Accounting = art of using limited data to come close to an accurate description of how a company is performing. https://www.amazon.com/dp/1422119157/
-
@pmarca I'll say. Definition gets way more complicated when the entrepreneur isn't the only target audience for the financial statements.
@pmarca ps. book is a good primer for startup founders. Isn't accounting-heavy, explains P&L, Balance Sheet, & Cash Flow Statement.
-
-
@pmarca lots of people talk about burn rate but many can't read a Cash Flow Statement. It would help. And easy to generate w/Quickbooks/XeroThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.