CPA Consulting: Why is it important to separate personal and business finances?
August 29, 2024No Comments
⏱️ 2 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ Many small business owners find themselves asking, “Why is it important to separate personal and business finances?” This is an important question that can safeguard your business’s financial health and make your life much easier.
What is Top and Bottom Line in Business? Essential Knowledge for Success
August 29, 2024No Comments
⏱️ 2 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ In business, the “top line” refers to a company’s total revenue or gross sales. It’s called the top line because it’s the first line item on an income statement. The “bottom line,” on the other hand, refers to a company’s net income or profit. It’s the last line item on an income statement, hence the name.
Mapping the Future of Your Business with Year 1 Financial Projections
July 30, 2024No Comments
⏱️ 4 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ Creating a financial projection helps you to develop a strategy and contingency plan for twists in the road.
5 Financial Health Indicators That Matter for New Small Businesses
July 30, 2024No Comments
⏱️ 2 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ In the fast-paced business world, understanding your financial health is crucial for long-term success.
The Risks and Realities of Using Company Funds for Personal Use
July 30, 2024No Comments
⏱️ 2 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ The allure of dipping into company funds for personal use can be tempting, especially for small business owners who often juggle multiple financial responsibilities.
Why Cash Management Matters: A Strategic Accounting Perspective
June 3, 2024No Comments
⏱️ 3 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ As a fractional CFO and strategic accountant, I’ve seen firsthand how effective cash management can be the lifeblood of any organization. It’s not just about
