Words From the Mind of a CFO
Prepaid Expenses and The Rumsfeld Method
Why Your Business Budget is a Guessing Game: And How to Fix It! Ever feel like managing your business finances is a bit like predicting the weather?...
Where Did Your Cash Go? The Inventory Trap & How to Fix It
Where Did Your Cash Go? The Inventory Trap 💸 If you run a service-based business, you can sit this one out. But if you are a retailer, an e-commerce...
From Daily Progress to Long-Term Wealth: A Simple Guide to Retained Earnings and WIP
From Daily Progress to Long-Term Wealth: A Simple Guide to Retained Earnings and WIP As a business owner, your financial statements can sometimes...
Operating Expenses vs. Capital Expenses: Where Did Your Business Cash Actually Goes?
Operating Expenses vs. Capital Expenses: Where Did Your Business Cash Actually Goes? Have you ever looked at your bank account after a busy month...
Why Variances and Debt Service Matter for Your Small Business
Why Variances and Debt Service Matter for Your Small Business Ever wonder why your bank account doesn't always match your expectations, or why some...
A Guide to Break Even Point and Cash Burn
The Magic Number: Knowing When Your Business Actually Starts Making Money Have you ever looked at your bank account and wondered where all the money...
Understanding Recognizing Revenue and Deferred Revenue
Is That Cash Actually Yours? Understanding Recognizing Revenue and Deferred Revenue Have you ever wondered if the money sitting in your bank account...
Understanding the Matching Principle and Accrued Expenses
Understanding how much money your business is actually making can be tricky. You might see a healthy bank balance today, but that doesn't always...
Understanding Your Bottom Line: A Guide to Job Costing and Owner’s Equity
Understanding Your Bottom Line: A Guide to Job Costing and Owner's Equity Whether you call it job costing, project profitability, or project...
Reconciliations and the Month-End Close: The Key to Accurate Finances
Reconciliations and the Month-End Close: The Key to Accurate Finances Have you ever heard your bookkeeper or accountant mention "reconciliations" or...