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Setting Standards: Business Models vs. Budgets vs. Forecasting

Accounting Strategies For Small Business, Small Business Cash Flow Management / By

As an outsourced CFO serving 12-15 different businesses, I’ve delved deep into the realm of budgeting and forecasting. Over time, I’ve come to believe that traditional budgeting has taken a backseat, with rolling 12-month forecasts becoming the preferred financial tool for businesses. This tool not only provides future insights but also sets a standard for […]

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Enhanced Bookkeeping and Outsourced CFO Services

Why Bookkeeping Fails: Traditional vs. Enhanced Solutions

2 Comments / Accounting Strategies For Small Business / By

As a small business owner you are very aware of just how little time there seems to be each workday. Running a business isn’t easy, and requires a real investment of time and energy. Business owners can find themselves putting out fires or dedicating time to more pressing problems. Accounting, finance, and bookkeeping are activities

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Young and New Franchisors Should Crunch the Numbers on Online Ordering

Accounting Strategies For Small Business / By

While ordering food online through apps such as Grubhub or Uber Eats has only been around for a few years, it has made a huge impact.  That impact will only continue to grow, especially for franchisors.  According to a survey from orderTalk, 79% of Millennials ordered food last year via an app or a website. 

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3 Keys to Reviewing Your Financial Statements

Accounting Strategies For Small Business, Small Business Financial Reporting / By

Let me get this off my chest right away….most business owners stink at reviewing their financial statements.  It’s not an intelligence thing or even a lack of effort.  The cause boils down to three reasons: Whoever prepared the financial statement for the owner (i.e. bookkeeper) is so consumed with the process of getting the statements

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An Easier Revenue Growth Formula: Building Your Ideal Customer Profile

Accounting Strategies For Small Business / By

I don’t know a business owner that I have sat down with in the past that has said: “I have just the amount of customers I want.”  Thinking about the prospect of that conversation actually makes me laugh out loud a little bit.  Most small business owners are in fact constantly trying to figure out

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