What is a Fractional CFO?
Did you know the average base salary for a Chief Financial Officer (CFO) is $397,448? For small business owners, this figure can be alarming, and for good reason. There is, however, a solution. With a fractional CFO, you can reap the benefits of a full-time CFO at a significantly reduced rate while still being able […]
When is it Time for a Small Business CFO?
When you’re running a small business, CFO services probably seem out of reach. Most business owners assume that being overwhelmed by finances is just the price of managing a business. Nothing could be further from the truth. You can improve your financial position for your small business with a CFO that fits your budget. Virtual […]
Benefits of a Virtual CFO
During your time as a small business owner, you may have heard the term “virtual CFO” come up in your research or in funding rounds. There are many benefits of a virtual CFO, but for this article, we have chosen our top ten. What Does a Virtual CFO Do? Before we begin listing […]
5 Reasons Why You Need A SaaS CFO
With the increasing popularity of software as a service (SaaS) products, new SaaS companies are popping up every day. But come funding time, many SaaS companies find in organizing their finances that their budgeting system is a mess. This is when it’s time to turn to a SaaS CFO. For most SaaS businesses looking at […]
CFO for Manufacturing Companies
In the world of manufacturing, where processes run thick and bottlenecks are known to arise, CFO services play a critical role in helping organizations steer towards efficiency, profitability, and longevity. What once was known as a role for managing a company’s finance and accounting has changed into a role that concerns far greater responsibilities with […]
Financial Statements: What’s the Most Important Statement You Can Review?
Each time we review a financial statement with our clients, they inevitably turn right to the Profit and Loss Statement (P&L, or Income Statement) and look to the “bottom line”. While this statement is very telling, there is another financial statement that may be a better indicator of how the company is doing. What statement […]
Accounting for Manufacturing Businesses
Photo: Louis Reed Manufacturing accounting differs greatly from accounting in other industries. The professionals, strategies and software you use are the keys to the continual success of your organization. There are many moving parts, literally and figuratively, that need to be monitored and optimized in order to experience the results you expect. For example, you […]
Difference Between Controller vs. CFO
Photo: Matthew Henry Starting a business can be both an exciting and a stressful experience. You undoubtedly experienced the pains and frustrations that come with starting a business, but you will experience a different kind of tension as your business grows. If you’ve moved beyond the phase of finding consistent customers, building relationships with suppliers […]
The Best Time to Make a Profit is ALWAYS
It should be a fairly straight-forward answer, right? But if you’re Uber, the answer is seemingly “someday… hopefully”. Uber lost $2.8 Billion in 2016. $2.8 BILLION. And in Q1 of 2017, investors were pleased the company reduced its quarterly loss to $708M from the Q4 2016 loss of $991M. From CNNtech: “To many readers, the […]
Preparing for an Economic Slowdown… Are You Ready?
People in the business community are beginning to hear rumblings, grumblings and have seen recent media attention given to the impending doom of an economic slowdown. Following the end of the Great Recession in mid-2009, the U.S. economy has enjoyed growth over the past decade making it the second-longest economic expansion in our nation’s history. […]