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 [email protected]   From our News Segment: We Need to Talk About Trader Joe’s Stay Connected! Instagram: @TheGoodFoodCFOYouTube: @thegoodfoodcfo Join us in The Good Food CFO Community    This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thegoodfoodcfo.substack.com