Top 12 Ways to Run Your Business Out of Cash
As a business owner, we know you want to keep your cash flow going. Avoid these 12 things so you don’t run out of cash.
As a business owner, we know you want to keep your cash flow going. Avoid these 12 things so you don’t run out of cash.
Staying on top of your business’s finances can feel like an uphill battle. So what’s the secret to making sure you keep up with things? Check-ins.
As a small business owner, what are some of the most important metrics to track? Here are 4 metrics that you should be focusing on for your small business.
Do you look at your business’s bank account at the end of the month and wonder where all your money went? Following this simple process to figure it out.
At AutoCFO, we love continuous accounting! Continuous accounting is simply a method of accounting where information is input into the financial system on a consistent, frequent basis.
Having financial goals for your cash is a game changer, it gives you the freedom to spend your money.
No one wants to spend hours poring over the financial data! Implement these time-saving tips for financial data analysis to save time reviewing your numbers.
The modern world needs live, real-time data streams while the tech stack for small business owners is constantly evolving. Welcome to the world of real-time financial data and live, easily updated forecasting.
I love this question. My cofounder, Lindsey, likes to ask people, “Do you value your time?” For me the answer is a hard yes. I have charged by the hour for my consulting clients for years, I know how much my time is worth.
Does building a budget, often called a forecast, in Excel sound too difficult or too intimidating? It can, but this article should help!
How Can You Tell a Business Is Successful?
They make money. Please, please ignore the Facebooks and Twitters of the world. There are venture capital unicorns… and there are the rest of us. 99.9% of businesses have to make money to stay in business.
Time to Tackle the To-Do List?
Avoiding your numbers is a dangerous game. That’s why it’s important your business knows, not avoids, your business numbers.
Whether you love it or hate it, budgeting is extremely important for all types of businesses. The key to successful and accurate budgeting is to not forget anything. What’s the best way not to forget anything? Have a checklist. When you use a checklist, you limit surprises and help ensure you didn’t forget anything during the budget building process.
How much time does it take to answer a “simple” question like, “What was our revenue for X customer last month?” I once had a private equity investor grumble at me with a tone of complete and utter annoyance. He had asked one of our portfolio company’s controllers that question and received the response, “Can I get back to you on that tomorrow?”
Why do businesses hire a CFO in the first place? They typically hire a CFO in order to get clarity on what is going on in their business financially. The CFO is able to perform analyses and act as a translation tool between the numbers and the operations of the business.
The internet makes Key Performance Indicators (“KPIs”) seem like the gold pot at the end of the rainbow of business management. And thus these metrics are shrouded in so much mystery that the search for the perfect KPIs becomes an unachievable quest. Let me part the clouds of mystery for you.
Are you building a budget for your business? Make the process easier on yourself by asking these 6 questions.
Tax season! Personally, it is not my favorite task. I love spreadsheets and financials and numbers, but I do not like doing my taxes. Tax season is also that time of year where we all take a hard look at how we did last year.
Most business owners know they should build a budget, but don’t bother creating one. Why is that? Here are the 3 main reasons.
Have you ever opened the financials for your business and immediately felt overwhelmed? So many numbers, no point of reference, and 5-10 clicks to find the data you actually need. Not fun! See how AutoCFO can help you wrangle your data as if you had a team of financial analysts on your side!