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Accounting Services for Small Businesses Technology has allowed small and medium sized business to serve national and global markets. No longer are they confined to their specific geographical region. Utilizing service-based companies has helped streamline business. Accounting services is an area where these businesses have benefited. Skilled accounting experts that
Financial Terms Glossary The finance and accounting world utilizes terms to quickly refer to a process or procedure. These terms can be intimidating for the entrepreneur and small business owner. Terms that can make the controller or CFO come off as too technical. The following financial terms glossary is written for non-accountants
How to Read a Set of Financial Statements The small business owner is a busy person. From watching sales numbers to hiring new employees, they have limited free time. When their accountant hands them the monthly set of financial statement they first look at sales and net income. But what
What is a Credit Memo? Small, medium, and large business owners sell their products to a wide variety of customers and clients. Sometimes orders become damaged, incomplete, or the wrong product is shipped. When this happens, the customer will want to be compensated for the damaged or returned items. This
What is a Key Performance Indicator? Small and medium business owners are pressed for time—they wear multiple hats while keeping their customers, vendors and employees happy. In all of the management, financial strategy and financial metrics tend to get put on the backburner. The time necessary to critically analyze a company’s progress
Outsourced CFO: a comprehensive guide In the dynamic world of business, financial management is key. Yet, not all businesses can afford a full-time CFO. Enter the Outsourced CFO. An outsourced CFO, or a virtual CFO, offers a solution. They provide high-level financial expertise without the cost of a full-time executive.
What is Free Cash Flow? Businesses survive and thrive on cash. Cash allows businesses to take risks, seek new opportunities, and to strengthen their financial statements. Generating cash requires professional expertise. While most businesses have actual cash, the problem is determining how much of this cash is needed to pay vendors
What is Accounts Receivable? Accounts receivable allow for a business to increase cash flow and move inventory quickly. They are, essentially, credit sales. When a business sells a product or service it has two main options for collections: Cash for the product purchased is immediately received Cash for the product
What is Inventory? Is inventory an asset? Is inventory an asset? Over my 20+ years in public accounting, I frequently came across this question. From a small business owner standpoint, this answer isn’t always clear. Most small business owners view inventory as cash out—a business expense. Inventory an asset or
Virtual CFO Services – Digital Agencies https://www.youtube.com/watch?v=1_-9aYrKF1A Transcripts Hello everyone, in this video we’re going to go over budgeting for digital agencies. Now, even though this is geared more towards digital agencies, if you’re a service based organization you can utilize this video. Obviously take out the word digital agencies
Should your company engage a Virtual CFO for hire? Before getting into the nitty gritty of this question you should be asking what is my company’s objective? It is important to understand where you want your company to go before starting down the path of seeking a Virtual CFO (VCFO)
What’s a Fractional CFO & What Do They Do? Talk with one of our Fractional CFOs today! Schedule a FREE Consultation
Tie out meaning in accounting: the balance sheet Learn more about our Virtual CFO services Schedule a FREE Consultation Today
Capital Contribution Accounting Learn more about our Fractional CFO services Schedule a FREE consultation Additional information on this topic:
Depreciation – the hidden replacement costs Learn More About Our Virtual Controller Services Schedule a FREE Consultation Additional information on this topic:
Cash Flow Statement: The Missing Piece Learn More About Our Virtual CFO Services Schedule a FREE Consultation Related Posts
Measuring Production Efficiency: Key Metrics Explained In the world of manufacturing, production efficiency is a key player. It’s the measure of how well a production process converts inputs into outputs. But how do you quantify this efficiency? How do you know if your production line is performing at its best?
What is Free Cash Flow? Businesses survive and thrive on cash. Cash allows businesses to take risks, seek new opportunities, and to strengthen their financial statements. Generating cash requires professional expertise. While most businesses have actual cash, the problem is determining how much of this cash is needed to pay vendors
Enhance Sales Through Product Profitability Analysis As a business owner, you are likely always looking for ways to increase your profitability. One often overlooked aspect of profitability is analyzing your products. By carefully looking at your products, you can figure out which ones make the most money and which ones
From Concept to Creation: The Process of Manufacturing The manufacturing process is a complex journey. It transforms raw materials into finished products. This journey involves numerous intricate steps. Each step is crucial to the final product’s quality and functionality. In this article, we delve into these steps. We investigate various
Top 5 Features of BOM Software In the world of manufacturing and product management, efficiency is key. And when it comes to managing a Bill of Materials (BOM), software solutions are a game-changer. But what makes BOM management software so special? It’s all about the features. These tools offer functionalities
how to find break even point Finding your break-even point is crucial for any business. It helps you understand when your business will start making a profit and ensures you’re on the right track. The break-even point is where your total revenues equal your total expenses. In this article, we’ll
Understanding the Basics of Financial Modeling Financial modeling is a crucial skill for anyone involved in finance, whether you’re a financial analyst, an advisor, or a business owner. This article aims to break down the basics of financial modeling, helping you understand what it is, why it’s essential, and how
Digital Accounting Software Streamlines Finances In the digital age, managing finances has become more streamlined than ever before. Thanks to digital accounting software, businesses can now automate and simplify their financial processes. This software is not just a tool for accountants. It’s a powerful asset for business
