Your Guide To Financial Modeling And Scenario Planning
Strong leaders are always thinking about the future. Forward-thinking is an essential part of business leadership to guide your employees and steer your company in the right direction. In uncertain times, it is important to understand many different outcomes that...
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...
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...
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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PPP Loans: A Second Wave of Relief
Businesses still seeking relief from the impact of COVID-19 may be able to find it in the second round of PPP loan legislation passed by Congress in late December of 2020. The Consolidated Appropriations Act, 2021 seeks to overcome some flaws of the first round of the...
What Should Your Next Steps Be When Applying for the PPP?
This article was originally written on May 1 and portions have been updated on July 7, 2020, in accordance with the PPP Flexibility Act signed into law on June 5 by President Trump. Additionally, the PPP application extension period being moved to August 8, 2020, for...
How to Effectively Communicate Your Company’s Financials with External Stakeholders
Presenting financial information in an easily digestible format is essential when communicating with external stakeholders such as lenders, investors, and other strategic partners. These communications are vital to the long-term success of a business; however, it can...
Important Questions To Ask When Planning and Testing A Business Strategy
As any good business leader knows, planning for the future is a necessary step to help ensure the company heads in the right direction and reaches success along the way. Now more than ever before, this practice is a necessary step to even ensure its survival. Part of...
Internal Controls That Protect Your Business From Fraud
News headlines involving embezzlement, fraud, data breaches, and other scandals may have you nervous, especially during the current economic climate. "What is happening within my organization?" might be a thought regularly occurring in your head. After all, fraud is...
How to Proactively Recession-Proof Your Business
The onslaught and massive outbreak of Coronavirus causing COVID-19 in the last two months has caused the world to turn upside down. Economies have tanked and the DOW has seen the most highs and lows since the 1930s. In this blog, we provide a breakdown to support: The...
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...
What Should Small and Mid-Size Businesses Expect From Their CFO?
The CFO's 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...
Strategic Budgeting Help for Your Business
In this guide, we provide the tools to be successful.
- How to build a budget & how far you should plan ahead
- Why your business needs a formal strategic financial plan
- How to go from reactive to proactive budget management
- Using your budget to gain more control over your business
- Comparing budget vs. actuals against financial data