Comparing In-house Vs. Virtual CFO Services: All you need to know
A good Chief Financial Officer (CFO) ensures good financial management and a good financial management ensures business success. Many businesses having good ideas eventually fail unless they carefully manage their finances. A CFO is the senior most financial officer who looks after the finances of the company and takes strategic financial decisions of an organization. […]
An In-Depth Look At The Future Of Accounting: 2022 Annual Guide
The pandemic has forced the business world to change in more ways than one. It was responsible for fast-tracking the digital transformation in business. It is also transforming in leaps and bounds. The accounting division of many organizations started working remotely. Adaptability became the buzzword for sustaining a business. The year 2021 saw a continual […]
How CFO Services Solve Financial Challenges for Non-profit Organizations
Non-profit organizations deal with social causes and do not focus on earning profits. They exist to serve society at large. Non-profit organizations work in varied areas and strive to bring about changes in education, research, religion, science, and other social activities. Running a business for social causes is very challenging especially when they heavily depend […]
Enterprise Risk Management (ERM) – How to get started
Risk is the uncertainty of an event happening in the future. This uncertainty deviates an organization from achieving desired outcomes and hence it has to be managed. Enterprise Risk Management (ERM) involves various strategies that identify potential business risks and analyze them to provide appropriate responses to mitigate and minimize any losses that would have […]
Different Ways To Get Funding For Your Business Idea
A startup begins with a brilliant, unique business idea. The transition from a mere idea to a sustainable business requires adequate funding. To further emphasize the importance of funding, let’s quote-unquote the words of the famous venture capitalist Richard Harroch. ‘It’s almost always harder than your expectations to raise the capital, and it takes longer. […]
8 Ways Outsourced CFO Services can help your Small Business
As per the reports published on the website of India Brand Equity Foundation in June 2021, the micro small and medium enterprises (MSME) sector in India contributes about 29 percent towards the GDP. The opportunities available to small businesses have increased manifold. As the opportunities increase, so will the challenges they face. This is where […]
How to Instill Financial Discipline into Your Leadership Team
Money is the lifeline of an entity. Using the available finances/funds carefully and wisely by having a proper account of the inflows and outflows is highly important for any business to thrive. A. What is financial discipline? To put it simply it is taking control of the money and channeling the spending towards the monetary […]
Solopreneurs, Homepreneurs, Entrepreneurs – How can they make use of Financial outsourcing services?
“Every time you state what you want or believe, you are the first to hear it. It is a message to both you and others on what YOU think is possible”, is a famous quote by the media mogul, Oprah Winfrey. Entrepreneurs are born from such thoughts, where the possibilities are visible to them, and […]
10 Ways an Accountant can Help your Small Business
Running a small business involves taking decisions on a number of business aspects related to products, services, marketing, advertisement, administration, finances, etc. While all other aspects can be taken care of by the businessman on his own, finance and accounting needs special attention, that’s where an Accountant comes into the picture. Accounting interprets the financial […]
Outsourced Bookkeeping – Your New Best Resource
They say that a small leak can sink a ship, do you know what is better than fixing the leak…? Making sure that there are none! That is what Bookkeeping is all about, it is the first step of financial management. Bookkeeping can be described more as an on-going task, than as a single activity. […]