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What Is EBITDA and How Can It Measure Your Company’s Financial Performance?

October 30, 2023 | Comments Off on What Is EBITDA and How Can It Measure Your Company’s Financial Performance?

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…

What Are KPIs and Why Are They Important to Track?

September 5, 2023 | Comments Off on What Are KPIs and Why Are They Important to Track?

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…

What Is a Fractional CFO?

August 14, 2023 | Comments Off on What Is a Fractional CFO?

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…

Does My Business Need a Savings Account?

August 14, 2023 | Comments Off on Does My Business Need a Savings Account?

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…

Revenue vs Profit: What’s the Difference and Why Does It Matter?

August 14, 2023 | Comments Off on Revenue vs Profit: What’s the Difference and Why Does It Matter?

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…