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, …
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 »
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 »
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 »
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 …
There are 988 apps published on the Apple App Store per day alone. That’s roughly 41 apps an hour! It goes without saying the amount of apps, and tech, and software solutions out there is overwhelming. Below you’ll find the essential tools every modern bookkeeper should consider adding to their tech stack. Whether you’re looking …
What is a controller anyway? In this article, we’ll break down the key differences between bookkeepers, controllers, and CFOs and compare their responsibilities. Plus take a look at average salaries, and when businesses should hire each. A peak inside: What does a bookkeeper do? What does a controller do? What does a CFO do? Bookkeeper vs …
WHAT’S THE DIFFERENCE BETWEEN BOOKKEEPERS, CONTROLLERS AND CFO’S? Read More »
In this guide we’ll show how you can use Xero’s built in short term cash flow forecasting tool to start making better business decisions. Short term cash flow forecasting is a great tool for keeping track of upcoming payments and receivables. After reading this guide you’ll be able to use Xero’s built in tool, and …
WHAT IS XERO’S CASH FLOW FORECAST TOOL AND SHOULD YOU USE IT? Read More »
Recently, our very own Kelvin Gieck joined Clayton Achen, from Achen Henderson CPAs, on the Your Business Unleashed podcast to discuss all things entrepreneurship and accounting. They discuss how Kelvin became an entrepreneur, how he started his firm Twenty-Eighty Financial, and where the idea for Helm came from. They also discuss: The importance of …
