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List of CFO Services That Small Businesses Can Outsource

By Analytix Editorial Team

November 27,2019 0 Comments
Outsource CFO Services

Growing small businesses often reach an internal tipping point when they need a CFO to handle financing strategies, budgets, and be the sounding board before big decisions are taken. However, small businesses typically can’t afford a full-time CFO and often don’t need one either. But given that 82% of business failures are due to poor

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Top Five Business Financing Options

By Analytix Editorial Team

September 10,2019 0 Comments

As a business owner, it can be a daunting task to determine the perfect financing option for the growth of your small or mid-sized business. Let’s dig into the top five ways of financing: debt, equity, and the latest alternative financing options: crowdfunding, peer-to-peer lending, and corporate cards. Types of Financing Options Available 1. Debt

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Top Three Ways to Make Your Business Creditworthy

By Analytix Editorial Team

September 10,2019 0 Comments

Want to grow your business? Good business credit is the key to getting funding for your venture, but establishing a positive business credit history does not happen overnight. Here are the top three ways to make your business creditworthy. 1. Maintain a Healthy Business Credit Score Your personal and business credit history is an important

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Why Your Business Must Have a Budget

By Analytix Editorial Team

September 10,2019 0 Comments

For various reasons, many small and mid-sized businesses don’t budget. A staggering 61% of small businesses didn’t create a budget in 2018 and around 82% of startups fail just because of cash flow problems. Below are five reasons why budgeting leads to financial stability and success of your business. 1. Predicts cash flows and avoids

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CPA FAQs: How Can I Add Value to My Accounting Services?

By Analytix Editorial Team

June 19,2019 0 Comments
CPA FAQs How can I Add Value to My Accounting Services

Accounting and bookkeeping together form the backbone for financial operations. However, it is no longer enough to continue focusing on hardcore accounting or bookkeeping chores; businesses are increasingly looking for additional value with the solutions they seek. According to an online survey, 72% of small business owners switched their CPA or accounting firm because they

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Key Ratios Essential for Any Business

By Analytix Editorial Team

July 17,2018 0 Comments

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

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Importance of Measurable Business Metrics

By Analytix Editorial Team

July 17,2018 0 Comments

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

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How the CFO Contributes to a Better Managed Business

By Analytix Editorial Team

May 24,2018 0 Comments
How-the-CFO-Contributes-to-a-Better-Managed-Business

A CFO is indispensable when it comes to driving value and growth by supporting financial operations, budget compliance, and operations management while keeping costs controlled. Today, the CFO is emerging as a primary engineer of overall business success, not just financial success. While the key responsibility area of a CFO remains financial operations, it is

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Preparing For a Business Audit

By Analytix Editorial Team

May 24,2018 0 Comments
Preparing-For-a-Business-Audit

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

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Why a Small Business Should Outsource a CFO

By Analytix Editorial Team

January 31,2018 0 Comments

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

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