Playing the “what if” game can be dangerous, but sometimes it is a necessity. Pro forma financial statements enable businesses to perform at their best by preparing for the worst. Whether a company is going to market or introducing a new product, both the ideal and worst-case scenarios should be considered. Developing pro forma financial....
Paycheck Protection Program (PPP) loans have helped many small businesses stay in operation during the COVID-19 pandemic. As the impact of the pandemic is still being felt across the country, new measures are being taken for small business relief. More than $284 billion is budgeted for a new round of PPP loans through the CARES....
For most startups, the focus is on growth. Unfortunately, many entrepreneurs are not well-versed in accounting methods and early financial decisions can greatly impact the long-term success of a business. When starting a business, it is crucial to establish strong, sustainable financial practices from the beginning. Leaving these decisions for later can cause significant challenges....
If you find yourself without a CFO, there is a decision to be made. Your current CFO could be on a leave of absence, out on maternity leave, or away for some time, leaving you without a finance and accounting team lead. Many organizations wonder if it is best to hire an interim CFO to....
When a vital role in your finance department becomes vacant, it can seem impossible to fill the position. While you are trying to find the right person for the job, the existing workload continues for your accounting team. Without a clear leader, it is easy for the team to become overwhelmed, overworked, and inefficient. An....