As a small business owner, you probably pay close attention to your bottom line. As your company grows, you may be able to hire new executives, including a chief financial officer, but that day might be a long way off if you are just getting started. But that doesn’t mean it’s not possible to get CFO-level insight into your business. Today, more and more companies are turning to outside advisory services to help with the duties of a traditional CFO.…
If you run a business, you need an accountant. When most people think of accountants, they think of tax professionals that are good with numbers. While this is often true, there are many other things your accountant can do for you that will benefit your business.
Keep Close Track of Your Spending
Is it hard for you to keep track of how much you are spending? You do not want to overspend or end up spending more money than what you are bringing in with your business.…
Whether you own a small business or a large corporation, you likely keep a close eye on your numbers each and every day. But even the most diligent business owner could use a little help when it comes to balancing the books. If you have not yet hired a business accounting firm to help you with your balance sheet, you might be leaving money on the table. Here’s why you need a business accounting firm on your side.…
All businesses need good cash flow, but construction companies often find themselves struggling to keep up in this area. If your business is constantly taking short term loans, chasing receivables, and delaying purchases or payments, here are a few things you can do to make cash flow better.
1. Check Contracts
The best place to start maximizing cash flow is to negotiate contracts in your favor. This is the stage when you can set payment terms, designate upfront payments, and stipulate consequences for late payment.…
As your small business grows and changes, the financial data it generates becomes more and more important. If your company is moving past the early stages where you or a family member can handle the accounting work yourselves, who should you hire to help you out?
To find the right accounting assistance, here’s a brief rundown of the roles of a bookkeeper and an accountant so you can make the best decision for your company.…
