Resources
Guide to Fractional CFO Services
CFO’s Small Business Financial Report Guide
Articles
4 Ways to Drive Revenue Growth
I talk with many business owners who tell me their goal is to increase their revenue by X% next year. “Great, how are you going to do that?” is usually my response. Many of these owners haven’t really thought through a solid plan to increase their revenue. The response is often a new marketing method
Accounting Insight and Business Transition Planning
I always dread admitting that I should have paid more attention in economics class in college. Of course, it didn’t help that it was a 7:30 AM class (on Friday’s no less). It is amazing how much in the world equates down to the simple concept of supply and demand. Business owners of all sorts
The Accountants Legacy
The internet is not short on many things and Warren Buffett quotes are one of them. There is one specific quote that Buffett said that accountants and financial professionals love to use. Accounting is the language of business Warren Buffett BAM! Us accountants have been telling you how important we are for years and now
Accounting + Employees: 4 Benefits to Offer Employees Without Breaking the Bank
Most small businesses I know are always trying to attract great people, but can’t necessarily offer the same “perks” as larger companies. This puts them in the tough position of trying to attract these great people however needing to be creative in the offerings they have. The good news is perks and pay are not
Big Ideas for Small Business: 4 Examples of KPIs for Your Scorecards
Wouldn’t it be great if you could get a sheet of paper each week or month that tells you at a high level how the four most important aspects of your business were going? Most small businesses don’t have regular scorecard reporting they use to run their business. This is a shame because just a
Big Ideas for Small Businesses: 3 Ways Small Businesses Can Use Big Data
Too many small business owners are losing out by not using some of the data they have readily available. I am always surprised at how many small businesses are missing huge opportunities to learn about their customers from accounting, finance, and other data they have readily available. While small businesses certainly don’t have the amount
Hey you, STOP OVERPAYING YOUR TAXES!
A recent study prepared by the Treasury Inspector General for Tax Administration (TIGTA), found that more than 2,000 small companies, either unaware of or confused by the small-corporation exemption from the Alternative Minimum Tax, may have overpaid their taxes by an average of $11,638. It is important to note, these are just companies that paid
3 Ways Small Business Owners Can Give Themselves a Raise
As businesses grow with time, bad habits begin to form. These bad habits take many forms…some will effect your customer service, some will effect your employees, and most all will effect your bottom line. For those of you that have ever purchased a business, you will know exactly what I mean. When you purchase a
Finance + Strategy – What You Need to Know
When I first purchased my small business, Monkey Bizness, I took a meeting with a small business strategist. I have to admit, I left the meeting and I turned to my Director of Marketing and asked: “Did you understand what that guy does for businesses?” It wasn’t that the meeting was fascinating and insightful (it
Decoding Accounting – Merchant Services
If you have started a new business, then you have been through the “merchant provider bombardment”. From listening to them, you would think there are huge variations in different providers. However, with a couple of exceptions, they are mostly the same. In this article, we’ll go over what those couple exceptions are, how to do
One Great Idea: Bookkeeping
Keeping your books in good order isn’t something a small business owner should do solely as a tax-savings strategy. It is true that small business owners miss billions of dollars of deductions each year due to messy books which often don’t include a complete detail of all expenses (yes, those $5 receipts you’re missing add
Accounting + Utilization Rate For Your Small Business
If you are a service based small business, you more than likely can measure the utilization rate of your employees. At a basic level, utilization rate measures what percentage of your employees time is spent on work that is billable to a project or client. Your accounting of finance department should be able to track