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How Serious Are You About Your Company’s Financial Success?

CFO Simplified

Most business owners get financial reports monthly: Profit and Loss, Balance Sheet, Statement of Cash Flows. Some look at them in detail, and others look at a couple of distinct numbers. For example, do you have a cash flow forecast? Are your numbers trending up or down? The bigger issue?

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Finance vs. Accounting

CFO Simplified

While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category. Finance is categorized as strategic while accounting is much more tactical. Cash flow forecasting.

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The Finance Committee and Nonprofit Financial Management Tips

The Charity CFO

Your finance committee spends the most time analyzing and studying your nonprofit’s numbers, yet your entire board of directors is responsible for financial oversight. PRO TIP: To get even more capacity from your finance committee, include them in your strategic plan! Every nonprofit should periodically develop a strategic plan.

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How to Adjust Your Business Budget When Life Happens

KG Virtual CFO

Pay Attention to New Numbers Chances are, your business has been impacted by the coronavirus in some shape or form. And to help bounce back from the negative cash flow, you may need to make some sacrifices, such as cutting unnecessary expenses and reducing spending. Need a trusted advisor to review your financial plan?

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A Business Growth Case Study

CFO Simplified

But sometimes the plans are erratic, spur of the moment, or not fully formed. Bringing Value Through CFO Insights. Growth can come from a number of different approaches – new product lines, an acquisition, new channel of distribution. How do you make sure that the right plan is in place, and there’s enough money to do it?