You may be wondering whose job it is to make sense of all the financial data in your small business. It usually isn’t a bookkeeper or accountants job who is mostly responsible for ensuring bookkeeping is accurate and financial records are completed on time. The role of a part-time or contract CFO,…Read More
Small business owners face a number of challenges every day, and accounting is a big one. Accounting is probably not your passion, but keeping your books organized is crucial for your small business. Some of these challenges have the power to influence business operations, profitability, efficiency,…Read More
Businesses owners have to be prepared to handle their monthly small business expenses. Do you ever get slammed with monthly bills because you're unprepared? Most small business owners aren’t strangers to unexpected business expenses, especially in 2021 when the small business landscape has major u…Read More
Preventing fraud may not be top-of-mind for most small-business owners, but accounting professionals understand that fraud is a real – and potentially costly – risk. Small businesses are more likely to become victims of fraud than larger businesses. In fact, Small businesses are the most vulnera…Read More
The Secret To Understanding Cash Flow When operating a small business, positive cash flow is essential to survival. Many business owners underestimate just how vital managing cash flow is to their business's success. Your cash flow provides you with a better understanding of your business’s liquid…Read More
When you’re running a business, your income statement should be the financial statement you’re most familiar with. You use an income statement to track revenues and expenses so that you can determine the operating performance of your business over a period of time. Small business owners use thes…Read More
Profitability is a key ingredient to your success as a small-business owner. You need a clear view of your cash flow—where your money is coming from, how much you have at any given moment, and where it’s going. Quality accounting software can help you do just that—and a little more. Why Do I n…Read More
A small business owner only has so much time to do tasks for your business. Once your business hits a certain point of growth, you will have to add more employees and add them onto your payroll. More employees should result in further growth for your business since more hands on deck means more work…Read More
Outsourced accounting services can be a great resource to improve your financial systems and boost your business results. There’s no doubt that your company will benefit from experienced advice and guidance to help with cash flow and profit evaluation. But, how do you know which outsourced account…Read More
Financial controllers are responsible for all of the day-to-day operations in the finance department, reporting directly to the finance director. This is a role that requires balancing the hands-on financial management of a company with decision-making at the highest level. Small businesses in Phoen…Read More
