Accounting technology has continued to evolve and shows no signs of stopping. In fact, 56% of accountants say that technology is increasing their productivity. As more and more businesses look for accelerated reporting, it’s important to understand what real-time accounting is and how your business can utilize it. As a business owner, you recognize the […]
Should Your Startup Use an FaaS Company?
As a startup, you already have a lot on your plate. But as daunting as a startup seems, the truth is that business growth never comes easy–no matter what stage you’re in. What you do to get to $1 million is different from what it takes to get to $10 million. You need a finance […]
What Are the Benefits of Finance-as-a-Service Companies?
You’ve likely heard of the benefits of outsourced accounting services and how they can eliminate the challenges of an in-house accounting team. In fact, 78% of businesses all over the world feel positive about their outsourcing partners. However, it’s important for business owners to know that Finance-as-a-Service (FaaS) is slightly different from an outsourced accounting […]
Moving from Finance-as-a-Function to Finance-as-a-Service
For years, executives have conceptualized their finance department as an unexciting, yet necessary evil. Many companies still view their finance department as nerdy employees who gush over minutia, such as compliance and back office responsibilities. Thankfully, these misconpcetions are changing. The world of finance-as-a-function is drawing to an end and the new world of Finance-as-a-Service […]
Financial Strategy During Recession
Creating a successful financial strategy during an economic recession is a challenge. But it’s not the death sentence many analysts may make it out to be. Many businesses face the temptation to panic during tough economic times, causing them to make unprompted cuts in the wrong areas and worsening an already tenuous situation. It might […]
Economic State of Affairs June 2022
With inflation, the geopolitical status, and supply chain concerns still running rampant, we at Fully Accountable are constantly reminded that the pandemic wasn’t the only obstacle ahead. In this article, we’re looking at the economic state of affairs using a wide range of statistics and surveys to identify what companies can do to ensure their […]
How to Adapt Your Financial Strategy During Times of Inflation
Unchecked inflation has sparked fears of a recession across the globe in the wake of the COVID-19 pandemic and the Russian invasion of Ukraine. During times like these, a sound and comprehensive financial strategy is the only thing that can prevent your company from drowning. While price increases might seem inevitable, there are other options. […]
What Is the Strategic CFO’s Role In Innovation?
For years, the role of the CFO has been considered one of mechanical accounting rather than creativity and pragmatic innovation. That’s changing, and companies are benefiting greatly from the transition. The evolution of CFO from a position focused on mundane numbers to one focused on overarching financial initiatives and objectives makes sense. One need only […]
What Should You Consider In Your Mid-Year Financial Review (2022)
As a business owner or executive, the summer is one of the best times to re-evaluate your progress from the previous six months and devise a financial strategy that works with your business. Conducting a mid-year financial review is the simplest way to do so. But what’s involved in a mid-year financial review and how […]
What Is the Difference Between an Operational CFO and a Strategic CFO?
If you have a company of your own or you’re an executive at a company and you’re wondering how to maximize revenue and profits, you understand just how critical your CFO is. However, many people might not know that there are different types of CFOs. Among the different types, operational and strategic CFOs are two […]
Maintaining Your Business Balance Sheet This Summer
Maintaining your balance sheet is no easy task. But doing so can help you take advantage of your cash flow and revenue. Planning your balance sheet helps you understand your assets, liabilities, and shareholder equity, which are all critical aspects of your overall financial health. In this article, we’re looking at the ways your balance […]
Cash Flow Budgeting This Summer (2022): How Are You Progressing Toward Your Financial and Operational Goals?
Cash flow budgeting is a critical part of business success and you should understand how to maintain a positive cash flow throughout all of your business’s seasons. In this article, we’re taking a deep look into how businesses can maintain a positive cash flow this summer. From identifying peak on and offseasons to adjusting your […]
What Is Entity Management and How Can It Help Businesses?
Entity management describes the process an organization uses to manage critical business information and compliance documents. While you might not be aware of its significance, the presence of an effective, convenient, and organized entity management system is more important than ever. Because the internet increases organizations’ ability to expand, business entities, such as partnerships, trusts, […]
The Complete Guide to Shifting From Tax Compliance to Tax Planning
Spring has sprung and we are all excited about the warmer weather and longer days. But for all its sunshine, spring also means tax season. No matter your industry or company size, tax compliance and tax planning is essential for long-term success. And if you start early with comprehensive tax planning throughout your fiscal year, […]