[Video] Accounting Systems for Startups & Small Businesses

A wonderful interview with Hani from Crunchlab. We talk about the importance of accounting systems & tools for startups and small businesses to ensure effective accounting.

A fantastic interview with Melbourne-based accountant Hani El-Rafei, the Founder of Crunchlab.com.au.

We went into detail about why startups & small businesses need to adopt accounting systems to improve their business operations and processes (and ultimately, ensure they have accurate financials & data to make better informed decisions).

We discussed a lot and asked him these key questions (and he had some really good answers):

  • Why is it so important to have a solid accounting system in place?
  • What are the best tools you recommend as part of your accounting workflow? In other words, what’s your ultimate accounting workflow stack / process?
  • How much effort should small businesses or startups look into their accounting?
  • What best practices would you say if a small business or startup isn’t confident in their existing workflow?
  • How can you structure your forecasting assumptions? What are the best ways to do things?
  • What are the biggest outgoings for a business? How can you forecast that effectively? 
  • What advice do you have for businesses do you have for businesses to manage their cash flow during this Covid-19 crisis?

A very good interview worth watching if you're a small business or startup :)

Dan Siepen
Co-founder of Cenario

I'm the Co-founder of Cenario :) - Growth Marketer with 6+ years experience. Previously co-founded one of Australia's top coding schools, founded largest growth hackers community & consulted with some of the biggest brands in the world. Maker of various cool projects too :)