10 Reasons Why Job Cost Accounting is Important for Engineering Many professional service industries work on a contract or project basis. Knowing how much each client or project brings to the equity of the firm is paramount. Basic accounting will…
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Cash Management As a business owner, you truly have an understanding of the saying ‘cash is king.’ Cash is the lifeline of any business. It is a vital component, ultimately impacting a business’s financial stability and success. Without it, your…
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The Basics About Calculating Small GovCon Business Size So you want to become a government contractor? Calculating the size of your small GovCon business is a crucial step in government contracting. The U.S. government has established size standards to define…
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How Improved Long-Term Planning Can Unlock Huge Opportunities for Small GovCons Improving long-term planning is crucial for Small GovCons to capitalize on the opportunities offered by government contracts. By implementing effective long-term planning strategies, these firms can enhance their competitiveness…
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Cash Flow Analysis The statement of cash flows is one of the four core financial statements for-profit businesses use. It shows how cash ‘flows’ in and out of a business during a specific period. Inflows show money coming into a…
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Signs Your Business Needs Virtual CFO Services Over the past few years, you remember hearing about virtual CFOs and the services they provide. Initially, you thought to yourself, ‘my business is chugging along just fine without a virtual CFO.’ Fast…
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Salary Transparency Laws: What You Need to Know In recent years, pay equity has become an important workplace concern, resulting in increased action from lawmakers and employers to address the issue. In particular, salary transparency laws focused on pay transparency…
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Financial Ratios for Small Businesses Financial ratios are tools that businesses can use to assist in achieving their goals. They help a business focus on its financial health. If used properly, financial ratios can pinpoint areas that need development. As…
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The Ins and Outs of Government Contracting What is Government Contracting? Government contracting refers to the process through which the government procures goods, services, or projects from private sector businesses. It allows the government to obtain the necessary resources to…
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Financial Ratios As a business owner financial data is something you have become all too familiar with. Every month you take the necessary steps to ensure your financial data is current and accurate. First, you enter the data entry into…
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