Chief financial officers play an important role for businesses of any size. From supervising bookkeeping to preparing financial statements to projecting future performance, a CFO ensures the business stands on solid financial footing. But hiring a full-time CFO may be out of reach for small and mid-sized businesses. It’s quite expensive to pay the salary and
The concept of cloud computing is continually gaining ground around the world. As a business owner, you are most likely using one of the many available cloud applications in your workplace. This could include Google Drive, Dropbox, and Salesforce. If you have realized the benefits of using these cloud applications, then cloud accounting for your
It’s often tempting for business owners to attempt to handle their accounting and bookkeeping needs themselves. After all, business owners are accustomed to wearing many hats; why not save money by carrying out your bookkeeping and accounting services yourself? Unfortunately, this “can do” attitude which is essential in so many business areas can lead to serious problems
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Since the 2008 recession small and medium sized businesses have been on the rise. At the same time financial management and breaking even each quarter is still a big concern for many businesses. In this light small businesses should look to save on expenses and leverage productivity. Hiring a full fledged CFO can increase business
It takes hard work, patience, and sacrifice to get a business off the ground. That effort gets wasted when entrepreneurs try to tackle both the business and financial aspects of their company. This often leads to the bleeding of financial resources that no company can survive. It’s hard to be both a good business owner