The CFO Blog

Storing Up Nuts – Building a Cash Reserve

Storing Up Nuts – Building a Cash Reserve

What can business owners learn from squirrels, mice and beavers? How about looking both ways before crossing the road! Or maybe knowing how to stay warm during long winter months? Probably the most important lesson we can learn from these animals is that if you want to survive, you have to plan ahead.

Managing Your Personal Financial Risks

Managing Your Personal Financial Risks

We spend a lot of time helping businesses improve their profits and cash-flow. When we stopped to think about all the ideas and experience we have managing and controlling risk and costs in a business, we realized many of these ideas also apply to individuals managing their daily lives and personal finances.

Are you still doing your payroll in-house?

Are you still doing your payroll in-house?

We work with a lot of small businesses and often they are challenged covering all the office functions most businesses have to deal with on a daily basis. One of the most critical office function of any business is processing payroll. It’s a necessary function that on the surface seems straight forward but when you take a closer look and examine all the related factors, you may be exposing yourself to unnecessary risks if you handle your payroll in-house.

Horizontal Analysis – Unlock the Mystery Behind Your Financials!

Horizontal Analysis – Unlock the Mystery Behind Your Financials!

By Tom Carbone, Senior Financial Analyst

As a small business owner, have you ever asked your bookkeeper or controller to provide you with an income statement and felt like you’re reading a foreign language? Your eyes probably wander directly to the bottom line. “Hmm…how much money did we make? What!? We had a $40,000 loss? That can’t be right!?!” Then you look at all the rest of the numbers on the page and you’re still not sure why. “Cost of Goods Sold? Gross Profit? Expenses? Where did we go wrong? More importantly, WHY did we lose money?”

A Record Breaking Day

A Record Breaking Day

Today is officially the first day of summer, which also means it is the longest day of the year. We will have approximately 15 hours of daylight. What are you going to do today to make sure you get the most out of your day?