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...
Presenting financials

Presenting financials

After carefully tracking and accounting for all transactions, a presentation of the financial statements helps business owners stay on top of their financials. It is helpful to start with the balance sheet, move on to the income statement, and end with your cash flow....
Tracking for grants

Tracking for grants

Grants need to be accounted for at all times and many organizations do not realize that it is necessary to establish proper and transparent accounting practices in order to manage grants and continue to receive them. All income and expenditures from the grant need to...

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...

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...