If you don’t want to run into cash flow problems in your business then it’s important to implement industry best practices. One of those is a 13 week cash flow model. What is a 13 week cash flow? The 13 week cash flow model is a method where companies forecast their financial liquidity over a […]
A variance report is a financial document that compares actual performance against budgeted or planned performance in specific categories such as revenues, expenses, and overall profit. For a small business owner, it serves as a diagnostic tool to identify operational inefficiencies, assess financial health, and make informed decisions. By analyzing the variances between actual and
Organizing a business is one of the biggest keys to success. It is possible to start a business with no plan in place, and even to keep it running for a while that way. Sooner or later, though, the weight of disorganization brings your business crashing down. Starting your business out on the right foot,
As a business owner you’ve probably heard of a cash flow forecast, but is this something that only big-time business owners should be doing or should you be paying attention to this too? Cash flow forecasting is a crucial tool for businesses of all sizes. It’s not limited to large corporations or for exciting startups
We know running a small business keeps you on your toes, juggling responsibilities and striving for success. But here’s a little secret: being the Chief Financial Officer (CFO) of your own company doesn’t have to be on your to-do list. With the advances in technology, virtual CFO services give you the same value of having
Bookkeeping services in California must have unique expertise. California has some of the strictest laws and regulations around business in the entire United States, and support for navigating these situations is one of the biggest needs for Californian businesses. In this post we’ll look deeper in this topic as well as cover 5 top bookkeeping
Maybe your business has grown to the point where you can no longer handle your own bookkeeping. Or maybe you’re just starting out, but are so intimidated by numbers that you can’t imagine handling it yourself. If your finances are overwhelming you, you may need professional back office support. This guide will help you figure
In March 2023, the Financial Accounting Standards Board voted to bring American lease accounting standards in line with the global lease accounting standards set by the International Accounting Standards Board. This update affects Accounting Standards Codification (ASC) 842: Lease Accounting. These changes will become part of GAAP, and will have far-reaching effects on businesses across
AI is the newest player in the accounting and bookkeeping field. Overall, AI has the potential to both wreck businesses, and give efficiency superpowers to others. Clearly you want your business in the second category, not the first. Here’s our guide to some of the best ways you can put AI to work in your
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Looking for ways to improve cash flow? The ultimate marker of health for your business isn’t sales, revenue, or even cash in the bank – its cash flow. Cash flow is king. So, if you want to take your business’ temperature, look at your cash flow and figure out how to improve it. If