Taking your business from a Start-up to a Scale-up is an incredible milestone. As you focus on building your brand and raising capital to grow, it is vital to simultaneously focus on financial reporting. Having a proper financial reporting structure not only demonstrates success, but it also instills investor confidence in the business, and its management.

Have you ever reviewed an expense transaction in a corporation’s books and wondered, “is this expense allowed?” Or have you ever expensed a transaction and asked yourself the same question?

If you have been in this situation, as a business owner or an employee, you are probably far too familiar with this “grey area”. There are those clear transactions that are not permitted, and often times you can identify these by merely appraising the vendor to whom the payment was made. On the flip side, you have other transactions that are undeniably business-related. Although it should be logical to decide whether or not to make that payment or swipe that corporate card, the question actually becomes, “will I get away with it?”