As a fractional CFO, one of the key insights I provide to business owners revolves around the critical nature of cash flow management. A fundamental element is maintaining a minimum balance in your …
Business Accounting Blog
Maximizing Profitability in Fixed-Price Projects: The Indispensable Value of Time Tracking
As a fractional CFO serving many businesses, I've observed an essential practice that often goes overlooked yet can potentially transform a company's financial health: tracking time meticulously, even …
Decoding Profitability: The $100 Example Unveiled for Strategic Business Pricing
Understanding the relationship between cost, price, and margin is crucial for any business owner who seeks to achieve profitability and maintain financial health. Let’s delve into the essence of these …
Strategic Financial Navigation: Choosing Between Accrual and Cash Accounting Methods
Navigating the financial landscape of a business can often feel like walking a tightrope. As a fractional CFO, one of my key roles is to guide business owners through the complex world of accounting …
Mastering Cash Basis Accounting: A Strategic Guide for Business Owners at Tax Time
As a fractional CFO offering expert financial guidance to business owners, understanding the nuances of accounting methods, particularly for tax purposes, is paramount. When it comes to small …
Building a Resilient Budget on the Pillars of Owner’s Pay, COGS, and Operating Expenses
As a business owner, when you're mapping out a budget, you're charting a course for your company's financial future. Think of it as a navigational tool that guides you through the choppy waters of …
Distinguishing Job-Related Costs from Overhead in Construction
It is imperative for business owners, especially those in the construction industry, to understand the financial intricacies of their operations. Among these, distinguishing between direct costs and …
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The Vital Role of Accounting Services for Small Business
In the evolving business landscape, financial stability remains the cornerstone of sustainable success. Small enterprises, though agile and adaptive, require specialized attention when it comes to …
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Outsource Bookkeeping for Small Business: Boosting Efficiency and Growth
Running a small business comes with its own set of challenges, and one of the key aspects that demand meticulous attention is bookkeeping. Proper financial management forms the backbone of any …
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When to Hire a Bookkeeper
Managing finances is essential to running any business, regardless of size. Accurate bookkeeping is crucial for maintaining financial health and making informed decisions. However, as a business …