Glossary

A licensed professional who can analyze and audit a company’s financial statements, provide financial advice and represent the company at meetings with Tax, Bituach Leumi and VAT authorities. Accountants frequently work with a company’s CFO or controller.

When one company buys another by paying cash, acquisition of shares, share swap or by incorporating the company . Some acquisitions can be hostile, where the company to be acquired puts up a fight or uses a variety of actions such as poison pill that devalues the stock if acquired.

A group of external advisors to a portfolio company. Less formal than a Board of Directors

The basic activity or an accountant who checks the company’s books and then describes how the company is doing, it’s worth, and takes step to correct problematic situations.

Someone who manages the company’s books including receivables, payables, cash flow, calculating income tax payments, bank reconciliations VAT payments, and creating reports such as monthly General ledger, P&L, VAT statements.

Businesses run according to a monthly and annual budget that tracks sales, expenses, capital expenses (rent, leasing, equipment, salaries) and opex including payments for services, electricity etc. Companies must track performance against their budget,  to see if they need to cutback on expenses, or, when they earn more than expected, make additional expenditures or hire extra employees.

Specialized investors  who provide enough initial cash to small startups to enable them to create a proof of concept and then raise more significant funds.  Angels usually receive a sizable chunk of potential shares for this activity.

These are loans or payments made by the government to small companies to help them start up.  Some grants come from the Ministries of Trade, Investment, Finance, Chief Scientist, and others.

The amount of money or assets that a company has.  This may be expressed by their facilities, equipment, human capitol, IP, etc.

The amount of money a company received during the month versus what it must pay out,  Cash flow is a key marker of the health of a business. Even if a company has many long term obligations, if it is cash flow positive, it is attractive and can often make a go of it.