Resources
Guide to Fractional CFO Services
CFO’s Small Business Financial Report Guide
Articles
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
Projecting the Next Small Business Stimulus
The election has provided some clarity about what the future administration will look like. Unfortunately, we still have very few details regarding if/what/when the next stimulus package will be. Many people are calling for additional stimulus. With Small Business confidence at an all-time low, it would be hard for Congress not to pass some additional
Inventory Accounting = Higher Profits
In January 2020, Mark Belle knew he was going to have a challenging conversation with his boss. Mark was the general manager at one of the three locations of a food service provider that I had just begun to provide virtual CFO services. The company sold several retail products but also produced fresh, ready to
Good vs. Evil Accounting Departments – 10 Traits to Look For
With Halloween upon us, let’s talk about the differences between a good and bad (or dare I say evil) accounting department. Small business accounting can be a struggle for many business owners. If it weren’t, you wouldn’t find over 4 million results for “What do bookkeepers do?” on Google. Finding the right fit for your
COVID + Budgeting – A Cost-Cutting Primer for 2021
Many business owners face the same dilemma this upcoming budgeting season: how to make ends meet. Despite pockets of success stories, most data points to businesses struggling in general. Several surveys have shown just how deep the impact has been. Alignable found that by April 4th, 43% of businesses had temporarily closed and 39% had