Consult Your CFO Blog
What Does a CFO Do on a Daily Basis?
A CFO is essential to any business, providing financial guidance and overseeing financial operations. A CFO's daily tasks involve developing and managing a budget and ensuring compliance with financial regulations, negotiating loans and lines of credit, creating...
How to Fix Cash Flow Problems
Like most business owners, you've probably had to deal with cash flow problems at some point. Maybe you ran into an unexpected expense, or your sales dropped. Whatever the reason, cash flow problems can be a real pain. But don't worry; there are ways how to fix cash...
What are Pro Forma Financial Statements?
Pro forma financial statements are essential tools that investors and management can use to better understand a company's financial position and performance. By adjusting or giving effect to events that are not expected to occur, these statements can provide valuable...
What is the Difference Between a Controller and a CFO?
Controllers and CFOs bring essential support to businesses because they are responsible for many parts of a business’s finances. There are critical differences between them regarding their responsibilities so let’s break them down in this article. The main difference...
What Does a Bookkeeper Do for a Small Business?
What does a bookkeeper do for a small business? Bookkeepers play an important role in small businesses. They are responsible for keeping financial records accurate and up to date, which includes recording all income and expenses, as well as reconciling bank...
How to Budget for Busy Professionals
As a busy professional, you may not have a lot of time to think about your finances. But taking some time to save and invest wisely can pay off in the long run. Here are some financial tips for how to budget for busy professionals: 1. Make a budget and stick to it....
Tax Traps During Mergers and Acquisitions
Are you looking into merging or acquiring a company? There are tax traps to note before you do so let’s break it down. A merger is when two companies combine to form one company. An acquisition is when one company buys another company. Many benefits can be gained from...
4 Signs You Need a Healthcare CFO
A CFO is responsible for the financial health of the organization. They develop and oversee financial strategy, manage budgets and expenditures, and ensure compliance with regulations. CFOs also collaborate closely with other members of the C-suite to develop and...
The Benefits of Hiring a Temporary CFO
As your business grows, so do the demands on your time and energy. You may find yourself in need of financial expertise to help you make critical decisions and keep things running smoothly, but hiring a full-time CFO is not always feasible. This is where a temporary...
26-Week Cash Flow Template
A 26-week cash flow template can be a helpful tool for businesses to track their income and expenses over a six-month period. The template can be customized to include all sources of income and all types of costs, or it can be tailored to focus on a specific area of...
Top 5 Reasons To Use Cash Flow Forecasting Techniques
Cash flow forecasting is an essential tool for businesses of all sizes, providing key insights into their financial health and helping them to manage risks and make the most of their available resources. Here are the top reasons why cash flow forecasting techniques...
The Importance of Cash Flow Forecasting
As a business owner, it is important to understand the importance of cash flow forecasting. A cash flow forecast is an essential tool that can help you anticipate and plan for changes in your company's cash position. By being proactive and preparing a cash flow...
Why is Job Costing Higher in the Pharmaceutical Industry?
Job costing is the process of tracking the costs associated with a particular job or project. This includes the costs of materials, labor, and overhead. By tracking these costs, businesses can ensure that they are making a profit on each job and that they are not...
What is the Difference Between Accounting and Bookkeeping?
If you’re starting a business, you need to understand the difference between accounting and bookkeeping. Both are important in any business, but they serve different purposes. Here’s a quick overview of the two: Accounting is the process of recording, classifying,...
What Do Nonprofit Accountants Do?
Nonprofit accountants provide financial guidance and support to nonprofit organizations. They help these organizations maintain accurate financial records, prepare budgets, and ensure compliance with financial regulations. Nonprofit accountants also work with donors...