When you’re first starting out, your business’s needs are more modest. Operations are small and revenue may still be a ways off. A look-back accounting approach—aka the cash method—is ideal for simple business needs.
But when revenue starts rolling in or you’re knocking on investors’ doors, it’s time to upgrade to a look-forward accounting system—aka the accrual method. This dives deeper into your increasingly complicated business (and meets series fundraising standards).
inDinero understands how your accounting needs to work and scale with your business needs.