Thu Jun 30, 2022 | | CFO Services

Should You Hire a CFO or Controller for Your Small Business


CFO

When you started out your business, you may have handled all the financial aspects yourself. But when your business grows, you may need to hire qualified professionals to make up your finance team. Naturally, most small businesses start by hiring a bookkeeper. But a bookkeeper alone cannot handle all the different financial responsibilities. So you may want to consider hiring a CFO or controller as well. But which role should you prioritize?

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Tue Jun 28, 2022 | | CFO Services

The Benefits of Getting a Chief Financial Officer Today


Chief Financial Officer

Many businesses still don’t have a Chief Financial Officer (CFO) because they don’t think they need one. The truth is that startups can grow faster if they have someone who can handle the financial side of their business. CFOs can be pivotal to strategic decision-making that will help startups prepare for the future.

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Wed Jun 15, 2022 | | CFO Services

5 Reasons Why You Might Need to Work With an CFO Service


CFO Service

Many companies believe that the most important functions that a chief financial officer (CFO) perform include tracking cash flow throughout a company, ensuring accurate financial reporting, deciding the best way to distribute cash among various departments within the company, and participating in financial planning and forecasting. All of these contribute to the company’s performance.

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Wed Jun 8, 2022 | | Financial Reporting

Best Practices for Effective Budgeting and Forecasting


finance

Few things in the business world are as complex as planning and budgeting. It involves stakeholders, vendors, employees, technology, infrastructure—as well as many other aspects that can often cause immense stress. When considering the financial models of your business goals, you must rise to the challenge. Budgeting and forecasting lay the foundation for an organization’s fiscal health. Neglect them, and it will be a gloomy forecast indeed.

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Wed Jun 1, 2022 | | CFO Services

The Benefits a Part-Time CFO Can Offer Your Small Business


cfo

Many small business owners may want to hire a full time Chief Financial Officer (CFO), to handle the financial aspect of your company, but that may not be the best solution. A part time CFO may be the best option for your business.  As a small business, you may not have the budget to afford a full time CFO and you may not have the volume of work to keep someone busy on a full time basis. A part time hire may save your company a lot of money while also keeping its financial records in pristine. In this article, we will give you more details about why hiring a part-time CFO is a great idea.

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Mon May 30, 2022 | | CFO Services

The Different CFO Services and Their Respective Benefits


cfo

Many entrepreneurs think that small businesses do not require a CFO. However, CFO services are essential even if your company is considered a single proprietorship. 

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Wed May 18, 2022 | | CFO Services

4 Important Services an Outsourced CFO Can Provide


cfo

The main duty of the chief financial officer (CFO) is to oversee the financial side of a business. However, not all small businesses can afford to hire an in-house CFO. It is, after all, an executive position and one that is not easy to fill. Luckily, small businesses have the option to outsource a CFO both on a full-time or a part-time basis. When outsourcing a CFO, it is important to make sure your company receives at least these 4 important services.

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Mon May 16, 2022 | | Financial Reporting

4 Financial Analytic Myths That Businesses Believe


financial analytics on a laptop

Data analytics, the ability to get data from your business and make sense of it, can be daunting for businesses of all sizes. Getting started with data analytics for your business can be challenging if you don’t understand some common misconceptions about how best to use it. That’s why we’ve looked through four common myths surrounding financial data and insights, along with some advice on how to get started.

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Wed May 4, 2022 | | CFO Services

5 Helpful Benefits of Having a CFO Service for Any Company


CFO Service

It’s no secret that all companies have a complex financial structure. This financial structure is different for every company, but it’s the backbone of the operation. However, this also means that it must be appropriately managed, or else a company can end up in dire straits financially.  

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Fri Apr 29, 2022 | | Accounting

The Most Common Financial Issues Small Businesses Face


finance

Running a small business entails encountering financial challenges that must be addressed at some point. Often, these challenges are common and easy to overcome. However, some of these challenges are more difficult to handle. A few of the most common financial issues small businesses face are as follows:  

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