Closing the books at year-end is an essential accounting task every business must undertake. The purpose of closing the books is to prepare accurate financial statements that summarize the business's ...

Introduction and Value of Outsourced Controller Services Outsourced controller services provide companies with access to financial experts to handle day-to-day accounting and financial management. T...

Accounting is crucial for any business. It involves recording, analyzing, and reporting financial data and provides valuable insights into a company's financial health and helps owners make informed d...

Introduction Bookkeeping and accounting are two essential financial management functions. While they are related, there are some important differences between the two roles. Bookkeeping refers to t...

What are Fractional CFO Services? Fractional CFOs provide financial leadership and strategic advisory on a part-time, interim, or project-based capacity. Unlike a full-time CFO who works for one compa...

Introduction to Cash Flow Forecasting Cash flow forecasting is a process of creating an estimate of a business's future cash levels over specified periods. Maintaining a company's cash flow predictio...

Basic bookkeeping is the practice of recording all financial transactions for a business. It includes tracking money coming in (income) and going out (expenses). Maintaining accurate books gives small...

When you first become a business owner, especially as an entrepreneur, you may wonder whether or not you need to create a business budget. You might already have your start-up capital, equipment, and ...