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...
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...
The Purpose of Financial Statements

The Purpose of Financial Statements

Financial statements are the way that you can track the performance and changes of your company or organization. Regardless of the type of business or nonprofit you are running, there are many different people that would be interested in the financial statements...
Nonprofits and their Financial Statements

Nonprofits and their Financial Statements

Nonprofits need to be as concerned and dedicated to their financial statements as any for profit business. Nonprofits are a business that operate for their mission and still need to review and evaluate their financial statements for the health of the organization....

Cutting Costs

Running a business means you will have costs associated with your company. However, an important part of managing your business is learning how to reduce expenses. Working with a CFO company can help you to determine what bills are due when and also how to reduce some...