In today's constantly evolving business landscape, staying ahead of the curve is more important than ever. And one way to ensure your organization remains competitive is by investing in professional development courses for your employees. These courses not only...
Cash flow
Budgeting for a Startup: Tips for Getting Your Finances in Order
Starting a business is an exciting venture, but it can also be overwhelming, especially when it comes budgeting for a startup and managing your finances. As a startup founder, getting your finances in order is crucial for the success of your business. In this article,...
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...
P&L Management for Small Businesses
P&L Management begins with understanding your financial statements, including the P&L statement. Most small business owners are pretty familiar with the P&L because it is required for bank loans and other financial transactions. The P&L clearly shows...
How your financial statements can guide you through these challenging times.
Let’s talk about the boring side of your business. Financial statements and cash flow analysis are things that may scare and intimidate business owners because they do not know how to use them. Businesses today are challenged in ways they have never been challenged...
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
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
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...
An Effective Finance Team
Your finance team is responsible for your company's bookkeeping, reporting, data analysis, paying bills, sending invoices, tracking the AR, and helping you grow. Their knowledge of needs to go beyond reporting the numbers. A CFO can help to identify cost saving...
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...