Accounting for Virtual Currency, What You Need to Know

September 13, 2022by Ravix Group

You’ve built a great online game; users are signing up at record speed and they are buying your virtual currency with the cute name — the cash is rolling in. Everything is great, and your Board of Directors and stockholders love you! Life is good, until… The Harsh Reality of Virtual Revenue Recognition You’re in...

Advice

The Other Kind of Exit: An 11-Step Program

September 5, 2022by Ravix Group

Following the tumultuous financial crisis of 2008-2009, if you were going into a fundraising mode, in all likelihood you were soon in a new position at a new company. If you were like most venture-backed companies, you reviewed the now infamous Sequoia Manifesto and hunkered down for a tough road ahead. In the post-pandemic economy,...

Advice

Sox Schmox!

August 30, 2022by Ravix Group

Here are some common misconceptions about the Sarbanes-Oxley Act of 2002: “We are not a public company, why should we worry about SOX compliance?” “Becoming and staying SOX compliant is very costly; we can’t afford that right now.”loo “All of those internal controls only get in the way of running our business.” Over the years,...

Consultation HR Functions

Misappropriation of Funds: Are You Liable for Employee Theft?

August 17, 2022by Ravix Group

Ravix Group has helped clients clean up the mess left behind by employee theft in Silicon Valley. With our assistance, you can prevent employee theft and lack of managerial controls. Management cannot allow lower-paid employees to have incongruous access to company funds, tempting fate and inviting dishonest activity. You can blame the economy, or fault...

Accounting Services

You Can Avoid Embezzlement- Here’s How

August 8, 2022by Ravix Group

Implement Checks and Balances for Transparency & Accountability Bernie Madoff: embezzler, thief and downright cheat. It is now common knowledge how the once trusted and revered Wall Street investment advisor scammed his investors out of at least $50 billion, proving that a friendly face can actually be the face of fraud. While his lies quickly...

Accounting

Creating Leadership Through Accounting

August 3, 2022by Ravix Group

Benefits of Outsourced Accounting in San Francisco Leadership in and through the field of accounting marks the difference between companies that are solid and stable versus companies that are unreliable and questionable. Companies whose fiscal foundation is questionable may well jeopardize a start-up’s IPO or acquisition prospects while those companies whose fiscal integrity is solid...

Accounting

Nurturing Your Startup Company? Ensure Good Accounting Practices!

July 14, 2022by Ravix Group

Why Do Startups Outsource Accounting Functions? If you operate a high-growth startup, you’re probably looking to raise venture capital. In this case, your management team needs access to carefully prepared profit and loss statements, balance sheets, and other critical reporting. You need experienced professionals with the knowledge and know-how to help you choose a quality...

Accounting

Why Outsource Accounting for Your Business

May 5, 2022by Ravix Group

If you ask any savvy business owner what the backbone of their company is, they will most likely tell you it’s a strong financial foundation. Without sufficient cash flow, companies cannot properly handle ongoing expenses and incur large amounts of risk and debt. Likewise, lack of financial organization can lead to unsatisfied employees and clients,...

Company History

December 16, 2019by admin

Services

Why Consider Outsourced Controller Services?

November 2, 2022by Ravix Group

Your company is growing quickly, which is fantastic, but your accounting has also become more complicated. With more cash coming in, aging invoices to pursue, and investors to attract, you simply need more help running your financial and accounting functions. A quick review of the budget reveals little room for a permanent, full-time controller. What...

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