Empowering Your Business through Accurate Financial Data: Best Practices for Management Accounts

In this blog post, we’ll offer our best practices for creating reliable management accounts that can empower your business.

By analysing key financial data, such as profit and loss statements and balance sheets, management accounts allow businesses to identify areas for improvement and allocate resources effectively.

Why should tech companies outsource their CFO and other finance functions

Software as a Service (SaaS) and technology businesses require heavy investment and the ability to scale. Having an outsourced Chief Financial Officer (CFO) or finance function will help to properly support the metrics needed to present to potential investors, and once you get investment, your business can begin to scale. “In the early days of …

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Business Growth Strategies For Start-Up Businesses

Citing 2021 U.S. Bureau of Labor Statistics data, Investopedia reports that about 20% of new businesses fail within two years of opening. Meanwhile, 45% fail during the first five years, and 65% don’t make it to their tenth year. Just 25% of new businesses last at least 15 years. How can you increase your start-up’s …

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What Should Small Businesses Expect From A CFO?

What Should Small Businesses Expect From A CFO? Small businesses are the backbone of the economy, providing jobs and driving innovation. However, running a small business can be difficult, and managing finances is one of the most challenging tasks. That’s where a Chief Financial Officer (CFO) comes in, providing strategic guidance and financial advice that …

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What Does A CFO Do For Ecommerce Businesses?

If you have been seriously considering setting up an ecommerce business, it is fair to say that you would have various compelling incentives to follow through with this idea. In 2020, the COVID-19 pandemic supercharged the online retail sector, as lockdowns saw a large number of brick-and-mortar stores temporarily closed and customers purchasing non-essential goods …

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What Is A Fractional CFO and What Are The Benefits?

Finances are a key element of any business, and employing the right staff to manage the company’s financial health can make a huge difference. However, hiring an experienced Chief Financial Officer (CFO) is often expensive and not always feasible for small businesses. To fill this gap, fractional CFO services have been gaining traction in recent …

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How to recognise and mitigate business risk

This year we’ve seen big changes in several banking institutions, a volatile stock market and consistent interest rate rises from the Bank of England. In these uncertain economic times, we believe it’s more important than ever for businesses to plan ahead financially and be aware of risk.  As we all know, the business world is …

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Chief Accounting Officer Vs CFO

The Chief Accounting Officer (CAO) and the Chief Financial Officer (CFO) are two key roles in any company. Although both of these positions hold great responsibility for a firm’s financial health, there are important differences between them. This article will explore those differences to help you determine which role is right for your organisation. It …

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What Is A Chief Financial Officer: A Day In The Life

Working as a Chief Financial Officer (CFO) is an exciting, rewarding opportunity to lead a company’s financial operations, have a major impact on the future of the business, and implement real change. Whether an internal appointment or outsourced CFO services, the CFO is responsible for overseeing the financial activities of an organisation, including budgeting, forecasting, …

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