Resources
Guide to Fractional CFO Services
CFO’s Small Business Financial Report Guide
Articles
KPIs for Food Manufacturers
Setting goals is an important first step toward owning a successful business. But goals aren’t reached by chance. Without measuring your progress with data, it can be difficult to ensure you are on the right track. In short, that’s why key performance indicators (KPIs) are so important to small and medium-sized business owners. KPIs are
Understanding the Right Time to Hire a Virtual CFO
Small to medium-sized business owners are understandably focused on growth. Seeing your business grow is exciting, and success is often measured in how top-line revenue increases every year. Growth is a sign that customers appreciate what you are offering and that your hard work and self-reliance have paid off. But growth can be hard without
Inventory Spoilage for Food Manufacturers
Throwing out half of a palette of expired lettuce is often part of the job when managing a small to medium-sized manufacturer, and it may not seem like a big deal. The costs of spoilage can add up, though. In fact, inventory spoilage accounts for over $35 billion in costs to small businesses every year.
The Accounting Department for Franchising Companies
Managing franchises is a difficult, involved process. Franchisors feel the understandable need to focus on growth, and that can mean trouble with prioritizing finance or accounting strategies. Often, the first many hires a franchisor makes are marketing or sales professionals. This preoccupation with growth can mean that franchisors get ahead of themselves and fail to
The Cash Flow Statement Primer
Every business owner is aware of the concept of cash flow. It is, afterall, the ultimate measure of how a business is doing. The ways that your small business spends and makes money are probably always on your mind. Accounting for cash flow is one way you ensure your business is successful. I believe the cash
How to Find Investors for Small Business
While starting a business can be exciting, finding investment is often filled with uncertainty. What you might not know is just how important the right investor partnership could be for your small business. According to a study from the Harvard Business Review, investor money “has become an essential driver of economic value”. What specifically does
Demystifying Accounting Roles: CFO and Controller
The structure of a small business is often intricate. Finance and accounting teams are made up of many roles with different levels of authority and responsibilities. As such, it can be difficult to pinpoint the exact tasks of any given position. Small business owners are often confused when they try to determine the difference between
QuickBooks Alternatives: 5 Situations Considered
Ask anyone who started their career in public accounting, and they probably don’t have a strong impression of QuickBooks. However, ask any business owner, and you get a different answer. Luckily, I have experience with QuickBooks from both the service provider and business owner perspective. This article will help you determine if you should be
The Amazon Pricing Equation
Selling on Amazon hold great potential for manufacturers. However, the unit level economics must be considered.
A Primer on the Employee Retention Credit
The Employee Retention Credit is a huge opportunity for small business owners. The problem is no one knows about it.
Payment Protection Plan Round 2
Congress released text for the second stimulus bill today. Hopefully, the bill will be voted on (and passed) in the next day or two. The bill is full of several items that impact small businesses. I won’t cover all of them in detail here. I will cover those that you should be aware of and
The Current State of Food Manufacturing and Three To-Dos for 2021
Food manufacturers have had a challenging 2020. With pandemic shopping being all of the rage, one would think the food business is booming. However, there have been two trends that have worked together to tamp down many food manufacturers – I work as an outsourced CFO for multiple clients in the food manufacturing and retail