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GrowthLab Financial
США
Добавлен 19 дек 2019
GrowthLab is a Finance-as-a-Service (FaaS) company serving Founders, Entrepreneurs, and Management Teams with Financial Planning & Analysis, Bookkeeping, Accounting, Tax, and CFO support. GrowthLab specializes in helping SMBs, startups, and emerging growth companies, by providing leadership and execution with elevated financial management, business intelligence, strategic planning, and workflow automation (powered by AppStream). GrowthLab's customer portfolio spans numerous industries including venture-backed startups, service-based companies, and the hospitality / restaurant industry.
Learn More About how GrowthLab can Elevate your Business: www.growthlabfinancial.com
Learn More About how GrowthLab can Elevate your Business: www.growthlabfinancial.com
Should I Offer 401K for my Employees
Learn about our HR People Advisory Services: www.growthlabfinancial.com/people-advisory-services
Navigating the landscape of employee benefits and payroll management is a significant challenge for small businesses. A critical decision in this journey is whether to offer a 401k plan. While not mandatory for all, offering a 401k can bring numerous advantages, including tax benefits and enhanced employee retention.
Benefits of a 401k 👉🏼 www.growthlabfinancial.com/should-i-offer-401k-for-my-employees
This blog explores the benefits of offering a 401k plan for your small business and how GrowthLab’s People Advisory Services can support you in this endeavor, along with managing other aspects like...
Navigating the landscape of employee benefits and payroll management is a significant challenge for small businesses. A critical decision in this journey is whether to offer a 401k plan. While not mandatory for all, offering a 401k can bring numerous advantages, including tax benefits and enhanced employee retention.
Benefits of a 401k 👉🏼 www.growthlabfinancial.com/should-i-offer-401k-for-my-employees
This blog explores the benefits of offering a 401k plan for your small business and how GrowthLab’s People Advisory Services can support you in this endeavor, along with managing other aspects like...
Просмотров: 31
Видео
The Dreaded Billable Hour w/ Jonathan Stark
Просмотров 1552 месяца назад
In this episode of The FaaS Evolution, host Dan Gertrudes sits down with Jonathan Stark to explore the rise and fall of the billable hour. Jonathan, a former tech professional turned pricing expert, shares his insights on why this traditional pricing model still dominates industries like accounting, despite its drawbacks. They discuss the impact of the billable hour on client relationships an...
Maximizing Free Cash Flow (FCF) Margin
Просмотров 2182 месяца назад
Why FCF Margin Matters In this video, we break down how fluctuations in interest rates can affect your business's free cash flow margins (FCF margin) and why it's crucial to focus on this metric. As interest rates rise or fall, borrowing costs, capital expenditures, and overall cash flow can shift dramatically, directly impacting your company’s financial health. 📧 Contact Us: www.growthlabfinan...
How Do Interest Rates Impact Your Business Finance
Просмотров 2373 месяца назад
Understanding the impact of interest rates on your business finance is crucial for strategic planning and growth. What we covered: How interest rates affect business loans and credit lines The relationship between interest rates and investment opportunities Strategies to mitigate the impact of rising interest rates on your business 📧 Contact Us: www.growthlabfinancial.com/calendar 🔔 Subscribe t...
Business Finance: Private Equity
Просмотров 3085 месяцев назад
In this video we dive into the topic of Private Equity. Here's what we'll cover: 🔹 Recapitalization of the Balance Sheet: Explore the role of private equity in recapitalizing your business and ensuring long-term financial stability. 📧 Contact Us: contact@growthlabfinancial.com 🔔 Subscribe to Our Channel: ruclips.net/channel/UCCmQ-QPTsHeDz9VeouXPy5Q 📢 Follow Us on Social Media: LinkedIn: www.lin...
Business Finance: Tightening Credit Cycle
Просмотров 2905 месяцев назад
In this video we dive into the Tightening Credit Cycle and how it affects your company. Here's what we'll cover: 🔹 Tightening Credit Cycle: Learn how the fluctuating availability of credit affects your ability to secure funding and the broader implications for your business. 📧 Contact Us: contact@growthlabfinancial.com 🔔 Subscribe to Our Channel: ruclips.net/channel/UCCmQ-QPTsHeDz9VeouXPy5Q 📢 F...
Business Finance: Banking Relationships
Просмотров 2865 месяцев назад
In this video we dive into the topic of Banking Relationships and how important they are for a growing business. Here's what we'll cover: 🔹 Banking Relationships: Discover the importance of strong relationships with financial institutions and how they can make or break your access to cash. 📧 Contact Us: contact@growthlabfinancial.com 🔔 Subscribe to Our Channel: ruclips.net/channel/UCCmQ-QPTsHeD...
Business Finance: Access to Cash (liquidity)
Просмотров 1 тыс.5 месяцев назад
In this video we dive into the crucial topic of Access to Cash (liquidity) and how it shapes the financial health of your company. Here's what we'll cover: 🔹 Tightening Credit Cycle: Learn how the fluctuating availability of credit affects your ability to secure funding and the broader implications for your business. 🔹 Banking Relationships: Discover the importance of strong relationships with ...
Accounting for Software as a Service (SaaS)
Просмотров 3059 месяцев назад
3 Common Accounting Mistakes we see Within the SaaS Industry 1. Revenue Recognition and Deferred Revenue 2. Customer Churn 3. Costs of Customer Acquisition (CAC) and Customer Lifetime Value (CLV) SaaS companies face unique accounting challenges that require careful consideration and expertise. Revenue recognition complexities, effective churn management, and balancing CAC and CLV are pivotal fo...
Accounting for a Manufacturing Company
Просмотров 1,1 тыс.9 месяцев назад
Five accounting tips specifically tailored for the manufacturing industry: 1. Cost Accounting 2. Inventory Management 3. Labor Allocation & COGS 4. Depreciation of Machinery and Equipment: 5. Banking Relationships Learn more about us: www.growthlabfinancial.com Want to connect with us? - www.growthlabfinancial.com/calendar #manufacturing #accounting
What happens when you have 30+ accountants in one room?
Просмотров 121Год назад
How does GrowthLab Elevate the Entrepreneurial Journey? One word: Team GrowthLab is a team and we all work together to elevate the journey of our customers. What makes our story truly remarkable is how we collaborate across all departments to bring the best service possible. Want to Elevate Your Entrepreneurial Journey? www.growthlabfinancial.com/? Want to connect with us? - www.growthlabfinanc...
Cash vs Accrual Accounting: Which is Better for Your Business?
Просмотров 384Год назад
Cash and accrual accounting are two types of financial reporting methods, and their difference lies mainly in how they recognize revenue and expenses. Cash accounting records revenue and expenses when a payment is made or received, while accrual accounting records them when they have been earned or incurred. Learn more about our accounting services: www.growthlabfinancial.com/accounting? #cashv...
The Best Tech for Bookkeepers & Accountants
Просмотров 201Год назад
The Best Tech for Bookkeepers & Accountants
Mastering ChatGPT: Boosting Your Accounting Firm's Marketing with AI Magic!
Просмотров 164Год назад
Mastering ChatGPT: Boosting Your Accounting Firm's Marketing with AI Magic!
Bank Feeds Lie | How to Avoid Creating Duplicates
Просмотров 73Год назад
Bank Feeds Lie | How to Avoid Creating Duplicates
A Day in The Life of a Tax Analyst | MTV Cribs Style
Просмотров 1,9 тыс.Год назад
A Day in The Life of a Tax Analyst | MTV Cribs Style
Accounting Basics for Small Business Owners | Accounting Cocktails
Просмотров 169Год назад
Accounting Basics for Small Business Owners | Accounting Cocktails
The Best Financial Planning Tools | LiveFlow, Jirav, Basis
Просмотров 1,3 тыс.Год назад
The Best Financial Planning Tools | LiveFlow, Jirav, Basis
Does Your Accountant Understand POS Systems & Delivery Apps?
Просмотров 103Год назад
Does Your Accountant Understand POS Systems & Delivery Apps?
Payroll Tax: 3 Things to Consider When Setting up Payroll Taxes in a New State
Просмотров 80Год назад
Payroll Tax: 3 Things to Consider When Setting up Payroll Taxes in a New State
How to Prepare for Tax Season: 6 Tips from a Tax Analyst
Просмотров 114Год назад
How to Prepare for Tax Season: 6 Tips from a Tax Analyst
Apps We Use to Run a Multi-Million Dollar Accounting Firm
Просмотров 2,7 тыс.Год назад
Apps We Use to Run a Multi-Million Dollar Accounting Firm
Tax Preparation Software: Tallyfor Product Review
Просмотров 639Год назад
Tax Preparation Software: Tallyfor Product Review
How an Accounting Firm Uses ChatGPT by Open AI
Просмотров 9 тыс.Год назад
How an Accounting Firm Uses ChatGPT by Open AI
NoCode Automation Expert Reacts to TikTok's about Zapier
Просмотров 319Год назад
NoCode Automation Expert Reacts to TikTok's about Zapier
INSTANTLY Extend Your Cash Runway // Business Cash Flow
Просмотров 1212 года назад
INSTANTLY Extend Your Cash Runway // Business Cash Flow
Welcome to GrowthLab - Your Finance-as-a-Service Partner
Просмотров 1432 года назад
Welcome to GrowthLab - Your Finance-as-a-Service Partner
Thanks for the forecast! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (extra please wool soft arch endless comfort chase idea eagle hamster curve). Could you explain how to move them to Binance?
What if if my car u didn't pay first aim not work at home only cumucate as
I share for work I back start for fruits and more bread banana
Gd morning for coordination for my sayyara o new motorcycle
Interesting! I use Multifamily Real Estate Investing to give back or buy back my time and make me wealthy!
TLDR: Understanding deferred revenue, customer churn, and effective financial management is essential for the success and profitability of SaaS businesses. 1. 00:00 📊 Understanding deferred revenue, customer churn, and revenue recognition is crucial for the success of SaaS businesses. 2. 00:45 💰 Deferred revenue is crucial for SaaS businesses as it indicates customer acquisition and lifetime value, effectively funding operations and attracting investors. 3. 00:59 💰 Upfront payments for SaaS require careful accounting for deferred revenue, while customer retention is crucial for long-term success. 4. 01:39 📈 Building a strong team is essential for customer engagement and retention, while effective customer acquisition strategies become crucial as businesses move beyond initial sales to friends and family. 5. 02:21 💡 Focus on carefully managing customer acquisition costs by grounding your marketing strategies in solid financial planning. 6. 02:51 💡 Understanding customer lifetime value and gross margin is crucial for SaaS startups to ensure profitability over time when selecting a financial services partner.
Hikmayimerassen
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Just got offered a position at Citi bank for a tax analyst position. 😊
I like your video presentation. It is informative too, at the same time. Thanks a lot for your guidance!
Thank you! We appreciate it.
Thank You it is helpful for me
Lots of SAAS Experience here!
Could've provided more details of the 5 points! Great work though
If you have any questions still about accounting for manufacturing, feel free to reach out to us! We'd love to answer them.
This video was actually informative..
Thanks for letting us know!
Well explained
Thanks Rabson!
Helping our client for their future while where a jacket; lol --- #lovegrowthlabfinancial
I have watched several videos and reviewed several resources but am still struggling to create a simple custom table showing customers and their monthly recurring revenue that allows me to edit it if the monthly rate changes (ie. due to a concession given). Is there a resource that goes into detail on the data given, and exactly how that data is entered in to create the custom table?
Below is a simple table that you could utilize for Customers and MRR Section header - Customer MRR 1st Line - Customer 1 (with $) Driver = current MRR (Constant of x * Constant of 1) 2nd Line - Customer 2 (with $) Driver = Current MRR (Constant of x * Constant of 1) Etc... (Add Subtotal to the bottom so it adds all MRR at the top of the section) Now if you have a concession, open up the dropdown and hardcode an adjustment for a single month or change the driver to update the new MRR. Let me know if you'd like to chat more about it in-depth, happy to help.
Can u give me some advice on how to become a tax analyst
Yes! We would say getting a base knowledge of financials statements (P+L, Balance sheet) is always a good start. Then understanding the different types of returns for different entities and individuals. Once you understand that, you want to learn how all of your income and deductions flow throughout the tax return you are preparing. Also important to read up on the recent tax codes and statutes to understand what kind of credits you could be taking advantage of. Let us know if you have any other questions!
Thank you for the video!!! We learn a lot with you! Thank you!
Glad you liked it! Let us know if there's any other topics you'd like us to cover! 😎
I really enjoyed this
Thanks Westley!
wow
I thought the open office concept was bad... Making those guys commute to an office to work indipendently beside others at a large table with only 1 external monitor is cruel. I'll never take another job that isn't 100% remote.
We appreciate your concern Paul. We actually didn't 'make those guys commute to an office', we don't force our employees to come in, they actually choose to. While the video shows them working "indipendently", there is actually a lot of collaboration between our FP&A team. But we can understand your confusion. Have a nice day!
This is not a "How to determine a valuation cap". This is a "What is a valuation cap". Setting proper titles and expectations is essential. Poor experience is not good for anyone.
Thanks for your recommendation Charles!
How does LiveFlow differ from G-Accon? As far as I can tell they do the same thing, yet one costs $30/mo for 5 clients and the other costs 5x that…. For 1 client.
If you’re using GSheets, then both tools can accommodate, but if using Excel, G-Accon will work for that integration. Otherwise it will come down to the Ux/ui you and your team feel most comfortable with.
This is incredible!
thanks, Cheryl! 😃
Great info!
Thanks Mike!
I liked this video! But my wife and I are looking for something like this but for our personal finances and on a monthly basis. Do you have something like that? I cannot find it anywhere on the internet. Doesn't have to be super expanded or detailed. Just the ability to input all our bills we have; then the income sources and amounts for both of us; then maybe the ability to add a couple unexpecteds or what-if scenarios to see a final result of what we can expect to see for months in the future at the end of each month. Thank you for your input!!
Hey there, we don't have anything for personal finances but this would be something super simple to create within a google sheet or Excel. Are you familiar with using formulas in those platforms?
@@GrowthLabFinancial Yes I use them often
Great video. One recommendation is to bring the left laptop closer to the camera so we can read it ourselves. Otherwise very informative and helpful. Thanks.
Thanks for the recommendation!
Link TaxTom...all that comes up in search is Tom Wheelwright lol
lol here is our TaxTom playlist: ruclips.net/p/PL--NzsNQZ_-FhcXN3yhOI0psMX-XjswcR
Great presentation, thank you!
Thank you!!
What do you use for tax software?
Hey Ben, we use CCH Axcess to fill out and file returns. But we also use Tallyfor to code the transactions from QBO/XERO to import the financials directly into CCH Axcess. Hope this helps!
I got an excel formula that I needed for rent. It works.
Glad to hear it!
Great video, thank you!
Thanks for watching!
Thanks for these. Very informative
Thanks! Let us know if there is anything else you would like to see!
I find the title and discussion intriguing. However, please no offense. A better microphone….
Thank you for your feedback!
How to do that?
Hey Rafay, reach out to korey@growthlabfinancial.com. He can give you more information on automating 2FA codes to Slack
Thank you a lot for this video. This is very interesting and informative. Keep posting like those amazing videos, this is awesome.
Thank you so much for the feedback!
I am learning so much with watching your videos . Thank you so much for sharing this amazing source of information.This one is quite helpful.
We love to hear that! Thank you so much. If there's any content you are looking to see more of, let us know!
what is KPI?
Hey Missie, KPI stands for Key Performance Indicator. You can use specific indicators that you want to reach. Ex: revenue, expenses, profits or other financial outcomes.
Today is my lucky day! that I find a new channel that I love so much.Thanks for sharing knowledge with us.
Glad you are enjoying it! Let us know if there is anything particular you would like to see!
🌈 P𝐫O𝕞O𝓢m
Until we do something about the gas situation, it's going to continue to rise. Trucking companies are spending thousands daily on gas to transport food & products across country, farmers can not afford their farm equipment, both of them have to offset the prices to companies to compensate and those companies offer their prices to us, the consumer. In addition to this Putin is the largest exporter of wheat ( not sure how dependent our country is on it). We use wheat for feeding our animals, cakes, crackers, bread, flour etc and he's not happy with the US so any wheat were getting from him we can kiss goodbye which just leads to more hirer food prices This economy is in a down hill spiral and will crash soon if our gas situation is not addressed Open up the XL pipeline Joe! It's capable of producing 800,,000 barrels a day
We agree that the long-term effects of what's happening with commodities on the economy will prolong any potential of a recovery. There is still a lot of liquidity for investments but overall confidence will determine how and when it's used. We want our customers to plan for longer capital-raising cycles and under-utilized capacity to weather a slow growth period ahead.
Inflation is happening around the entire world. The United States is in the middle of the road as far as the rate of inflation. Many believe that corporate greed is spurring on inflation. Please Google oil company profits for the last quarter. My cousin's ranch it is now being offered 15% less for his cattle than he did 2 years ago but meat companies are raking in billions in extra profit.
We are big believers that prices and demand revert back to a mean... the question is always how long?
@@GrowthLabFinancial Corporations are taking a page of the Carter playbook with the hope the republicans will control Congress and the White House. Lower tax rates and more tax loopholes. That's your time frame.
U r a lost pup
This is a limited view of a CPA. CPAs can also work within a company.
Thanks for your input Jeremy.
Very valuable content
Thank you for your feedback!