Keeping track of the flow of a business’s finances is easily the most important piece of data for a company. Ultimately, regardless of the industry or niche being served by your organization, turning a profit is the most important aspect of operations. After all, without money, your business can’t stay afloat. This means keeping tabs on finances is paramount for all business owners.Continue Reading
Let’s talk about everyone’s favorite subject: taxes! Just like death, taxes are a constant source of lighthearted fun. While taxes are universally loved by all, they are also known for being the slightest bit confusing at times.Continue Reading
Keeping a business running smoothly requires significant attention to detail and careful planning. This is especially true for restaurants due to their large variance in daily sales numbers and the volatility of their inventory. Variable costs of foods, seasonal availability of ingredients, and the rapid spoilage of produce make inventory maintenance and budgeting a constant source of ire for restaurant owners.Continue Reading
Just about every industry and hobby has its own hodgepodge of buzzwords and jargon. Accounting is by no means an exception to this rule. While these dastardly, long-winded terms can often be a source of consternation for those trying to get a grasp on an unfamiliar subject, they do actually exist for a purpose. In pursuit of shedding some light on the wonderful world of accounting (and hopefully scaring off a few cockroaches), we’ve put together this post for demystifying one such term: “budget vs. actual.”
Businesses come in many shapes and sizes. There are small businesses that make giant mansions and big businesses that manufacture microscopic cells. The one factor that all businesses share in common is their singular reliance and focus on making a profit. After all, businesses cannot survive without money flowing through their accounts much like humans can’t live without blood flowing through their veins (zombies being the only exception).Continue Reading
Online bookkeeping is a great option for businesses these days. It allows you to scale your financial team in a way that makes sense for your budget and your needs.
But online bookkeeping isn't without its faults. In this article, we're looking at some of the things that can go wrong and how to avoid them.Continue Reading
Outsourced Accounting Services have become a great option for even the largest of companies these days, but are they really all that great? We're biased, so we think so. Here are eight reasons why you might want to consider using a virtual accounting team.Continue Reading
In this month's CFO Services guide from Ignite Spot, we're going to show you how to determine if the economic engine of your business is broken. Once you understand how to apply this test, you'll be on your way to making more money.Continue Reading
As the outsourced accountant to hundreds of companies around the country, I see one thing that so many of them have in common -- an underfunded marketing plan.
In fact, most businesses don't have a marketing plan at all. They throw money at random ideas, hope something sticks, and move on. No questions asked.
Today we're going to look at what you should be spending on marketing, and how turn that spend into a profitable return. As your accountant, my job is to protect your bottom line -- but we need to make sure there's a bottom line to protect.
Let's get to it.Continue Reading
Virtual CFODo you need a virtual CFO to help you grow your business? Maybe. Chances are, having someone of this caliber on your side will make a huge difference, but is now the time?
Let's find out.Continue Reading