Whether you are a startup CPA firm or an accounting and bookkeeping services company, ensuring a consistent revenue flow and practicing efficient operations is invaluable. This is especially true as the pandemic continues to present new challenges to small and mid-sized businesses fighting to retain sustainability.  Luckily, the US Small Business Administration has announced additional

The Chief Financial Officer (CFO) drives and influences business growth through an understanding of financial operations and the ability to guide operations. The CFO oversees and evaluates financial operations, provides forecasting and budgeting, and guides companies in making informed decisions about future growth. The Part-Time CFO The benefits of a CFO are invaluable but come

Maintaining healthy cash flow is a daunting task for even the savviest business owners. With poor cash flow management, it only takes one small downturn to cause your business to close shop completely. Fortunately, there are steps you can take to increase your cash flow and avoid potential problems. Here are the best practices that

For small business owners and startups, cash flow often becomes a hurdle that keeps them from achieving their full potential. Part of the struggle stems from tight margins, and at times from a smaller client base, which ultimately means fewer cash flow channels. According to Intuit’s 2019 State of Cash Flow Report, nearly two-thirds (69%)

Imagine doing business without the knowledge of whether the efforts and investment spent are of any use at all or not. Ratios are vital to business, to measure growth or any advancements from its starting point. Here are some ratios that are essential to a small business growing rapidly into a mid-size one: Efficiency Ratios

A metric is by itself a quantifiable measure used to assess a business process. Metrics are different across industries and roles: marketing metrics differ from sales metrics, in turn differing from those measuring consumer satisfaction, employee performance, etc. Business metrics are vital for any business from the standpoint of efficiency and performance. For any business

Audits are conducted for several reasons, one of them being to ensure that reports and financial statements conform to requirements. Audits also provide information on the business’s accounting and whether or not it is in order. Investors and other shareholders utilize audit information to understand the financial health of the business. Furthermore, the IRS may

For a business to be successful, it should strive towards becoming a high-economic value venture. One way to ensure this is by having an exit strategy in place that established the business as a viable acquisition for other companies or for a smooth transition from one business structure to another.  An exit strategy is not

Most decisions in a small business are often driven by the budget or additional money available to invest in the business. Hiring resources is no exception, and the decision to hire a CFO may be deferred on the grounds that it could be too expensive for a small business. However, not having access to a

A CFO’s role is that of a change agent who brings together the capabilities and resources of the business to ensure accountability in areas like performance, operations, etc. A second responsibility that rests with the CFO is that of the agent who brings together key data and information, including strategic plans with the help of