Preventing fraud may not be top-of-mind for most small-business owners, but accounting professionals understand that fraud is a real – and potentially costly – risk. Small businesses are more likely to become victims of fraud than larger businesses. In fact, Small businesses are the most vulnera…Read More
The Secret To Understanding Cash Flow When operating a small business, positive cash flow is essential to survival. Many business owners underestimate just how vital managing cash flow is to their business's success. Your cash flow provides you with a better understanding of your business’s liquid…Read More
When you’re running a business, your income statement should be the financial statement you’re most familiar with. You use an income statement to track revenues and expenses so that you can determine the operating performance of your business over a period of time. Small business owners use thes…Read More
Profitability is a key ingredient to your success as a small-business owner. You need a clear view of your cash flow—where your money is coming from, how much you have at any given moment, and where it’s going. Quality accounting software can help you do just that—and a little more. Why Do I n…Read More
A small business owner only has so much time to do tasks for your business. Once your business hits a certain point of growth, you will have to add more employees and add them onto your payroll. More employees should result in further growth for your business since more hands on deck means more work…Read More
Outsourced accounting services can be a great resource to improve your financial systems and boost your business results. There’s no doubt that your company will benefit from experienced advice and guidance to help with cash flow and profit evaluation. But, how do you know which outsourced account…Read More
Financial controllers are responsible for all of the day-to-day operations in the finance department, reporting directly to the finance director. This is a role that requires balancing the hands-on financial management of a company with decision-making at the highest level. Small businesses in Phoen…Read More
Are you carrying more responsibility than you need to within your small business? As a business owner, it can be hard to let go of the control of certain tasks that need to be done. Too often, business owners spend their time on busywork, resulting in a situation where there isn’t enough time left…Read More
Many people use Chief Financial Officer (“CFO”) and Controller interchangeably because they think it is the same position. It is quite possible that you've seen other businesses with CFOs and controllers who have the exact same responsibilities, but this can make things confusing. So, what is th…Read More
A business valuation is a general process of determining the economic value of a whole business or company unit. The first thing to keep in mind regarding the valuation of a business is that there are many different methodologies for valuation. Some methods may weigh income more heavily as a factor,…Read More
