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Improving your cash flow

Improving your cash flow: Cash, different from profit and revenue, helps a business stay up and running. Consider the following tips to improve your cash flow (especially when times are tight): Consider getting a company credit card so you can pay for things in...

Advantages of a PT CFO

Advantages of a PT CFO: Hiring a part time CFO for your company allows your small to mid sized company grow. It saves you time - you will have a designated professional in the role allowing you to focus on running the business, not managing the work. It saves you...

Getting started

Getting started with your business: You have a great idea, and you are ready to start your own business. Here are a few things you will need to get started: A great website Office equipment like computers/registers/phones/business cards A lawyer to help set up your...

Signs your business needs a CFO

Signs you are ready to hire a CFO: It would be logical to think the more revenue a company has, the more likely they need a bookkeeper/CFO to handle their finances. However, a company generating millions of dollars but only selling a few units a year could not be in...

Affording a CFO for your company

How do I afford a CFO? As a small or medium sized business owner, hiring someone to manage your bookkeeping and financial statements may seem out of the question and some try to tackle the management on their own. However, the investment in hiring or outsourcing your...

Is a part time CFO right for my company?

Part time vs full time CFO: Most small to mid-sized companies do not need a full time CFO and accounting/bookkeeping department. Hiring a part-time CFOs is not only cost effective but it should offer an outside perspective that delivers insight to strategic decisions...

Why a CFO

What can a CFO do for my company? The CFO is responsible for keeping accurate financial records and for reporting on a company or organization’s financial status. A CFO will produce monthly and annual financial reports. Depending on the size of a company, a CFO can...

Your financial puzzle

Your financial puzzle When you started your business or became the head of an organization, figuring out the financial statements and bookkeeping was probably the most complicated and stressful part of the job. You didn't start your company to become a bookkeeper or...

Budgeting vs projections

The difference between budgeting and projections: Budgeting and forecasting are two extremely important functions for your business, regardless of size. Although linked, the two are not the same. Budgeting can be seen as your company's blueprint for the year. It is a...

Budgeting

Budgeting: Budgets estimate both your revenue and expenses for the year. It is a quick snap of your financial goals and shows how you plan to allocate your resources. It is a powerful tool because most of your financial statements are compared to your budget (which...