Balance sheet

Accounting Terms 101: A Beginners Guide for Business Owners

Accounting Terms 101: A Beginners Guide for Business Owners

As a business owner, you may have heard various accounting terms thrown around, such as balance sheet, cash flow, and profit and loss statement. However, it is essential to have a clear understanding of these terms to make informed financial decisions for your...

The story of a nonprofit’s bookkeeping challenge

The story of a nonprofit’s bookkeeping challenge

If you are like most nonprofit businesses, you are keenly aware of the financial and bookkeeping challenges it takes to successfully run your business. A nonprofit’s day to day operations are the same as any other business but you need to make especially smart hires...

Top 6 Reasons to Outsource Bookkeeping

Top 6 Reasons to Outsource Bookkeeping

If you’re a small business owner or nonprofit leader looking to save both time and money, there are a number of reasons why you should outsource bookkeeping. Here are six benefits to outsourcing your bookkeeping: More time for your business. Because there’s never...

Role of a CFO

Role of a CFO

Your CFO  is not only responsible for a company's finance and accounting function, they need to also be a a strategic partner who can help analyze a business’s strengths, weaknesses, and will assist in putting together a strategic plan. A CFO should be a forward...

The Difference Between Bills,  Invoices and Statements

The Difference Between Bills, Invoices and Statements

As a business owner, invoices are sent to customers who are not paying immediately after a job has been completed or a service was provided. Customers will be paying at a later time and an invoice is sent to break down the cost owed to you. A bill is money owed to a...

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