What is the Difference Between Finance and Accounting?

Discover the key distinctions between finance and accounting in this informative article.

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What are CFO Services?

The role of a Chief Financial Officer (CFO) is and essential one. CFOs use their expertise in financial management and strategic planning to drive growth and secure the financial health of a company. They oversee budgeting, forecasting, and financial reporting. Also, they manage cash flow, make investment decisions, and strategize to optimize profitability. Through data […]

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What’s The Thumb Rule of Accounting?

Accounting is the lifeblood of any organization. It’s essential for financial well-being and growth. Systematically recording, analyzing, and interpreting financial transactions helps businesses make informed decisions. It tracks income and expenses to identify areas of profitability and potential savings. Plus, it ensures compliance with legal and regulatory requirements, giving stakeholders confidence in the company’s financial […]

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How Many FASB Rules are There?

The number of FASB rules is a mystery to finance pros. There isn’t and exact answer, but it’s vital to grasp the intricacy and depth of the Financial Accounting Standards Board’s regulations. The FASB takes charge of US accounting standards, for transparency and uniformity in financial reports. Topics, such as revenue recognition, financial instruments, leases, […]

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What is the Role of a Fractional CFO?
June 21, 2023 - Strengthen Your Financials

In today’s dynamic business landscape, organizations often face the challenge of managing their finances effectively while optimizing resources. Small and medium-sized businesses, in particular, may not have the budget or need for a full-time Chief Financial Officer (CFO). This is where a fractional CFO comes into play. In this blog post, we will delve into […]

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When Revenues Are Reported: An Overview

Gain a comprehensive understanding of revenue reporting with our article “When Revenues Are Reported: An Overview.” Learn about the different methods of revenue recognition and how they impact financial statements.

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How to Avoid Bad Debt and Secure Your Financial Future

Financial well-being is a cornerstone of a healthy and happy life. However, it is easy to fall into the trap of bad debt, causing long-term financial stress and an uncertain future. In this article, we’ll explore various types of bad debt, how to avoid them, and how to manage existing bad debt. We’ll also look […]

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Why is an Effective Internal Control System Crucial for Success?

Control systems that are designed only to achieve compliance are doing the bare minimum. How can you build an effective internal control system for success?

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How to Write Accounts Receivable Procedures

The accounts receivable procedures for collection process are critical to reducing days sales outstanding and generating more cash for your business.

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