Small business owners face a multitude of challenges as they struggle to develop their business from infancy to a stabilized operating entity. One of the most critical areas to manage from the financial and operational perspective is cash flow. Following are several strategies that business owners can apply to assist with cash flow management. Almost

Small business owners sometimes mistake profitability for cash flow. Whereas a company can be profitable on paper, it can simultaneously be “cash poor” lacking the resources to pay bills, including payroll. This is the type of situation that small businesses and startups seek to avoid, as cash flow can literally make or break a business.

Financial reports provide insight into a company’s health and financial status for a particular time period. Financial reports are designed to provide data to the company’s shareholders, including potential shareholders or investors. Thus, financial reports must provide accurate and relevant data to enable decision making. Relevant financial reports should contain enough data to assist investors

Accounting and bookkeeping functions play a large role in deciding the financial viability of a business. In the case of the small or mid-size company, this holds all the more true. When every little decision and operation is determined based on budget, it makes sense to understand whether all your hard-earned money is allocated correctly.

You seized the opportunity to start a new venture, dedicated yourself to making it work, and now you’re the owner of a successful, small business. But how do you break through that glass ceiling? Here are some suggestions which will help propel your small business to the next level. Reassess Business Plans Take a closer

If your company is positioned to leap into the next level, and professional growth and expansion is what you are now facing, accounting and financial accuracy takes on an even more critical role. Clean and detailed financials will help to: Uphold investor faith Know exactly how much money you possess, to allocate to different ventures

Decision-making is key to growing a business. For any small business, regardless of its industry, decision-making is what will ultimately determine the future of the business and the direction it takes. Why a CFO in particular? Accounting and financial management play a large role in business decision-making. For this reason, it is vital that your

For any company, solid financial management practices are necessary to ensure profitability. As a business owner, where should you focus your efforts – on client deliverables, or on managing your revenue well? CFO services could be a solution to that issue. Management of Funds CFO services involve a careful scrutiny of your accounts, including profits

Several factors determine whether or not outsourcing specific tasks is the best option for your company’s needs. Scalability is one of these. At the core of the scalability factor rests the theory that you only pay for what you use. This means that a small business can save a significant amount of money that would

As with many other industries, accounting is “going online”. This is especially true for small to mid-sized companies. Fortunately, there are several software solutions on the market which are designed to simplify online accounting processes for startups and small businesses. QuickBooks, Intacct, and Sage 50 (previously branded Peachtree) are three such applications. Following is a