Startup Finance

How far ahead of a funding round should a startup start preparing its accounts?

At least twelve months. Investors look at three years of clean books; you cannot tidy them up in the final three months. Structures such as the technopark exemption have to have been set up correctly before due diligence — they cannot be corrected afterwards.

Read the full article: A Funding Round Is Where Your Accounting Gets Examined: A Field Guide for Turkish Startups →