Description

There has been a lot of talk recently about the ”need” to implement accrual accounting instead of cash accounting if you are, or plan to be, seeking investment for your Good Food Business.  

 

In this episode, Sarah is joined by Danielle Hayden, Founder and CEO of Kickstart Accounting - an accounting firm designed to help female entrepreneurs understand their financials in order to grow their businesses and become more profitable.

 

Sarah and Danielle are breaking down cash and accrual accounting, and why the method you choose matters to your business. You’ll hear:

• The differences between cash and accrual accounting 
• How the accounting method you choose ties to your taxes
• What systems and people you must have in place if you want to implement Accrual accounting successfully
• How to think about choosing an accounting method for your business, whether you’re seeking investment or not
• And a lot more!

 

Choosing the right accounting method for your business will look different for everyone. Every business is unique, and your accounting method should be serving your specific needs and goals. Getting clear on the differences is the best place to start.

 

Connect with Danielle:

Website: Kickstartaccountinginc.com

Podcast: Entrepreneur Money Stories

 

Got a question or an idea for the show? 

Email us at: JoinTheConvo@TheGoodFoodCFO.com

 

Follow along on Instagram: @sarah.delevan.consulting

Join us in the Profitable Food Business Community

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit thegoodfoodcfo.substack.com/subscribe