Episode 102 :: 3 Things Food Founders Should Never Do: Advice for Avoiding Banking Issues, Preventing Bookkeeping Headaches, and Ensuring Accurate Financials
Are you making any of these common mistakes?(Video + closed caption available on YouTube)Ever encountered challenges with syncing apps to
accounting software or using online-only banks?
You are not alone!
In this episode, I’m sharing the financial "never do's" - things that founders should be wary of, and the cautionary tales from my experience as a CFO consultant that I believe are crucial for any business owner to heed.
Chelsea and I discussed:
The problems with syncing apps and e-commerce sites to accounting software
Why you shouldn’t be using new online-only banks without proper research into their reliability, FDIC insurance, and fee structures
The importance of good data management
My experience with Square's checking account and the challenges of reconciling transactions
The importance of testing financial systems and consulting with financial teams
And More!
We're compiling a list of "never do's" to save you from extra headaches and work, and we want to hear from you! Your story could be the cautionary tale that saves a fellow founder from financial frustration. Let us know at hello@thegoodfoodcfo.com
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