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...
Creating A Budgeting Plan With The Most Overlooked Factors
Chances are, as a business owner or decision-maker, you are always running from point A to point B. You have a call with a prospect at 7:15, need to drop the kids at school, and somehow get in the office for a meeting at 8:00, and when you get there your secretary...
5 Tips for Year-End Planning
When the end of the year approaches, there are many loose ends to tie up. You may be reviewing the goals you established for the year, those financial objectives, and trying to squeeze in your holiday shopping too. Alongside all of this, it is also time to start year...
Coronavirus Impact & Business Resources
Businesses are feeling the stress brought on by COVID-19 and have yet to understand the impact. Now more than ever, it's essential to stay informed, react, and plan for the future.
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Your Guide To Financial Modeling And Scenario Planning for COVID-19
In the current state of affairs, many leaders are thinking about the future. Forward-thinking is an essential part of business leadership, to be able to guide your employees and steer your company in the right direction. In uncertain times, it is important to...
When Should You Consider Outsourcing Your Accounting Operations?
Do you spend late nights and weekends struggling to keep up with your company’s accounting records? Or worse, does this time intervene with the time spent running the operations of your business? Are you unable to assess the profitability of your business or perhaps...
The Importance of Cash Flow Management for Small and Mid-size Businesses
“Cash is King." We hear this phrase time and time again, but why is it so important for small and mid-size businesses? The short answer – if you run out of cash, your business fails. Seems obvious, right? However, what may not be as obvious is that being profitable is...
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...
How to Recession-Proof Your Business: 7 Tips to Thrive in an Economic Downturn
Economists are predicting that the next recession may hit within the next 18 months and that the U.S. isn’t ready for the onset. This is a serious problem, because an economic recession can wreak havoc on business owners – if not destroy it altogether. Just look at...
10 Tips To Help Improve Your Company’s Cash Flow
As a business owner, you run the risk of bankruptcy if you’re not on top of cash flow management. A full 82 percent of business failures are caused by poor cash management, according to a US Bank study. So, is it easy enough to bring in more money than your business...
What Should Small and Mid-size Businesses Expect From Their CFO?
The CFO role within an organization depends on several factors. These components may include the expectations coming from the CEO and board of directors, and may also vary depending on the industry, corporate strategy, and the goals of the business. A company’s size...
The 3 Financial Statements Every Leader Needs
As a business owner, financial data is critical to your success — but only if you know how to interpret the meaning behind the numbers correctly. Most owners or leaders within an organization rely on the aid of an accounting team to accurately analyze and organize...
Top 10 Things Every Business Needs to Know About Sales Tax
As a business owner, you are used to facing never-ending checklists to help get your new ventures up and running. Before the first customer walks through the door, the new owner has already tackled seller's permits, licensing, zoning, and registration, among other...
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