operations, R&D, accounting, marketing and sales. At Laurentian, we find that the accounting function frequently receives less attention than the others, especially in new and...
Corporate Strategy Simplified: A Foolproof Test of Your Strategy’s Effectiveness
I’ve been a CPA for more than a few years, and over that time, I’ve found that I’m able to add value to my clients’ businesses in a variety of ways. Having seen many SaaS firms grapple with strategic choices over the years I discovered a simple but effective way to...