[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 :)
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 :)
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