What do you do when you can’t find a business forecasting tool that does everything you want it to? You create your own. It’s time to discover AutoCFO–your business forecasting tool.
We love automation. While we haven’t tried every tool out there, here’s some of our favorite automation tools for small business finance
Numbers are numbers, and for entrepreneurs, your personal and professional finances are intertwined, so how do you manage each?
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.
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.
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.
With more and more sources of data at your fingertips in our lives, stale Excel reports really don’t cut it anymore. If you are using these as the only way you communicate information to the business managers you work with, it’s time to re-evaluate.
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?”
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!
Before AutoCFO, your main option was to open an Excel spreadsheet, download your Profit & Loss statement from your accounting system (QuickBooks), copy the expenses from last year, then start typing numbers into the excel cells for what you think will be different from last year. It’s a bit exhausting just thinking about all of that work!
Why budget? Think about any big goal you’ve achieved in life. Whether your goal was strength training or planning a big trip, my bet is you have always been more successful when you had a plan. Your business should have a plan too. If you spend all of the money you receive from customers on a big marketing campaign to bring in new business, but don’t set aside money for rent or payroll, you may be out of business before you can provide the services advertised in your campaign.
We believe you shouldn’t need a finance degree to understand your business financials, so we created automated reporting in plain English.
© AutoCFO 2021
