“Should I hire a bookkeeper for my business?” Most business owners will ask themselves this question at some point in their business journey. Hiring financial professionals for your business can be daunting, and knowing which financial professional you need to hire is the first step. In this article, we delve into the intricate world of […]
Hiring financial professionals for your business is pivotal to its long-term success. However, you may have questions about whether your business needs a bookkeeper, accountant, or even an outsourced CFO. Hiring a bookkeeper, accountant, or outsourced CFO can significantly impact your company’s financial health. In this post, we’ll explore the distinctive roles of these financial […]
Financial management for nonprofits can be a challenge for many. This article explores outsourcing financial management tasks such as accounting, bookkeeping, and CFO services as a cost-effective solution. As nonprofit leaders, your mission is to drive positive change and make a lasting impact. However, the financial responsibilities that accompany these ambitions can be overwhelming. That’s […]
Maintaining accurate financial records is the backbone of any successful business. They help provide you with a clear understanding of your company’s financial health and performance, which is essential for decision-making, financial planning, and regulatory compliance. Inaccurate financial records, on the other hand, can lead to disastrous consequences, including loss of reputation, legal issues, and […]
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 […]
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 […]
Bookkeeper, accountant, or CFO. Which does your business really need? As a business owner, it’s important that you have solid financial professionals on your team. But before hiring, it’s critical to understand the role each of these professionals play and how they differ. In this article, we break down the key roles and responsibilities for […]