Category: Accounting

Recession-Proof Your Business with Outsourced Accounting

Recession-Proof Your Business with Outsourced Accounting

Posted on September 18th, 2023 in Accounting, eCommerce Accounting, Scaling & Business Growth

In an unpredictable global economy, businesses need to stay agile and adaptable. The haunting specter of a recession is something that keeps many business owners awake at night. Yet, some businesses seem to navigate economic downturns with resilience, while others falter. A significant factor that differentiates the two is the foresight to innovate, economize, and […]

Read More
The Role of Outsourced Accounting in Scaling Your E-commerce Venture

The Role of Outsourced Accounting in Scaling Your E-commerce Venture

Posted on August 23rd, 2023 in Accounting, eCommerce Accounting

In today’s digital age, the e-commerce industry has demonstrated significant growth, paving the way for new opportunities and challenges alike. In 2021 alone, e-commerce sales amounted to $5.2 trillion worldwide, and this number is expected to reach about $8.1 trillion in 2026. One of the most considerable challenges an e-commerce venture faces, especially during scaling […]

Read More
Maximize Profitability in a Recession: Accounting Insights and Strategies

Maximize Profitability in a Recession: Accounting Insights and Strategies

Posted on July 13th, 2023 in Accounting, eCommerce Accounting, Scaling & Business Growth

Recessions can be challenging times for businesses, as economic uncertainties and market downturns create obstacles to maintaining profitability. However, with strategic accounting practices, it is possible to navigate these difficult periods and even maximize profitability. Here, we will explore valuable accounting insights and strategies that can help businesses thrive during a recession. Fully Accountable specializes […]

Read More
Surviving a Recession: How an Outsourced CFO Can Strengthen Your Financial Strategy

Surviving a Recession: How an Outsourced CFO Can Strengthen Your Financial Strategy

Posted on June 29th, 2023 in Accounting, eCommerce Accounting, Outsourced CFO, Your Back Office

During times of economic downturn, businesses face numerous financial challenges that can significantly impact their long-term viability. A recession brings about uncertainties, shrinking profit margins, and the need for strategic financial decision-making. In such circumstances, having a strong financial strategy becomes crucial for survival and future growth.  One effective solution is to engage the services […]

Read More
Sustainable Financial Growth in a Recession: Key Accounting Approaches

Sustainable Financial Growth in a Recession: Key Accounting Approaches

Posted on June 20th, 2023 in Accounting, eCommerce Accounting, FA Resources, Outsourced CFO, Your Back Office

In times of economic uncertainty, businesses face numerous challenges in maintaining financial stability and achieving sustainable growth. Recessions impact small businesses the most, with the Great Recession of 2008 being responsible for shuttering 1.8 million small businesses. It’s a harrowing thought, yet there is more you could be doing to prevent this from happening.  However, […]

Read More
How to Monitor Cash Flow

How to Monitor Cash Flow

Posted on May 18th, 2023 in Accounting, eCommerce Accounting, FA Resources, FA Services, Scaling & Business Growth, Small Business

Cash flow monitoring is the process of analyzing and projecting cash inflows and outflows to optimize cash flow. Effective cash flow monitoring ensures the business is liquid enough to cover its operating expenses, investments, and debt obligations. One of the main reasons cash flow monitoring is so important is that it allows businesses to make […]

Read More
Understanding a Financial Statement Audit

Understanding a Financial Statement Audit

Posted on April 28th, 2023 in Accounting, eCommerce Accounting, FA Services

Presenting accurate financial statements is the backbone of any successful company. For one, doing your due diligence is your duty to investors and stakeholders, but just as important is following the laws and regulations that govern financial reporting. That is especially true for public companies, as federal bodies such as the Securities Exchange Commission demand […]

Read More
Finance vs. Accounting: What’s the Difference?

Finance vs. Accounting: What’s the Difference?

Posted on April 20th, 2023 in Accounting, eCommerce Accounting, Finance-as-a-Service

As you evaluate your company’s financial needs, it can be stressful to determine where to invest your money. You can improve your company’s financial outlook in many ways, but hiring an accountant or a financial analyst can make a significant impact.  While similar in many respects, accounting and finance handle financial information in distinct ways. […]

Read More
What Are the Types of Accounting Software?

What Are the Types of Accounting Software?

Posted on April 4th, 2023 in Accounting, eCommerce Accounting, Technology

If you’re trying to streamline your finance department, accounting software is an essential component. The fast-paced business environment of today demands you automate elements of your accounting department so you can focus on larger initiatives and your bottom line. As a business owner, you need time to focus on sustainable growth and long-term financial viability. […]

Read More