InScope

🎉 Big news! InScope is now SOC 2 Type II Certified! 🚀 What this means for our customers: 1️⃣ Enhanced security protocols across all our operations 2️⃣ Independently verified data protection standards 3️⃣ Continuous monitoring and compliance with industry best practices This achievement wouldn't be possible without: 👏 Our team's relentless focus on security and meticulous attention to detail 🫡 Most importantly, our customers who trust us with their critical financial data To our awesome customers: Thank you for believing in us! 🙏 To our amazing team: You rock! 🌟 #InScope #SOC2 #FinancialReporting #Compliance #Automation #AccountingInnovation P.S. If you're looking to upgrade your financial reporting, check out what we're doing at InScope

As accounting leaders, we know the stress 😰 that comes with audits. But we can significantly reduce that burden and minimize the risk of missing deadlines. The key lies in proactive preparation and stakeholder alignment. Here's how to get ahead: ✔️ Create a comprehensive checklist 🤝 Align with internal and external stakeholders on timelines Pre-Period End Tasks: 1️⃣ Roll forward prior year financials and existing memos/policies 2️⃣ Identify and address new areas requiring accounting conclusions 3️⃣ Pay special attention to M&A, equity/debt transactions, and large contracts 4️⃣ Engage valuation (if needed) and tax provision providers early 5️⃣ Reconcile equity admin tools with board minutes and bank statements 6️⃣ Detail-review all balance sheet reconciliations as of Q3 quarter-end to identify any areas of risk that need attention 7️⃣ Perform related party assessments 8️⃣ Perform going concern analysis (if applicable) 9️⃣ Collect SOC1 and compliance reports for all in-scope providers By tackling these areas before period-end, you'll reduce last-minute scrambles, and ensure a smoother audit. What strategies do you use to prepare for audits? Share your tips in the comments below! P.S. If you're looking to upgrade your financial reporting and unburden your team, check out what we're doing at InScope! #FinancialReporting #AuditPrep #AccountingBestPractices #CFOInsights

That moment when someone just gets what you're trying to do? 🎯 This feedback from a potential customer just made our day at InScope! 😊 You know why? Because it means we're on the right track. We're not just building another financial reporting tool. We're creating something that feels like it was made by people who've been in your shoes. We've lived it, breathed it, and now we're changing it. P.S. If you're looking to streamline your financial reporting, check out what we're doing at InScope!

Hey LinkedIn! 👋 A CFO friend at a high growth startup recently asked, "What should I look for in my first  Controller?" Here's my take: 🧠 Experience matters, but so does a hands-on attitude! 💪 Grit + Resilience, being the first Accounting hire is not for the faint of heart Look for someone who can: 📊 Prepare accurate monthly, quarterly, and annual financial statements 📜 Develop solid accounting policies and procedures 💰 Ensure tax compliance and find potential savings 💼 Improve quote-to-cash and optimize billing/collections 🔄 Manage AR, AP, Payroll, Corporate Cards, and T&E effectively 🛡️ Design strong internal controls to protect company assets Remember, the right Controller should fit YOUR company's specific needs and stage. 📏✨ I'm curious: What other skills do you think a Controller needs in today's fast-moving startup environment? 🤔 #StartupHiring #FinancialReporting #InScopeAI #AccountingTips P.S. If you're looking to streamline your financial reporting, check out what we're doing at InScope!

Hey LinkedIn community! Today, I want to highlight a topic that's important for our industry: the importance of audits for private companies. Recent news like this got me thinking. It's not just about compliance – it's about building a foundation of trust that holds up our (delicate) ecosystem . Link 👉 https://lnkd.in/gtWc-FJf Here's why audits are important for private companies: 🏗️ They build credibility with investors and stakeholders 🚀 They pave the way for sustainable growth 🛡️ They act as a safeguard against unintentional errors and intentional fraud 💡 They provide valuable insights for better decision-making At InScope, our mission is to make this process smoother through automation. Together, we can elevate standards across the private companies and build businesses that stand the test of time! 💪🌟 #FinancialIntegrity #PrivateCompanyAudits #TransparencyInTech #TrustInBusiness P.S. If you need intros to amazing audit leaders, DM me.

At InScope, we're always trying to learn and improve to deliver better results for our customers. Here are some learnings from our advisor, Jeff Kolesky, that might be beneficial for Product and Engineering teams. 1️⃣ Focus on completion: We now tackle one problem at a time, with a clear, agreed-upon definition of "complete". This ensures we deliver usable functionality to our customers faster. 2️⃣ Break it down: Large projects are now divided into smaller, end-to-end functional deliverables. This dramatically improved our ability to track progress and maintain momentum. 3️⃣ Prioritize testing: We've invested in writing unit, integration, and end-to-end tests. Remember: start small and build up! 4️⃣ Make swift decisions: We've adopted a "decide now" mentality for reversible decisions. If a meeting ends without a decision, we consider it a failure. 5️⃣ Simplify dependencies: We're critically evaluating our infrastructure. Does having multiple repositories boost productivity, or does it create unnecessary complexity? These insights have been transformative for InScope, enhancing our efficiency and the quality of our deliverables. We're excited to continue growing and refining our processes.

📊 Attention Accounting Leaders! We are the financial guardians of our organizations. While it is important to tackle complex  and non-standard transactions, let's not overlook the power of solid policies for our day-to-day operations: 💸 Revenue Recognition Policy 💰 Accounts Receivable and Bad Debt Policy 🚀 Accruals Policy 🖥️ Fixed Assets and Depreciation Policy 💵 Prepaids Policy  💲 Cash Management and Investments Policy 🧱 Inventory Valuation Policy ✈️ Travel and Expense Policy 🤝 Procurement and Accounts Payable Policy ❓ Any other important standard policies I am missing? 💡 Question: Which policies do you find most challenging to implement or maintain? Share your insights below! #AccountingLeadership #FinancialExcellence #StrategicAccounting 🔍 Want to unburden your team of manual financial reporting? Let's connect and explore how InScope can streamline your processes and boost confidence.

Zoom, along with other tech companies like Salesforce and Workday, is scaling back on stock-based compensation. Why? And what does this mean for both public and private companies? There's a growing focus on managing dilution from stock-based compensation Implications for private companies: 👉 Equity compensation remains a powerful tool for attracting talent without immediate cash outlay 👉 However, private companies must be mindful of potential dilution impact on future funding rounds or exit strategies For Controllers and CAOs at both private and public companies, this trend raises important questions: 💰What's the right balance between equity and cash compensation for our company's stage and goals? 📈 How might this shift impact financial reporting, forecasting, and valuation? As financial leaders, we need to stay ahead of these trends. They not only affect our companies' financial health but also our ability to attract and retain top talent, regardless of whether we're public or private. What's your take on this shift? How is your organization approaching equity compensation? Are you seeing different strategies emerge for public vs. private companies? 🆓 P.S. DM me if you want access to InScope's simple and user-friendly disclosure library 📑 where you can access disclosure templates and public company disclosures for FREE.

At InScope, nothing brings us more joy than hearing from our customers. These words from Priti Ramani remind us why we started this journey. It's you - Controllers and your teams. To those facing challenges with financial reporting processes: We'd love to show you the "magic" our customers are experiencing. Let's connect and explore how InScope can get you out of manual, repetitive and error-prone processes in financial reporting.

Picture this: you're racing against a deadline, but your massive spreadsheet refuses to open, and each tiny change takes minutes to update – it's enough to make you want to flip your desk and question your career choices! Recently, one of our customers was struggling with a massive spreadsheet. It reminded me of the IVP webinar featuring Sowmya Ranganathan, OpenAI's Controller. She shared game-changing ways to use ChatGPT for spreadsheet mastery. If you haven't watched it already, I highly recommend you check it out --> https://lnkd.in/g4cDNRVx 🆓 P.S. DM me if you want access to InScope's simple and user-friendly disclosure library 📑 where you can access disclosure templates and public company disclosures for FREE.