The Unsure Entrepreneur

Most small business owners rely on a part-time bookkeeper and an accountant who shows up once a year. My guest explains why that setup leads to inaccurate financials and lost opportunities: “We lost deals because the financials were a mess—expenses were recorded in the wrong months, balance sheets were out of whack, and investors walked away.”

In this episode, Daryl Ching, CFA and Managing Partner at Vistance Accounting, shares what every founder needs to hear about accounting, cash flow, and the real cost of ignoring your books. 

With ten years on Bay Street and another decade advising startups, Daryl has seen it all—from failed capital raises to growth-stage wins. He’s been a trusted voice in the media recently, appearing on BNN Bloomberg and The Globe & Mail to talk about interest rates, recession signals, and small business risk.

Daryl outlines how outsourcing accounting not only saves time but also boosts decision-making. A recent survey shows it frees up 9.1 hours per week and boosts owner confidence in 98% of cases. He explains why monthly financials by the 15th matter, how to find margin leaks in your product lines, and what to cut when expenses creep up. He also breaks down why fractional CFO services offer big value to small businesses. “If your accountant is six months behind, you're running your business on gut. That’s a huge risk.”

Listen for tax-saving strategies, how to clean up your books, tips to attract investors & more.

Resources:
Daryl Ching on LinkedIn
Vistance Accounting website