Understanding the basics of financial statements is an important skill for any business owner. By having a basic understanding of the three main financial statements – balance sheet, income statement, and cash flow statement – you are able to see a clear picture of your company’s financial health and make informed financial decisions. However, not […]
What are 1099s? Do I need to file 1099s? Who gets a 1099? These are questions that many business owners are asking around the end of the year.
If you’re in business, you’ve likely heard the term KPIs thrown around regularly. But what are KPIs? In this article, we explore what KPIs (key performance indicators) are, their importance, how to write them, and key examples. What are KPIs? Key performance indicators, or KPIs, are quantifiable or measurable values that are used to evaluate […]
Outsourced CFOs (also called fractional CFOs or external CFOs), are becoming increasingly popular within the business world. Hiring an outsourced CFO for your business has a number of distinct benefits. This article discusses the benefits of an outsourced CFO and what you can expect when working with an outsourced CFO. Outsourced CFO vs. Full-Time CFO […]
It’s a wise practice to implement a year-end business review as a part of your end of year routine. While it’s exciting to look forward and plan for the year ahead, how will you know how to effectively create a plan if you fail to first look back at this year? Without conducting a year-end […]
Learn how to clean up your books in order to prepare for a strong end to your year. Business owners often have the best of intentions to stay on top of their own accounting and maintain accurate financial records. However, busy schedules and other pressing responsibilities can leave your accounting tasks on the backburner. You […]
Having a Chief Financial Officer, or CFO, on your team is an invaluable resource. A CFO plays a vastly different role than bookkeepers or accountants. Many business owners may find themselves asking the question, “What does a CFO actually do for your business?” This article aims to answer that question by explaining why CFOs are […]
A few weeks ago, some of our team members traveled to Orlando, Florida for the Scaling New Heights conference. SNH is a multi-day event for Accountants and other Business Advisors that offers the largest tech expo for Accountants in the country and more than 100 unique education sessions. Over four days, our team attended classes […]