Outsourcing your accounting or CFO tasks can be a smart move for your business. It allows you to focus on your core activities, while professionals handle your finances. But not all outsourcing firms are created equal. So, what should you look for? More importantly, what should you avoid? Here are some things to avoid when
Red Flags in an Outsourced Accounting Firm Read More »
What is the best business credit card? What is the best tool for managing receipts and coding credit card charges? We get these questions a lot from new clients and it is amazing how often businesses struggle with outdated, expensive and time-consuming credit card and expense management systems for tracking receipts. Luckily, there is a
The Best Business Credit Card and Expense Management System Read More »
Business owners: How can your company grow if you are overloaded with the daily goings-on of your business? Micro decisions on purchases, sales problems, inventory issues and everyday employee matters. If this at all sounds like a typical day for you, then every day you are being pulled away from what you should be doing
The Astero Triangle: Keeping CEOs Out Of the Daily Grind Read More »
Running a small or medium business requires maintaining a tight grip on budget, personnel, and resources. However, all businesses need trustworthy accounting services. To get the most from a professional accounting service for your company without the overhead of hiring a team or individual for the process full time, consider integrating fractional accounting services. What
What Is Fractional Accounting and Is It Best for Your Company? Read More »
Forecasting the amount of cash that your business has will be integral in making plans for expansion, hiring, and purchasing. Additionally, predicting cash flow and knowing more about finances can keep your business from folding. Among the top five reasons that startups fail, the second is running out of cash, accounting for 29% of failures. The
Cash Forecasting 101 Read More »
While your business might be able to have a single person keeping the books initially, eventually, your company will need more help to handle growing profits, more locations, or complicated taxes. When you choose to outsource accounting, your business gains the same benefits that large companies have with much less overhead. What Is Outsourced Accounting?
Why Your Company Should Outsource Accounting Read More »
The Chief Financial Officer (CFO) and the Chief Executive Officer (CEO) will often consult with each other on various business matters. Neither can do their job without the other. However, when it comes to CFO responsibility, it does have distinctions from that of the CEO. What do CEOs really need from their CFOs and how
What Is the CFO Responsibility to the CEO? Read More »
When planning your business\’s finances, a KPI dashboard will make visualizing your goals and progress easier. However, you need to effectively set up an easy-to-read dashboard that makes seeing your progress at a glance simple. Keeping your KPI updated weekly allows your business to keep it current as you move toward the goals. Here are
Setting Up a Weekly KPI Dashboard Read More »
Annually, businesses lose $50 billion from employee theft, with an average loss of $1.13 million per company. Such a crime can devastate small and medium-sized businesses with tight profit margins. Companies of these sizes, unfortunately, make up 68% of those affected by theft. Rather than waiting for it to happen to you, take steps now to protect
How to Protect Your Business from Employee Theft Read More »
