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How to Create the Perfect Annual Budget for a Business
Have you ever wondered how to create a business budget? An annual budget is an essential financial plan for a company’s expenditure for the coming fiscal year. Company owners can use this plan not only to calculate their yearly budget, but also to determine when to...
What companies miss when creating a budget
A budget is essentially a roadmap of the business. Most businesses understand the value of having a formal budget, but not many build a plan that helps their business achieve the level of success they strive to reach. Goals don’t align with the business’ strategic...
5 Tips for Year-End Planning
Believe it or not, we are in the 4th quarter of 2016 and the time to start your business planning for 2017 is NOW! Ensuring businesses have the proper plan in place heading into the New Year is crucial to their future success. From our experience, businesses that have...
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The CFO of the Future: Why You Need One On Your Team
The chief financial officer (CFO) is an executive role that oversees or executes cash flow and financial planning, among a myriad of other financial efforts within an organization. While a CFO of the future has multiple duties, it is imperative to the company's health...
Why You Need Financial Scenario Planning for “What Ifs”
If you’re not familiar with “what-if” scenario analysis, it’s time you familiarize yourself and jump on board. This type of planning can reveal unanticipated difficulties that can destabilize a project, making it a valuable analytical tool. By helping you prepare for...
What CEOs Need from Their CFO
CEOs don’t have many people they can turn to when they need advice with financial management, honest answers, and space to discuss doubts about their company. That’s why they need a good chief financial officer on hand. Just like a quarterback directs his team to...
How a Controller Can Grow Your Business
In all industries, controllers are the people who supervise all accounting functions. These financial experts steer the ship to keep the company’s finances on track. As you can imagine, a controller has many responsibilities, including: Supervising accounting teams...
Operational or Strategic CFO: Which Do You Need?
Over the past ten years, the chief financial officer (CFO) role has changed significantly. Traditionally, a financial leader’s role comprised reporting, controlling the treasury, preparing for an audit, supervising capital structure, and compliance. Today not only...
Outsourced CFO Services – Benefits of a Part-Time CFO
Whatever industry you’re in, whatever the size of your organization, the Chief Financial Officer plays a vital role in your company’s success. If you run a small company, you may not have the workload or funds to support a full-time financial executive. If this sounds...
Controller vs CFO: 3 Key Differences
Though the CFO and the financial controller work closely together, they have significantly different roles within a company. The biggest distinctions can best be described by breaking down the operations and responsibilities that come with each role. Another important...
Accountability Partners and Why You Need One
An accountability partner is your right-hand supporter who will stand by your side through your company’s ups and downs and who will work with you to achieve your goals. Often a CFO can act as an accountability partner to a CEO. They can help hold you to your business...
What Does a Controller Do and Should You Hire One?
Are you wondering what does a controller do? The financial aspects of running a company are vital and complex. They include forecasting and planning, accounting and measuring results, and monitoring cash flow. Having this information at hand can help you as a company...
Strategic Budgeting Help for 2020
In this guide, we provide the tools to be successful.
- Building a budget and the purpose behind having a formal strategic financial plan
- Why your business needs a budget & how to go from reactive to proactive management
- How to start putting together a plan to build your strategic budget & how far should you plan
- The value a strategic budget brings to better controlling your business
- Comparing budget vs. actuals against financial data and using this as a tool… and much more