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What’s the temperature of your Business? Understanding the Balance Sheet Part 1 of 3 The Balance Sheet can really help you understand your business. Structure of a Balance Sheet Relationship is expressed: Assets = Liabilities + Equity In Part 2 of 3, we will discuss some important ratios and their meaning for your business! If…

Like many small business owners, you might have had time to manage every part of your business when you started out. But as the business grows, you need to take stock. Is it time to outsource some tasks? As a business owner, it’s crucial to focus on the areas of the business that you can impact…

WHAT IS A VIRTUAL CFO? A virtual chief financial officer, or CFO, helps a business owner make sound business decisions based on their expertise in financial planning, financial reports, and financial strategy. WHY USE VIRTUAL CFO SERVICES? Once your business reaches a certain scale and size, the decisions you make as a business owner have…

Welcome to the “Month-End Close” –  set of steps that “closes” your books at the end of the month to set your        numbers in stone.–  issues arise when someone finds invoices or bills that weren’t recorded within   the correct month.  These changes will cause the financials to be out of sync   and it will result…

A key difference between QuickBooks Online and Desktop is that you can access QuickBooks Online from any computer or mobile device connected to the internet, and it’s easy to share data with your accountant. Unless you need advanced inventory or granular job costing, QuickBooks Online (QBO) will likely be the better choice for your business. Here’s why:1.  Cloud…