Each time your accounting team delivers you a profit and loss statement (P&L statement), they’re handing you key insights about your business’ profitability. A P&L statement, also known as an income statement, measures your business’ financial performance over a specified booking period — generally one month, one quarter, or one year. While many business owners and managers feel overwhelmed at the wealth of data on the P&L statement, interpreting this data is essential to making informed business decisions. The good… read more →
In case you missed them, below are the most popular articles in 2016: #1 Signature Analytics Named an Inc. 500 Fastest-Growing Company with Over 866% Growth! Signature Analytics is thrilled to be named an Inc. 500 Fastest-Growing Company! Inc. ranked the top 5,000 fastest-growing private companies in the nation according to percentage revenue growth over a three-year period. The top 10% of companies, the Inc. 500 will be featured in the September issue of Inc. We are honored to be… read more →
By tracking KPIs, you can better understand the condition, sustainability, and trends within your accounting department and keep a close handle on your business’ financial health.
Many owners and managers are hearing about Part-Time CFOs for small to mid-sized business, so what are the benefits of such a solution? Let’s discuss the why, what, when, as well as the goals, for a Part-Time CFO, also known as an interim, fractional, or outsourced CFO. Why Engage a Part-Time CFO? Hiring full-time employees is very expensive and can be risky. With the advent of cloud-based tools that make collaboration easier, companies can now have ready access to a… read more →
Fortune features Signature Analytics’ article on company inventory turnover ratio. The article covers the following topics: How to determine your company’s inventory turnover ratio Ideal turnover ratio Tools for financial reporting for high-growth companies How to improve your turnover ratio Read the full article on Fortune.
As a business owner, one of your goals is to maximize your multiple and to do this you must know your company’s market value. But how do you acquire this information? We recently sponsored a seminar with InfoVera™ that focused on Total Enterprise Value Opportunity (TEVO) for business owners. InfoVera is a Market Value Reporting Agency and was founded to help businesses realize their company’s market value. Through InfoVera, a company can learn their TEVO Score. InfoVera Co-Founder, Sandy Burton… read more →
A survey by Desjardins Financial Security showed that money is the main cause of stress outside of work. Nearly half of the respondents cited money issues as their top stressor. I often hear from clients how frustrated they are with their current financial position. They feel lost and they are not sure how to create a plan to track their cash flow. This can create fear and stress, which in turn makes it difficult to have balance in the workplace.… read more →
One of the biggest obstacles in business is predicting cash flow and influencing the future of your company. Business owners may become paralyzed when they review their financials. Understanding your numbers will help you be proactive about your company’s future and confident in the decisions you make. Let’s take a look at some common questions business owners may have regarding their financials and learn the top ways to unleash the power of your financials! Is there a better way to… read more →
When you want to start a new company, what do you do? Often times, people think it is as simple as calling their CPA to register a company, or calling an online legal service and selecting a legal entity that sounds good. Here at Signature Analytics, we have heard of clients using these services to start a company. While having a legal entity is your ticket to play in the business game, there are many other factors you must consider! To… read more →
Forecasting, budgeting, cash flow analysis, key performance indicators are all terms used by CFOs, but what do they truly mean and how can a company develop a strategic financial plan to effectively use these tools? Well, it starts with just that, a plan. When developing a strategic financial plan for a company it’s important to consider, but not limit yourself to, the following questions: What are the goals of ownership? Do they want to sell the company in 3-5 years… read more →