Your objective is growth: steady, sustainable and accelerating.
Can your back office financial operations support this growth without falling apart and adding non-scalable costs?
Consider what happens in most small and midsize businesses when they start to push up against the limits of QuickBooks and Microsoft Excel. As particular processes become unmanageable, they invest in specialized point [...]
A small business owner typically can’t afford to hire enough people to have proper separation of duties to gain the internal controls needed to prevent accounting fraud. However, every business owner can achieve accounting fraud prevention by taking these simple steps:
1. Open the bank statement yourself
Every small business owner should receive the [...]
Markup vs Margin Differences
Is there a difference? Absolutely. More and more in today’s environment, these two terms are being used interchangeably to mean gross margin, but that misunderstanding may be the menace of the bottom line. Markup and profit are not the same! Also, the accounting for margin and mark-up are different! A clear understanding [...]
CFOs see several positive economic signs, but employment isn’t one of them.
At last, some good news. For the first time in more than a year, finance chiefs expect double-digit growth in earnings and significant growth in capital spending over the next 12 months, according to this quarter’s Duke University/CFO Magazine Global Business Outlook Survey. Finance [...]
Predicting future cash flow plays a critical role in maintaining the company’s health, and yet many small businesses have no satisfactory forecasting mechanism in place. To some extent, this is understandable — large corporations have more access to elaborate computer-generated data processes, while smaller companies must rely on intricate, well-coordinated interplay between department heads and [...]
Reprinted with permission from www.WikiCFO.com
Accounts receivable Turnover ratio indicates how many times the accounts receivable have been collected during an accounting period. It can be used to determine if a company is having difficulties collecting sales made on credit. The higher the turnover, the faster the business is collecting its receivables. It can be expressed [...]
Vincent Ryan, CFO.com | US
January 15, 2010
New issuance of syndicated, revolving lines of credit dropped 28% by dollar volume in 2009, according to data from Reuters Loan Pricing, as companies shifted their sources of liquidity and reduced reliance on bank credit. The $547 billion in volume issued was one-third 2007’s record issuance of $1.68 [...]