Posts Tagged: budget

Start the Year on the Right Financial Foot

We’re knee-deep in the fourth quarter, and business owners and their bookkeepers are busy wrapping up their corporate accounting matters. This is also the perfect time to do some advance planning for next year with some bookkeeping tasks that will help put your business on the track for a strong year ahead. After all, you can’t get where you want to be… Read more »

Bookkeeping vs. Accounting: What’s the Difference?

Aristotle once quoted, “The whole is greater than the sum of its parts”. This quote speaks of synergy, the interaction or cooperation of two or more parties that produce a combined effect greater than the sum of their individual effects. In context of small business accounting, this saying holds true. Small business owners often find… Read more »

What is a CFO?

An organization is like a ship—the chief executive officer (CEO) is the captain and steers the company towards its goals; while the chief financial officer (CFO) is the rudder who works with the CEO to ensure that the company is financially sound in order to meet its business goals. In essence, the CFO holds the… Read more »

12 Tips to Improve Your Cash Flow in 2016

“Cash is king” is a hard and fast truth in business. Cash is necessary to pay salaries, buy equipment and supplies, and pay the bills. It’s also important to have cash on hand for emergencies. So how can you improve the cash flow of your business in the upcoming year? 1. Prepare a budget: The… Read more »