Should I Use Accrual or Cash Method for Accounting?

Posted on January 9th, 2023 in Accounting, Money Management

Choosing between accrual or cash basis accounting depends on the size of your business and whether you need to present your financial information to shareholders. It also depends on your sales revenue and whether you’re a publicly traded company. In this blog, we’re looking at the differences between accrual and cash basis accounting and which […]

Moving from Finance-as-a-Function to Finance-as-a-Service

Posted on September 22nd, 2022 in FA Services, Finance-as-a-Service, Money Management

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 […]

How to Adapt Your Financial Strategy During Times of Inflation

Posted on July 31st, 2022 in Accounting, Money Management

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. […]

Maintaining Your Business Balance Sheet This Summer

Posted on June 14th, 2022 in Accounting, Money Management

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?

Posted on June 8th, 2022 in Money Management

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 […]

2022 Financial Strategies for eCommerce Companies

Posted on February 23rd, 2022 in Accounting, Money Management

As an eCommerce business owner, you’re likely feeling the mounting pressure of supply chain issues, increased inflation, and changing sales tax nexuses. While these challenges are concerning, you would do well to see all of the opportunities on your horizon Having innovative eCommerce accounting software solutions and the right financial professionals on your team can […]

Improving Cash Flow Through Your Tax Planning

Posted on December 14th, 2021 in Accounting, Money Management, Taxes

The importance of cash flow for a business’s sustained financial success cannot be overstated. Positive cash flow affects daily operations, payroll, and the overall financial health of your business. Without it, businesses that would otherwise be successful with high-quality products and services can quickly flounder. In the rapidly changing tax environment, especially with the emerging […]

What Is an M & A Advisory Firm?

Posted on November 4th, 2021 in Accounting, Money Management, Scaling & Business Growth

Mergers and acquisitions describe the process by which companies consolidate their assets through various financial transactions. These transactions include mergers, acquisitions, consolidations, assets purchases, management acquisitions, and corporate restructuring.

What Is a Fractional CFO?

Posted on October 18th, 2021 in Accounting, eCommerce Accounting, Money Management, People & Hiring, Small Business, Types of Accounting,, Your Back Office

If you’re a small business or a business trying to scale, financial procedures, reporting, and forecasting can seem like a nightmare. Fractionalized CFOs help you respond to these problems and more, ensuring you can execute your goals and position yourself for sustained financial success. However, you might have questions about the difference between a controller […]

What is the Difference Between an Accountant and a Controller?

Posted on October 18th, 2021 in Accounting, eCommerce Accounting, Money Management, Types of Accounting,, Uncategorized, Your Back Office

Structuring your company’s accounting infrastructure is always a challenge, no matter your size or success level. One of the questions companies often find themselves asking is about the differences between controllers and accountants. Controllers and accountants are closely related. The main difference between the two roles is the level of oversight controllers provide to their […]

What Is Cash Flow Analysis?

Posted on October 18th, 2021 in Accounting, Data Analytics, Money Management

Increasing your cash flow is essential for your company, no matter the industry. However, to increase your cash flow, you need to devise a tested, effective cash flow analysis strategy. But what is cash flow analysis and how does it improve this vital aspect of any business? Cash flow analysis involves more than just monitoring […]

6 Best Practices to Maximize Cash Flow

Posted on January 27th, 2021 in Money Management