CLOUD CFO BLOG

Accounting advice, made awesome.

Better Inventory Forecasting & Management

The Best 3 Ways to Reduce Inventory Costs

With all warning signs pointing to recession, many companies are looking at ways to reduce costs. For those in the consumer products or ecommerce sector they might specifically be searching for ways to reduce inventory costs: 1). Leverage your data to optimize your inventory management, 2). Forecast your true demand and, 3). Bundle dead stock to sell.

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How to Prepare Your Business for Inflation

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.

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Difference Between Bookkeeping and Accounting

5 Benefits of Outsourcing Bookkeeping Services

Are you on the fence about outsourcing bookkeeping services? You are not alone. Many business owners wonder, “Can I afford to outsource my bookkeeper?

You can’t afford NOT to if you are growing your business. Here are five pros of outsourcing bookkeeping services.

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Cut Business Expenses as You Grow

How to cut business expenses as you grow.

Now is a better time than ever to get your business spending under control. Unlike most accountants, we like to focus on growing your business but certain times call for cost-cutting measures. Better yet, if you can cut your monthly business expenses as you’re growing then you’re creating a great capacity to scale.

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