How do you know your company is financially fit? We all talk it to death: profit, profit, profit. And for good reason—your profitability, and therefore your profit margin, is the single best measure of company health. However, it is a mistake to think that is all there is to it. This article outlines a handful of other metrics you should be using to gauge company health.
The top 5 reasons to outsource your cannabis accounting include saving time & money, getting 280E compliance-based cost accounting, and risk assessment plus with multiple entities, you need consolidated financials. And consistency.
A true introvert, our Cloud CFO manager Nick feels energized after some solitude, listening to music. But it may not be the music you might expect...
When you’re examining customer profitability, there are two key methods where you can focus your efforts on growing: Increase the number of customers or, alternatively,…
The longest-standing team member of ORBA Cloud CFO, manager Carolyn Koonce this night owl turned morning person uses only the mot understated-emojis. Oh and has tadpoles for... "pets?"
It happens more often than you might think. High-growth business owners that think they are “in the know” when it comes to finance and accounting jargon. But, in reality, they do not understand the most important accounting terms every entrepreneur should know.
The Rule of 40 is a SaaS-specific metric to track your company’s financial health. It combines your profitability and growth into a measure of health. Put simply, if your growth rate and profit margin total more than 40%, then you can assume your SaaS company is in a good financial position.
In a crisis, restricted cash flow can be a double-edged sword. To stay afloat, a business must improve liquidity for fluctuating priorities. Many will focus solely on cutting costs, but there are a few other ways to get creative with cash flow in a crisis.
Here are the top 6 reasons our clients chose to hire an outsourced CFO. 1. Price meets strategy. 2. Self-managed accounting team. 3. Outside-the-box...
Do you know which metrics are essential to your business development and the stage of growth you are in? In this article, we provide a breakdown of some business development KPIs and KPIs for growth in common business models.
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