If your business sells physical products— especially within eCommerce— then it’s important to understand the concept of landed cost. Any and all costs and fees that go into your product before you sell it have to be considered if you want to make a profit on your inventory. This is where each product’s landed cost […]
Why Hire a Fractional CFO for Startups
“Efficient use of resources” is a golden rule for successful startups. When you hire a fractional CFO for a startup you’re satisfying that rule in a number of ways. Outsourced CFOs are a fraction of the cost when compared to a full-time CFO. They’re also a knowledgeable advisor who provides the team with broad financial […]
Can QuickBooks Replace an Accountant?
Whether you are a small business owner needing small business accounting or the CEO of a mid-sized company, you understand the importance of maintaining organized financial records, such as balance sheets, budgets, and financial reports. With digital records like QuickBooks – a top bookkeeping and accounting software – the storage, management, and analysis of business […]
How Your Accountant and Bookkeeper Can Unleash the Full Power of QuickBooks To Boost Your Business
“A tool is only as good as the hands that wield it.” This adage was true when ancient civilizations started using stone tools, and it’s still true now when most of our tools are digital in nature. But there is one significant distinction. We don’t need to learn and improve by trial and error. Most […]
Can You Answer These 7 Questions About Your Business Finances?
Understanding the financial trajectory of your business is one of the most important aspects of being a successful business owner. As we’ve recently seen during the period of COVID-19, many businesses small and large have failed or been forced to reorganize. If these businesses asked these seven questions much earlier on and received answers, they’d […]
How a QuickBooks Consultant Can Help You
You know about QuickBooks accounting software. But what is a QuickBooks consultant? And how can a QuickBooks consultant help you? A QuickBooks consultant often referred to as a QuickBooks ProAdvisor, bridges the gap between accounting and technology. You’re able to tap into the full capabilities of your QuickBooks software, but more importantly, you’re able to […]
What Is a Fractional CFO?
A fractional CFO is a outsourced professional who can supply all of the business insight of a full-time chief financial officer at a fraction of the cost. It’s an incredible opportunity for a small business to gain enterprise-level insight on a part-time basis. What Does a Fractional CFO Do? Who Needs a Fractional CFO? Why […]
The Benefits of Having a CFO
The advantages and benefits of having a CFO make the professionals well-sought. However, unless you’re an enterprise-level company or in the finance sector, it’s unlikely you have a full-time chief financial officer. The cost of a full-time CFO would make any small business seek alternatives. A part-time, outsourced, or fractional CFO is the answer. Here’s […]
QuickBooks Vs Excel for Small Business
Regardless of what software or accounting tool is used, there is a unified agreement that you need something to keep track of small business finances. Depending on the breadth of your service or line of products, you could get by using Excel. However, as we’ll cover below, there’s reason to consider switching to a more […]