What does a fractional CFO do?
A common question we get asked: what does a fractional CFO do? So, you’re in need of some financial guidance
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.
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.
4 Tips to Create an Expense Policy
Still don’t have a written expense policy? Don’t worry, you’re not alone. Many businesses and startups overlook this item at the beginning. Initially, it may seem unnecessary because there are not a lot of travel and expenses incurred and, if there are, they are mostly incurred by a select few people.
7 Tips to Build a Better Inventory Forecast
Why should a retail or ecommerce business strive for better inventory forecasting and management to increase profits? Simply put, poor demand forecasting = higher carrying costs.
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:
Financial Projections: 3 Mistakes You’re Making and How to Fix Them
Many entrepreneurs know they need financial projections to secure a business loan. But not all understand the building blocks necessary to create more reliable financial projections.
How to Streamline Your Monthly Reporting Like a Boss
Monthly reporting is one of those operational necessities that often becomes neglected. Here are three ways you can streamline your monthly reporting.