General Accounting

Best Accounting Practices for Small Businesses: Navigating the Landscape

In the early 2000s, Marvel Comics was facing a financial crisis. The company, now known for its blockbuster superhero movies, was struggling with massive debt and had even filed for bankruptcy in 1996. Despite having popular comic book characters, Marvel’s financial mismanagement and lack of strategic oversight had brought it to the brink of collapse.

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Why Net Promoter Score (NPS) Matters for Small Businesses: Insights from an Outsourced CFO

General Accounting / By Matt Krieger

Several years ago, while running my own business, I developed a small obsession with the Net Promoter Score metric. This metric, developed by experts at Harvard Business School, provides profound insights into customer satisfaction and loyalty. If you don’t have time to read an entire article, here is a quick background. Net Promoter Score (NPS)

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From the CFOs Desk: Articulating Value in Franchise Sales

General Accounting / By Matt Krieger

It’s a common practice for franchisors to overlook their CFO’s potential in sales. However, it’s crucial to consider their unique expertise. After all, a franchise’s sales are about articulating value. And who better understands the intricacies of building financial and articulating value in a company than a CFO? Seeking their assistance could be a game-changer

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Maximizing Value in Your Finance Department: Cost-Effective Strategies for Small Business Owners

General Accounting / By Matt Krieger

We live in a world where every dollar counts. Small business owners grapple with the dilemma of balancing cost-effective finance and accounting solutions with the need for more expertise. The key question is, how can you get the most out of your financial operations without breaking the bank? This article will explore strategies to set

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Advantages of Financial Planning and Forecasting

General Accounting / By Matt Krieger

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

Accounting Strategies For Small Business, General Accounting / By Matt Krieger

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

General Accounting / By Matt Krieger

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

General Accounting / By Matt Krieger

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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The Cash Cushion Sweet Spot: The Right Amount of Cash Reserves for Your Small Business

General Accounting, Small Business Cash Flow Management / By Matt Krieger

Determining the Right Cash Reserves for Your Small Business: Insights from a CFO Running out of cash can spell disaster for a business. But hoarding too much can be a waste. So, how much is just right? In this article, I tackle the crucial question most frequently asked by current and prospective clients: How much

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What to Expect from your Virtual CFO

General Accounting / By Matt Krieger

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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