What does "follow the basic rules of accounting" mean? Have rigorous systems in place such that you can close your books within a day? See a real time view of your financial position at any minute? Show a set of financials which meet GAAP requirements but are hand done in excel and complete 8 weeks after qtr end? Get audited?
Are you in the finance function at your startup? I'll guess no, and if you go ask someone there if it feels rigorous they'll laugh.
Are you in the finance function at your startup? I'll guess no, and if you go ask someone there if it feels rigorous they'll laugh.