Small businesses need the right financial advice to continue growing, yet are often at a disadvantage because many cannot afford a full-time Chief Financial Officer (CFO). If your business is one of them, perhaps a virtual CFO or vCFO could be useful instead. What does a virtual CFO do for your small business? Here is [...]
Accounting duties are viewed as a necessary evil by many businesses owners. In addition to being costly to tackle, accounting tasks are time-consuming. At times, it seems as if it is impossible to focus on the core aspects of your business because you are always trying to collect late payments or match an invoice to [...]
Business systems are changing and transitioning more and more into virtual cloud-based services, providing opportunity for streamlined workflow processes. Businesses in modern times are being challenged to meet rising customer expectations, influenced by the amazing reach and flexibility given with cloud and mobile computing – in the hands of nearly everyone in the developed [...]
Sitting in your pajamas, you can go over your previous day's sales as you down the first cup of coffee. Even as you groan, you know that you could be making more responsive changes to your business model. It would be much easier if you had the right accounting data on your side. You've been [...]
Step #1. Carefully Think About Which Financial Services You Will Need Before you begin your search, think about your financial needs first. Why do you need a CPA? What are your financial goals? Are you interested in working with someone who can offer long-term financial planning? Or do you want someone who can help [...]
If you're running a small business, you may have heard some buzz regarding cloud accounting. You're probably wondering what is cloud accounting, and why do I need it. According to Xero.com with cloud accounting, your accounting software is available on the Internet as opposed to being stored locally on your computer. Cloud accounting software [...]
Business owners are innately able to handle a modicum of complexity when it comes to the accounting and financial aspects of their businesses. If this isn't true, they likely won't be in business for long or are really good at delegation. Indeed, business-minded entrepreneurs and service professionals begin their business journey with some financial [...]
As a small business owner, it can be tempting to try performing every function of your business in-house. Unless you are a seasoned bookkeeper, performing your accounting functions yourself can actually cost you a great deal of time and money over the long run. Here are 5 ways your company is losing money (& [...]
Data-driven decision management is the state of the art in business management. The most efficient businesses are run by owners and managers who make decisions based on the data that their businesses generate rather than based on hunches or ideas about why their business performs the way that it does. According to the MIT [...]
5 Ways to Upgrade Your Accounting for 2016 to Save Time and Money! Upgrade to New Software Several great options are available for small business owners to take control of their accounting through quality software. These software programs are delivered to your business via the internet, which makes them more affordable up front and keeps [...]