In a startup both the CEO and CFO should be authorizing checks and bill payments. As a best practice, we find that it’s best to
- Present the CEO with a list of bills to be paid,
- Have the CEO approve over email,
- Then have the CFO and accounting team write and distribute the checks.
This assures that at least two people have viewed and approved all outgoing monies, while keeping busy work off the CEO’s plate.
If you startup is getting too busy growing to handle your accounting tasks, consider hiring an outsourced startup CFO.
Vanessa Kruze, a seasoned CPA, has an impressive track record prior to establishing Kruze Consulting. Her experience includes pivotal roles at Deloitte Tax and as a controller for a substantial startup with over 120 employees and $20 million in revenue. Under her leadership, Kruze Consulting has emerged as a distinguished CPA firm, recognized on the Inc 5000 list for five consecutive years, illustrating rapid growth and success in the competitive accounting landscape. Vanessa's unique approach, combining deep industry knowledge with advanced automation and software solutions, has positioned her firm as a leader in providing comprehensive accounting services to startups across the United States.
