Managing cash flow can be a challenge, especially for small business owners. In this article, we’ll take a look at 7 ways to improve cash flow management. How to improve your business’s cash flow: 1. Accurate and consistent bookkeeping Like with everything it’s good idea to start with the fundamentals before moving to more drastic, […]
7 Ways To Improve Business Cash Flow Read More »
A fractional CFO, also known as an outsourced CFO, is a financial professional who provides part-time or project-based financial leadership to small and mid-sized businesses. Looking at the top reasons small business fail we can quickly see a strong need for financial and strategic planning that fractional CFOs bring. If you’re considering a career as
The 8 skills you need to succeed as a Fractional CFO Read More »
When it comes to managing the finances of a small business, there are many factors to consider. One of the most important decisions a business owner makes is the hiring of accounting and bookkeeping services to assist with business finances. While both professionals can be instrumental in ensuring the financial success of your business, there
Should You Hire a Bookkeeper or an Accountant (or Both?) Read More »
For any business, keeping track of cash flow is essential. Two important tools that businesses use to keep track of cash flow are cash flow statements and cash flow forecasts, but there’s often some confusion and misconceptions surrounding the two. In this blog, we will compare and contrast these two tools and discuss how they
What’s the Difference Between a Cash Flow Statement and a Cash Flow Forecast Read More »
Why do we struggle writing payment request emails? Asking for payment or money in any scenario can feel awkward – especially when its overdue. In this article, we’ll take a look at how to effectively and professionally ask for payment on overdue invoices, best practices to follow when sending payment request emails, how to prevent
How to Professionally Ask for Payment + Free Templates Read More »
Price is an intimidating topic that can quickly become uncomfortable if you’d have a plan in place. Recently we shared How to Price Fractional CFO Services, and got lots of questions so we thought we’d ask Kelvin Gieck to expand on some of his points in that article and share them with you! We’ve asked
Pricing Fractional CFO Services – With Kelvin Gieck Read More »
Budgeting vs. Financial Forecasting: An Overview Budgeting and cash flow forecasting are both critical aspects of financial planning for individuals and businesses. While they may seem similar, they serve different purposes and require different approaches. In this article, we will discuss the differences between a budget and a cash flow forecast. A peak inside: High
What’s the difference between a budget and a cash flow forecast? Read More »
Providing cash flow forecasts and cash management for your clients is a great way to increase your value to clients, and help their business. But only if you can do it a timely, and accurate manner. That’s where cash flow software comes in. If you’re a bookkeeper, or someone who is already extremely familiar with
THE BEST CASH FLOW SOFTWARE FOR BOOKKEEPERS Read More »
There’re over 1.19 million small businesses (1-100 employees) representing 97.9% of all employer businesses in Canada. Just south of the border, there are 32.5 million small businesses in the USA accounting for 99.9% of all US based businesses! Small Business Statistics Not only do small business represent by far the largest proportion of business, they
THE TOP 5 REASONS SMALL BUSINESSES FAIL Read More »
Looking for a crystal ball? Would you settle for 3-5 year financial and strategic planning? A 3-way forecast may be just what your looking for. On the agenda Why should I create a 3-way forecast? What is a 3-way forecast? The 3 components of a 3-way forecast Why is a 3-way forecast important for businesses?
THE BEST 3-WAY FORECASTING APPS Read More »
