Top 3 Methods to Value Your Small Business
Business valuation is fundamentally the process of determining a company’s economic value. To achieve a well-supported assessment of value, it employs an objective financial analysis that evaluates assets, income, market comparables, and other intangibles. Although knowing the monetary valuation of their business can seem difficult for many small business owners, it is among the most […]
Cloud-Based vs. Traditional Accounting Systems: Which Is Right for Your Small Business?
Every small business’s financial foundation is its accounting system. Managing funds well can make all the difference for small business owners between expansion and stagnation. This is why choosing the right business accounting software for a small business should be done with both thought and strategy. The two main types of accounting software that small […]
Finance as Infrastructure: Building Financial Systems That Scale With Your Business
The first several years of many early-stage enterprises are devoted nearly entirely to product development, customer acquisition, and marketing strategy. By contrast, financial operations are sometimes seen as a backend need or a compliance requirement, something to “sort out later.” But when a business grows, the effects of downgrading finance become more obvious. At Trevino […]
From Gatekeeper to Guide: How Modern CFOs Are Driving Business Strategy
Control has always been fundamental in the function of the Chief Financial Officer (CFO). Traditionally seen as the gatekeeper of the company’s finances, the CFO was in charge of compliance, audits, budgets, and making sure all the numbers lined up on spreadsheets. However, the modern business world requires more. Modern CFOs are not limited in […]
Why Internal Controls Are Crucial for Small Business Security
Internal controls are frequently considered a compliance afterthought in many small and developing firms, something to think about only when an audit or financial crisis arises. Ignoring internal controls accounting silently puts your firm at risk from fraud, cash flow problems, and even inefficiencies as it grows. A sound business is built on sound financial […]
5 Ways Operational Accounting Improves Cash Flow Management
Any firm that wants to stay steady, expand, and fulfill its financial commitments on schedule needs to manage its cash flow carefully. If inflow and outflow of funds are not properly balanced, even businesses with robust revenue sources may encounter significant difficulties. Here is where operational accounting is quite important. Tracking how much is coming […]
Common Pitfalls in the Monthly Close Process and How to Avoid Them
The month-end close procedure is essential to preserving the organization’s financial stability in any U.S.-based business, regardless of size. In addition to being a best practice, a precise and timely monthly close is essential to sound financial management. It guarantees that financial statements show a real and fair picture of the financial situation of the […]
Step-by-Step Guide to Converting from Cash to Accrual Without Losing Data
Many new entrepreneurs start their journey of running a small business with the simplicity of cash accounting. This approach provides an instant and clear picture of the company’s cash flow since it just records income and expenses when cash is exchanged. It is easy to understand, and in the early phases, it feels like enough. […]
Creating an Effective Chart of Accounts for Your Small Business
You will play many roles as a small business owner, but one of the most crucial is that of financial decision-maker. Your long-term success depends on knowing how your money flows through your company, hence, a well-designed Chart of Accounts (COA) is highly essential. A COA is more than a set of labels and numbers. […]
Cash Flow Optimization Techniques for Growing Businesses
Managing expansion sometimes takes precedence over the most important measure of financial health, cash flow, in the process of scaling a company. Sustainable growth for small and mid-sized businesses depends not only on higher income but also on efficient cash in and out in business movement management. On paper, a growing company can be successful, […]