Whether you own a small company or a large corporation it is important to maximize the value of your accounting records so you can make the most informed and appropriate decisions for your business. The accounting method your company uses can have an impact on your...
Crafting an annual budget is one of the most important financial aspects of a business, but often gets overlooked. Business budget planning is an essential task that is frequently neglected at small and mid-size companies. So why is it so important? Well, mostly...
“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...
The role of a CFO within a company will depend on several factors, including the CEO and/or board of directors’ expectations, the industry, corporate strategy and business aspirations. A company’s size will also have a significant influence on the CFO’s role; however,...
“Don’t buy a Fiat 500e electric car” says the company’s chief executive, Sergio Marchionne. According to Mr. Marchionne, it has nothing to do with the quality and price of the car, but rather the cost associated with producing the car – specifically the battery – and...
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...
