How do you track your financials?
We started with a standard financials (balance sheet, cash flow, income statement) template from Google Sheets, would love to hear any other recommendations or tools you use!
We started with a standard financials (balance sheet, cash flow, income statement) template from Google Sheets, would love to hear any other recommendations or tools you use!
Hey @Pedro_M I think it's great you're looking into having proper financials at this stage!
In most startups I've worked with they just use Microsoft Excel or Google Sheets templates. It's quick, it's simple and it's easily extensible.
However, for GDPR or proper features, it's definitely better to use a dedicated financial tool. For simple contracts I'm really satisfied with Wave as it's very straightforward. Plus Wave also has support for invoices and estimates.
If you have an understanding of accounting and finance though, QuickBooks is a universal solution.
Hope that helps!
Hey @xmok, Thanks for the feedback. Wave is interesting, we saw it awhile back and decided to go with GSheets originally, but now it looks like it may be time to upgrade.
I appreciate the advice!