10 Steps to Better Financial Insights From Your Finance Function
As operators, we know how many balls a small business owner needs to keep in the air. Sales, operations, crisis management, and the crucial yet often neglected realm – financial administration. This is where the services of a virtual CFO can prove invaluable. Days are spent on your core business operations, leaving nights and weekends […]
Get Tighter Control of Your Business with Outsourced & Virtual Bookkeeping
As a business owner, it’s natural to be hesitant to hand over the reins of your accounting processes and financial reporting to an outsourced virtual bookkeeping firm. You trust your in-house bookkeeper to file the taxes, get the bills out on time and do a reasonable job of collections and recording financial transactions. Reports may […]
Why You Need a Financial Close Checklist
As a refresher, a financial close is the process of entering all of your expense and revenue transactions from the most recent period, reconciling your bank and credit card accounts and a handful of others steps that tie up loose ends to set the stage for providing an accurate view into your firm’s performance over […]
Manage SaaS Growth Fears with Cash Flow Forecast & Cash Burn Rate
The CEO of a high-growth SaaS company has plenty of things to worry about on a daily basis. One of their biggest anxieties, however, can simply be the fear of running out of money. One successful client SaaS CEO recently characterized that sense of dread as “raw terror.” He went on to share just how […]
Small Business Insights: What your Reporting RevealS about Your Firm
Are you thirsting for more business information? You know that feeling when you’re so thirsty that you just can’t stand it anymore? Sweat is beading on your brow, you’re parched and all you can think about is a pint of cold water (or beer!). This is exactly how small business owners should feel when they […]
Fundamentals of Financial Management: The Secret to Profitable Growth
HOW TO GET MORE FROM YOUR Virtual CFO, & Virtual BOOKKEEPER What are your goals for your business? Do you want to expand your market, release a new product or increase sales? Believe it or not, whatever your primary goal is for your company, the key to achieving it lies, not in your sales department, […]
How to Find Gross Profit Percentage: Careful- It’s Often Misleading
As a business owner, you know that your gross profit is an important figure, to you and to potential (or existing) lenders, investors and acquirers. For starters, your pricing strategy, ability to benchmark your performance and even you firm’s value are all influenced by your gross profit. To ensure it’s accurate, check your books and […]
Stop Managing Your Books for Uncle Sam
Most small business owners keep bookkeeping records because they have to, not because they want to. Said another way, they manage their firm’s finances primarily for tax compliance purposes. But in so doing, they miss out on critical insights their financials can provide to help them grow their business. Of course it’s important to maintain financials […]
October Small Business Tax Deadlines: They Don’t Have to Be Scary
Halloween isn’t the only frightening event in October; there are several October small business tax deadlines looming ahead. Here’s the list of important due dates next month. October 2 – Businesses who take wagers must file form 730 and pay taxes on wagers accepted in August; October 31 is the deadline for wagers accepted in September. […]
Sources of Competitive Advantage: Start With Your Finance Department
The term “competitive advantage” might trigger thoughts of a company with a defensible market position, best product, lowest price (and cost), superior customer service or consistent client outcomes. But the truth is, there are many sources of competitive advantage within an unexpected area: your finance department. The Right Information at the Right Time Those reports […]