3 Things Food Founders Should Never Do: Advice for Avoiding Banking Issues, Preventing Bookkeeping Headaches, and Ensuring Accurate Financials

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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