Small Business Archives

Financial Forecasting: What It Is and Its Importance

Financial Forecasting: What It Is and Its Importance

Financial forecasting is akin to peering into a crystal ball to predict the financial future. Instead of magic, financial forecasting uses data and expert knowledge to help businesses make future decisions. Let’s delve deeper into financial forecasting and why it’s...

September 8, 2023

Influence of a Fractional CFO: Unlocking Business Growth

Accounting CFO Fractional CFO Small Business Startup

Influence of a Fractional CFO: Unlocking Business Growth

Let’s face it: Being an entrepreneur isn’t just a roller-coaster ride of product launches, marketing campaigns, and customer feedback. Behind those success stories lie meticulous financial decisions, deep dives into numbers, and a fair amount of risk management. But as...

September 6, 2023

What Are Financial Statements for Small Businesses?

Accounting Bookkeeping Business Planning Small Business

What Are Financial Statements for Small Businesses?

Financial statements summarize a company’s financial performance over a period. They provide information about a company’s assets, liabilities, equity, income, expenses, and cash flows. Why Are Financial Statements Important for Businesses? Businesses need financial statements because they provide information that...

June 23, 2023

Understanding Financial Statements: A Guide for Startup Founders and CEOs

Accounting Bookkeeping Business Planning Small Business Startup

Understanding Financial Statements: A Guide for Startup Founders and CEOs

Are you overwhelmed by financial statements and all the jargon that comes with them? As a startup founder or CEO, it’s essential to have a clear understanding of financial statements. In this guide, I’ll break down the basics of the...

March 6, 2023

Fractional CFO for Startups: Cash Flow and Budgeting

Accounting CFO Fractional CFO Small Business Startup

Fractional CFO for Startups: Cash Flow and Budgeting

A fractional CFO is a financial expert that provides startups with part-time or project-based financial services. These professionals work with startups and small businesses to provide expertise and guidance, such as helping companies manage their cash flow, budgeting, and financial...

February 23, 2023

Fractional CFO for Startups: Why You Need One

Accounting CFO Fractional CFO Small Business Startup

Fractional CFO for Startups: Why You Need One

When starting a new business, it’s easy to become so caught up in developing and launching your product or service that financial planning and management are not top priorities. However, financial expertise is crucial to the success of any startup....

February 22, 2023

Accounting Audit Bookkeeping Small Business

Month-End Close Process: What is It?

What is a Month-End Close? During the month-end close process, you’ll ensure that everything is recorded in the correct accounts and that you’ve accounted for all the money that has come in and gone out. This helps your company know...

February 10, 2023

How an IRS Audit Works: Everything You Need to Know

Accounting Audit Small Business Tax

How an IRS Audit Works: Everything You Need to Know

No one ever wants to hear, “the IRS is auditing you.” But if you do receive that dreaded letter in the mail, don’t panic. An IRS audit can be intimidating, but knowing how an IRS audit works can help make...

April 17, 2022

What Is Profit Margin and How Can You Maximize It?

Accounting Small Business

What Is Profit Margin and How Can You Maximize It?

One important metric to track in your business is the profit margin. This ratio tells you how much profit your company makes on each dollar of sales. To maximize your margin, you must understand what factors influence it and how...

March 20, 2022

What Is a Cash Flow Forecast and Why Does It Matter?

Accounting Small Business

What Is a Cash Flow Forecast and Why Does It Matter?

You know that cash flow is critical if you’re a business owner. It would be best to have a good handle on your cash flow to make sure your business is booming. But what is a cash flow forecast, and...

March 13, 2022

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Category: Small Business

Financial Forecasting: What It Is and Its Importance

Influence of a Fractional CFO: Unlocking Business Growth

What Are Financial Statements for Small Businesses?

Understanding Financial Statements: A Guide for Startup Founders and CEOs

Fractional CFO for Startups: Cash Flow and Budgeting

Fractional CFO for Startups: Why You Need One

Month-End Close Process: What is It?

How an IRS Audit Works: Everything You Need to Know

What Is Profit Margin and How Can You Maximize It?

What Is a Cash Flow Forecast and Why Does It Matter?

Startup Taxes Simplified: Avoiding Pitfalls

Financial Forecasting: What It Is and Its Importance

Influence of a Fractional CFO: Unlocking Business Growth

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