Small Business Checklist for 2024
A new year, a fresh start. Isn't that right? Not always, but it does serve as a nice reminder to check in with a few…
Cash Flow: A business owner’s guide to understanding cash flow
A comprehensive guide to understanding cash flow. What is cash flow, how do you report it, and why does it matter?
8 Red Flags it’s Time to Switch Accountants
When small problems affecting your business growth begin to seem anything but small, it may be time to examine whether it's time to switch accountants.
A Year End Checklist + How to Prepare Your Business for the Holiday Rush
Preparing for year-end finances shouldn’t only be about taxes. It’s a perfect time to begin business planning to meet your financial goals and start off the year with clean books.
Budget Process Steps: A Guide for Small Businesses
Taking the correct budget process steps play a crucial role in the success and growth of small businesses. It allows entrepreneurs and business owners to gain financial stability, make informed decisions, and set and track their financial goals. And yet, many small businesses still don't have a budget.
What is an Outsourced Controller and What Do They Do?
An outsourced controller is an experienced financial expert, outside of your own company structure, who handles a range of time-consuming tasks such as: supervising daily…
Break-Even Sales Formula: How to use it and why it matters
The break-even sales formula tells you if your company's revenue = expenses. Or simply how many products you need to sell to make a profit.
Month-End Closing Checklist for Small Business Owners
Create your own month-end closing checklist to close your books faster each month. Closing your Books Faster One of the first things a client wants…
Working Capital Ratio vs. Cash Conversion Cycle
Your working capital ratio (also referred to as your current ratio) and cash conversion cycle are important measures of your company's liquidity.
How To Forecast & Prepare For Inflation
With inflation soaring to 8.6% in May, every business owner, no matter the industry, should update forecasts with the assumption of higher costs. There are two things that you can do as a business owner to prepare for inflation and protect your profit. The first thing is to monitor costs and secure your prices from suppliers, either over the short-term or long-term. The second thing is to raise your prices.