Working Capital Ratio vs. Cash Conversion Cycle
Your working capital ratio (also referred to as your current ratio) and cash conversion cycle are important measures of your company's liquidity.
How To Forecast & Prepare For Inflation
With inflation soaring to 8.6% in May, every business owner, no matter the industry, should update forecasts with the assumption of higher costs. There are two things that you can do as a business owner to prepare for inflation and protect your profit. The first thing is to monitor costs and secure your prices from suppliers, either over the short-term or long-term. The second thing is to raise your prices.
8 Benefits of ERP Systems
There are many benefits of ERP systems. Given a turbulent economic climate over the last three years and increasing security concerns, it's no wonder more…
How to Streamline Your Monthly Reporting Like a Boss
Monthly reporting is one of those operational necessities that often becomes neglected. Here are three ways you can streamline your monthly reporting.
Inventory Accounting 101
We will cover inventory accounting best practices, including inventory tracking, and the key inventory accounting concepts you should know. Given ongoing supply chain troubles, skyrocketing…
3 Reasons to Hire a NetSuite Accountant
Have you hired a NetSuite accountant? You’ve just invested tens of thousands of dollars into the best ERP out there: NetSuite. And yet, you still…
5 Strategies to Reduce Labor Costs
With employee retention, inflation and a looming recession all front of mind for business owners, it can be tricky to balance the effect labor costs have on your bottom line. In the United States, WTW's budget planning survey showed companies are projecting an average salary increase of 4.1% in 2023. But, even if your company is included in that estimate, there may be other ways to reduce labor costs.
3 Ways to Put Your Financial Reports to Work
Our favorite type of client? One that has been growing so fast they haven’t had time to really put their financial reports to work. There is so much room for improvement in a company that is already growing but doesn’t yet know how to glean value from their financial reports.
Outsourced Accounting Services Cost & Other Common Questions
Is it time to scale up your finance team? In this guide, we break down the pros, cons and the costs of outsourced accounting services.
3 Benefits of a Fractional CFO in a Recession
If there’s one thing we might recommend to new clients when they ask about a possible recession, it’s to consider our fractional CFO services. A fractional CFO (also referred to as an outsourced CFO) is a financial partner to to drive growth when there is an opportunity and to help weather a recession if you see a downturn.