In business, due diligence is a critical phase when each of a company’s documents and records are scrutinized. This process plays an important part in mergers, acquisitions, and fundraising when determining the worthiness and risk of a deal. However, this phase can be daunting and is often marked by various challenges for companies, particularly when […] Read more “Why Companies Need to Have a Data Room”
Tag: accounting
In the realm of business finance, each and every transaction is significant, not just for the immediate financial health of the company, but also for its long-term stability and compliance with laws and regulations. As a business owner, you are responsible for maintaining financial integrity by meticulously tracking receipts and bills for every transaction that […] Read more “The Importance of Matching Receipts and Bills for Every Transaction”
A budget is an essential financial tool for your business, but creating an actionable budget is often difficult. Many business owners create a budget at the start of the year–only to stray from it within a few months. This article will go over some tips and tricks for creating a business budget that you can […] Read more “How to Create Your Budget So You’ll Actually Use It”
As 2023 draws to a close, we find ourselves at that time of year again – the time to complete your year-end review. Your year-end review is more than just a reflection on the past year; if done correctly, it will also serve as a roadmap for your business to follow in the year ahead. […] Read more “What to Look for During a 2023 Year-End Review”
I’ve always had an interest in investments. Whether it’s in the form of stocks, a 401k, certificates of deposit, or any other investment vehicle, I firmly believe the key to preparing for your future is investing early. With that being said, I feel there is a significant lack of education on the topic. So, I’ve […] Read more “Invest Early to Jumpstart Your Financial Journey”
If your business needs financial management or other financial services, then CFO advisory services may be worth looking into. For businesses today, the role of a Chief Financial Officer (CFO) has evolved beyond a traditional financial manager. A CFO not only oversees traditional financial operations, but also helps to guide the direction of the company […] Read more “Does Your Business Need CFO Advisory Services?”
Not only is preparing a budget important for your business, but it is also imperative that your business regularly monitors and analyzes your budget to actual results. The results of this report give you the insight you need to make important budget changes when and where they are needed. The ability to pivot quickly based […] Read more “How to Analyze Your Budget to Actual Results”
Among the many decisions you’ll need to make when starting a business, choosing the right entity that will define the legal structure of your business is an important one. The two most popular options for new entrepreneurs are Limited Liability Companies (LLCs) and S Corporations (S Corps). While both entities offer limited liability protection to […] Read more “LLC vs S Corp: A Guide for Business Owners”
Many startup businesses look to fractional CFOs for assistance with their finances. Now there are lots of reasons why startup business owners might want the help of a fractional CFO, but one of the main reasons is that startup employees are often busy! They usually “wear many hats” and juggle lots of responsibilities. If you’re […] Read more “Fractional CFO Services: What You Need to Know”
When you think of a tax strategy, you probably think of putting a plan together to save money. When you think of saving money, you think of more profit. Now, there’s a logical connection between these two ideas, because creating a tax strategy for your business will help you increase your profits. As you prepare […] Read more “How Tax Strategy Aligns with Profit Goals”
Many economic and government leaders are predicting that the United States will enter into a recession within the next year. We want your business to know how to handle inflation and looming recession. Because the U.S. is experiencing several supply chain issues, and inflation continues to rise, these signs are, unfortunately, pointing toward a recession. […] Read more “How Your Business Can Handle Inflation and Looming Recession”
Small- to mid-sized business owners have a lot of responsibilities on their plate. As the leader of a company, you are responsible for its income, balance sheets, and tax payments. If you are currently a one-person show where you handle all accounting duties, you might quickly find you need help. With the help of professional […] Read more “Bookkeeping Services: A Review of Bench.co”