Small and medium businesses have limited resources. Often the owners have to do a million things at once. Besides running day-to-day business operations, they even have to do their own bookkeeping. What’s the harm in it? Put simply, it steals your focus from things that need your utmost attention. Managing books isn’t the most complicated…
Among the three most pivotal financial statements, an income statement or the profit & loss (P&L) statement entails all essential details about your revenues and profits over a fiscal year. Coupled with a Cash Flow Statement and Balance Sheet, it provides investors, stakeholders, and executives with a complete 360 view of a business’s financial health,…
Variables are part and parcel of every business, and successful business owners know how to manage these variables like a pro. From managing staff to maintaining bookkeeping ledgers, business owners must oversee a hundred things to ensure their business doesn’t go belly up. Safe to say, managing cash flow tops the list of essential things…
When a bookkeeper or accountant leaves, you must spring into action and find a replacement soon. When the CFO leaves, the task becomes 10X more urgent. More often than not, the urgency results in rash calls that derail the business from the winning track and stall progress. Be it a blue-chip business or an emerging…
In today’s business world, it isn’t enough to have a CFO who excels in reporting and brings you key financial insights and data on a platter; they must do more. A CFO must be like a strategic partner who helps you make and implement winning strategies that enable your business to scale exponentially and accelerate…
You can’t build an enduring business without the right talent. Recruiting top talent is pivotal to long-term business success. However, finding the perfect talent from a pool of mediocre ones is easier said than done. It is not like the odds are stacked against you, or you always have to settle for less than the…
R&D activities frequently occur in small and medium businesses that use innovation to create space and impact in the industry. More than 30 million small businesses in the USA use innovation to boost efficiency and get the winning edge. However, the majority fails to capitalize on the startup R&D tax credit on offer by the…
Construction accounting is not just tracking accounts payable, receivable, and payroll. Unlike other businesses, construction companies have to manage other anomalies like job costing, retention, progress billings, change orders, and customer deposits. These extras make CIP or construction in progress accounting relatively more complicated than regular business accounting. What Accounting Method Do Construction Companies…
Are you a business owner chasing a dream? Are you a CEO fed up with slip-ups caused by ill-informed decision-making? Are you a startup owner struggling to find the right way forward? If so, you direly need a CFO – A finance expert who can help you make informed decisions, find the best way forward,…
The hunt for a technical co-founder is often the number 1 priority of startup owners. On number two comes the need to establish a solid business runway. Can you guess what comes next? Accounting. Accounting for startups is a must-do for business owners who want to move up the business ladder of success. Failure to…
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