Consult Your CFO Blog

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...

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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...

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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...

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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...

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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...

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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...

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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,...

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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...

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What Are The 6 Steps Of The Budgeting Process?

The budgeting process is a systematic and organized method that can be used for planning for profit and loss while also providing control over the financial aspect of a company. The budget process is an essential part of running a business. It should be made up of all...

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What Is A Fractional CFO?

The role of the CFO has evolved over time to be an important part of the executive leadership team. They are responsible for guiding companies with their financial decisions and reporting on how they are doing. A Fractional CFO is a new way to bring senior-level...

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What Services Do CFOs Provide?

The Chief Finance Officer (CFO) is responsible for ensuring that their company is properly maximizing its revenue and working to achieve profitability while minimizing risk. This person also helps assist with strategic planning to ensure goals are met which is...

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What Are Interim CFO Services?

Hiring an Interim Chief Financial Officer or CFO has been a growing trend over the last twenty years because it provides many benefits to the company. Interim CFOs are experienced executives who fill in temporarily or on a periodic long-term basis. The most common...

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Living Wage

What is a living wage?  It is an hourly amount that allows a person to meet a basic standard of living within a community. The President’s goal is to institute a national living wage. However, if you live in Hawaii or New York City a living wage of $10.10 will not...

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Should I Use an Outsourced CFO?

Consider these scenarios: Your business needs an independent advisor, free of internal politics and biases, to recommend and implement policy, procedure, and system changes for the betterment of the entire organization. Your internal accountant/bookkeeper requires...

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