How to Monitor and Understand Budget Variances
The good, the bad, and the how-to for budget variance analysis. We cover what they are, and offer our best tips to monitor and understand your budget variances.
Difference Between P&L and Balance Sheet (And why it’s important)
We often see prospective clients paying special attention to the profit and loss statement (P&L), but ignoring the balance sheet. That's a mistake, as both are important. Let’s drill into their difference between the balance sheet and the P&L with this cheat sheet:
How to Lower Customer Acquisition Cost (And make customers more valuable).
Congratulations, you have managed to persuade a customer to purchase your product or service. In fact, you have managed to repeat this action over and over again. But, do you know the true cost to acquiring those customers and have you figured out how to improve that cost?
Landed Cost Calculation and Tips to Improve
Landed cost is the total expenses associated with shipping goods from the source to buyer. This could mean to a warehouse or to a customer’s doorstep. This is an important KPI in supply chain management. Sounds simple? There are many external factors that can affect landed cost.
How to Write a Price Increase Letter
Price hikes are always a delicate business decision to make. You don't want to raise your prices too high and scare your consumers or clients off, but you want to address your business needs.
What is the Difference Between Bookkeeping and Accounting
We answer a common question for growing companies who are considering outsourced accounting. “What is the difference between bookkeeping and accounting?”
How the R&D Tax Credit Can Help Your Growing Business
Did you catch our post on prepping for year-end? We know you are busy, so if you happened to miss it, No. 10 on the list was familiarizing yourself with the new tax law changes. Wondering where to even begin? Well, the research and development (R&D) tax credit is one you will not want to miss. This article takes a closer look at the logistics to this tax credit and how it can benefit startup companies and growing businesses.
What is a cash flow statement and why is it important?
Your cash flow statement shows the business cash inflow and outflow over a specific period of time. Cash flow indicates whether your company can generate and use cash in a sustainable way. A successful business needs cash to: Pay employees, purchase materials, goods and supplies, meet overheads costs and cover debt.
Year-End Tax Savings: What’s Better Than Saving Cash This Time of Year?
You may remember that we recently posted our essential year-end checklist. In this article, we take a closer look into the strategy of using up your end-of-the-year budgets to maximize your tax deductions in the current year.
Free Cash Flow: The KPI You Can’t Fake.
Why is Free Cash Flow (FCF) important for scaling companies? Simple. FCF enhances shareholder value and is an attractive metric for investors compared to price-earnings. Discover how you can easily calculate and build your company's FCF.