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Guide to Fractional CFO Services

CFO’s Small Business Financial Report Guide

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Mid-Year Financial Goals Check: Reviewing Budget vs Actual 

Just about every business has goals, whether they’re informal targets or the product of a more formal plan. But just as important as setting the right goals is monitoring your organization’s progress, including a comparison of budget vs actual revenue and expenses.  Let’s look closer at how to properly conduct these vital reviews and why

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financial planning and forecasting

Advantages of Financial Planning and Forecasting

Financial planning and forecasting play a crucial role in the success and growth of any business. By utilizing these strategic tools, businesses can gain valuable insights into their financial future and make informed decisions.  In this blog post, we will explore the numerous benefits of financial planning and forecasting, demonstrating why they are essential for

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Accounting Software to Save Small Business Owner Time

In today’s fast-paced business world, time is of the essence. For small business owners, managing accounting tasks can be time-consuming and overwhelming. However, with the right tools and accounting software add-ons, owners can streamline their financial processes and save valuable time. Most small business owners don’t spend enough time with their small business accounting software

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How to Implement Business Tax Planning Strategies Year Round

Implementing effective business tax planning strategies is crucial for any company, but leaving tax planning until the end of the year can create stress and cause you to miss out on savings opportunities, which is why you should be focusing on it all year round. In this article, we will look at the advantages of

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Using Agile Methods in Small Business Finance and Accounting

In May of 2022 I attended a CFO conference put on by the American Institute of Certified Public Accountants.  As is often the case, there are 3 to 4 themes that emerge throughout the week. At this particular conference, one of those themes was the use of agile methodologies in finance and accounting departments.  At

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Virtual CFO Services

Virtual CFO Services: What Should You Expect

Virtual CFO services are more than a person behind a computer, crunching numbers and running reports. They are an extension of your business; an additional team member without the in-house costs. When you work with a virtual CFO you can expect the financial aspects of your business to be handled with care and detail, but

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9 Ways to Overcome Business Financing Shortages

Small business owners face long odds – about 33% will fail in the first two years. Look out 5 years and around 50% will shut down. By far, the most prominent reason businesses fail is that they run out of money. In this article, we will discuss nine different strategies for small businesses to consider

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Virtual CFO Working

What to Expect from your Virtual CFO

Check Out The Video An Introduction Starting and keeping a small business afloat is no small task. In most cases, you may lack experience in the financial and strategic processes involved in running a business. This can have you thinking you need a large accounting department to run things smoothly, but that’s not the case.

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How Easily Analyzing your Business Model Drives Strategy

Most business owners underestimate the importance of understanding the economics of their business model. In the same vein, most overestimate the number of factors that impact their model. When an entrepreneur understands their business model, they can truly start to implement impactful business strategy. This conversation can get more complicated for businesses with excess of

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Four Forecasting Tips for Small Business Owners

Clients engage a fractional CFO for several reasons.  The one I hear the most is wanting to get a better idea of what their future cash flow will be. Many times, I am talking to them after they have done an extensive Google search of how to exactly determine that.  While forecasting is the answer,

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What Netflix Can Teach Small Business Owners

In college, my two favorite classes were Business Cases and Financial Cases.  We would get one week to dissect a large business and determine an optimal path forward for a situation they would find themselves in.  I loved this because larger businesses offer a massive amount of data typically not available for small businesses.  During

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