How should accounting and finance interact with other areas of your business? Too often the finance team operates in a bubble. Here, we look at how to merge accounting and finance concepts into other functional areas of your business.
For the first time, “supply chain” has entered our collective vocabulary. Lots of people are discussing supply chain disruptions not just in boardrooms but also in their living rooms. While the global disruptions in supply chains are not pleasant or convenient, they may be a blessing in disguise, as they give us the vocabulary to […]
How To Identify and Address Supply Chain Issues in 2022 Read More »
Whether you are the leader of a large sales team or a small business owner with a sales team of one, it can be a helpless feeling not working if the sales process is working properly. Properly setting up sales KPIs can help a business owner determine if there are issues in their sales process.
Sales Process Pipeline KPIs: A Complete List of Sales Process KPIs Read More »
Choosing the accounting software your company will use may seem like a low-stakes decision. However, this choice can impact your company in many surprising ways. For many small business owners, there are two dominant providers to pick from – QuickBooks Online or Xero. There are many reasons that a company will choose to invest in
QuickBooks Online vs. Xero: Comparing Accounting Software Read More »
A business owners understandably want to leverage every possible advantage over their competitors. Often, this means leveraging cash to make investments in a sales team, product innovation, or a new marketing plan. For businesses that carry inventory, they know that a significant amount of investment must be made to keep products on hand. That is
Inventory Management: The On-Hand Sweet Spot Read More »
As an entrepreneur, you are probably aware that gut feeling counts for something in business. Often, being open to what your intuition is telling you can be an advantage. Decisions made from the gut have produced many business successes. However, decisions without data is not a sustainable formula for success. There is a difference
The KPI Primer For Franchisors Read More »
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
KPIs for Food Manufacturers Read More »
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
Demystifying Accounting Roles: CFO and Controller Read More »
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
QuickBooks Alternatives: 5 Situations Considered Read More »
Most clients I talk with don’t realize that financial modeling is usually just a financial tool that is created in Microsoft Excel. When I first bring up modeling, most tell me their business isn’t sophisticated enough to warrant modeling. In this article, we’ll discuss what modeling is, why you might want to create a financial
Demystifying Financial Modeling Read More »
The COVID-19 virus has created an economic crisis that is unique. While many have seen a financial crisis before, we have not seen one that has touched so many components of the economy. During the downturns we saw during the early 2000s, there were large areas of the economy that were left untouched. Because of the vast swaths
A CFO and Bookkeepers Role in Restructuring Finances Read More »
