As an employee, finding out how much money you’re making is easy. In fact, your employer’s HR department does it for you. They subtract your taxes and health insurance payments for you, so just one glance at the check will tell you how much will end up in your bank account. Owning your own business…
Ever feel like your accountant is speaking a different language? Every industry comes with its own acronyms and lingo, and the world of accounting is no different. We use different terms to talk about how we’re tracking the financial health of your business, and one of the most important things we look at is your…
You probably already know that CFO stands for Chief Financial Officer. It’s a position usually associated with large corporations working in sprawling offices in skyscrapers. But what if you own a small business that can’t afford the high salary of a CFO, but you still need the services and expertise of a CFO? That’s where…
As individuals, we are often told having a savings account and contributing to it regularly is part of being smart about money. But business owners are not always told about the benefits of having a savings account for their business. As with personal savings accounts, there are pros and cons to having a savings account…
Every business needs to know how much money it’s bringing in, but if you’ve ever told someone how much your business makes, you’ve probably heard this question: Is that revenue or profit? Some people will say gross revenue, but the meaning is essentially the same. High revenues are always impressive, but if your expenses are…