by David Guyaux | Jul 4, 2022 | Bookkeeping, Finance Knowledge, Financial Strategy, Financial Systems, General Business
A Profit and Loss (P&L) Report, also called a Profit and Loss Statement, is a key financial document that details a company’s income and expenses over a specific period of time. This time period is typically a month, a quarter or a year. Depending on company needs...
by Curtis Bigelow | Jun 22, 2022 | Bookkeeping, Finance Knowledge, Financial Controllers, Financial Strategy, Financial Systems, General Business
When a business sale, acquisition, or major investment is contemplated, one important step in the due diligence process is the generation of a Quality of Earnings report, sometimes abbreviated as QOE. Even though a company may have strong financial statements, those...
by Kyle Hill | Apr 29, 2022 | accounting, Business Growth, Finance Knowledge, Financial Strategy, Financial Systems, General Business
What Is the Purpose of Accrual Accounting? There are two methods of accounting: cash and accrual. In cash accounting, transactions are recorded when payment occurs. In the accrual method, revenues and expenses are matched and recorded at the time the good is delivered...
by Jerry Vance | Jun 30, 2021 | Business Growth, Chief Financial Officers, Finance Knowledge, Financial Controllers, Financial Strategy, Financial Systems, General Business
One of the questions we get asked most frequently about financial roles and responsibilities is “What is the difference between a Controller and a CFO? These titles are used frequently–and often interchangeably–in the business world. However, despite...
by Jerry Vance | May 25, 2021 | About, Financial Controllers, Financial Strategy, Financial Systems
An outsourced controller is a financial expert who helps keep your books up-to-date. They also provide financial reporting and information in a timely manner. Controllers can be in-house or outsourced. If the controller is outsourced, this typically means they are an...
by Troy Skabelund | May 11, 2021 | Financial Systems
How often do you reevaluate your financial management system? For most organizations, the answer is not very often. After all, the ultimate point of a financial system is to put it in place, then rely on it and the people who contribute to it to help things run...
