Financial Planning and Analysis

Most kids have a glass or ceramic piggy bank in which to save up their coins. To a kid, a piggy bank full of coins seems like a lot of money, but in reality, most of them only hold a few dollars. While that might seem like a lot to a kid at the time,…

When determining the price of your products/services, you need to make it low enough that you’re not pricing yourself out of business, but you also want to make sure it’s high enough that you make a profit. The obvious way to do that is to add up all the costs involved in making the product/service,…

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…

How often do you really analyze your business’ finances? You probably check in once or twice a month to make sure you have enough in the bank to pay your bills for the next month, but do you really understand your cash flow? Can you give an account of your current financial standing, much less…