As a professional accountant, you understand your job is more than just crunching numbers. You have to stay up-to-date with the latest trends, regulations, and technologies to offer the best possible services to your clients. Continuing education is vital for accountants; we’ll explain why in this article.   Continuing Education: A Must for Accountants Continuing education refers to learning after a professional has completed their initial education and training. For accountants, continuing education is essential to maintain their license and certification and helps them stay current wit ..read more

The nightmare for accountants and businesses alike is a growing issue. The financial data, in particular, makes it a prime target to hackers who want your information- whether you’re an individual or a company! IT teams need expert help keeping precious records safe from prying eyes and malicious software attacks that could cause significant damage if not dealt with immediately upon detection (such as ransomware). Why Accounting cyberattacks are on the rise, and what you can do about it. The cloud is a great way to make accounting more accessible, but it also presents new risks that must be co ..read more

Did you know that almost half of small business owners name bookkeeping as their least favorite task? Are you still handling your books in-house? If so, you’re probably putting yourself through a lot of unnecessary stress and expense. Yes, you heard us right. Doing your bookkeeping in-house can cost a lot more than if you outsource small business accounting. This is just one of the many advantages of outsourcing your books.  If you’re wondering whether you should outsource accounting for your small business, keep reading to find out the top advantages.   Outs ..read more

For those of us on a calendar fiscal, we are probably getting into the process of planning for 2022 and beyond.  Since the GFC planning has been focused mostly around growth and a stable economy.  The 2022 planning cycle, given recent economic data points, could be anything but another round of the same.  Specifically, it will be critical to consider the impact of rising and sustained inflation in our next year forecasts.  This impact can be felt the most on our cost structures in the form of higher input costs including materials, labor, shipping, and even facility expense ..read more

Proper financial analysis for business is essential. Otherwise, you run the risk of encountering a large handful of different complications. In some cases, you may even find yourself facing legal issues. After all, the money at your business is its lifeblood. Not having enough at the right time is a scenario that you want to avoid at all costs. The good news is that it’s not as difficult to understand as you might anticipate. Let’s take a look at everything you need to know. So, What Exactly Is It? As the name suggests, financial analysis is the process of establishing financial policies ..read more

Did you know that outsourcing can save your business money? It’s true! Outsourcing business functions like accounting can save you time and money. If you’ve been wanting to learn more about how outsourced accounting can actually save your business money, we’ve put together the ultimate guide. Keep reading to learn more about outsourced accounting and how outsourcing this business element can improve your overall business operations.  What is Outsourced Accounting? Outsourced accounting is a lot like internal accounting, with some added benefits. Outsourced accountants perform th ..read more

Do you know how much debt your business has? What your cash flow is like? How your revenue last year compared with your revenue 5 years ago?  If you’re a business owner and you can’t easily answer these questions, there is a good chance you need to consider financial analysis. Financial analysis can help you get a better idea of your organization’s larger financial picture. Read on to learn more about financial data analysis and why you need it.  What Is Financial Analysis? Financial analysis is the process of using historical financial data to get insights into the cu ..read more

What Is A Virtual CFO, Exactly (And Why Do I Need One?) First of all, what is a virtual CFO exactly? And why does your business need one? Take a look at everything you need to know today. Keyword(s): virtual cfo The average salary for a CFO in the United States is $395,820. If you’re an entrepreneur or a small business owner, this figure might make you panic. CFOs perform a number of critical functions for growing and maintaining your business. But for many business owners, bringing someone on board at this price point isn’t realistic. Fortunately, there is a better option. Keep read ..read more

Have the proper CFO for your company can often be the difference between whether or not you are able to accurately implement your financial analysis. However, it’s not uncommon for a business to not have the resources to keep a CFO in-house. Instead, companies often work with an outsourced CFO to fill this role. Not quite sure if it’s right for you? Let’s take a look at everything you need to know about outsourced CFO solutions. What Exactly Is This Type of CFO? As the name suggests, an outsourced CFO is a professional outside of your business who is able to offer financial guidance, acco ..read more

When you’re looking into getting the most from your company, there are a variety of models for improvement you should put into place. By looking into systems modeling for improving business processes you’ll be able to upgrade so many different facets of your company.  So what should you know about these methods for improving your business? We’re glad to explain.  Keep reading to learn all about business process and improvements and how they’ll be helpful to your company.  What Exactly is Business Process Improvement? Business Process Improvement (BPI) is a form of observation an ..read more