What is Month End Close and Why Is It Important? You’ve heard the term “month end close,” but what is month end close? How does it help your business and is it even important? A month end close offers you: Clear, accurate financial information Peace of mind if you’re audited Better decision-making Easier tax filing […]
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6 Questions to Ask a CFO in a Meeting Making the decision to hire a virtual CFO can improve cash flow, allow you to rely on an expert for advice on hiring new staff and increase the value of your business. But if you don’t know the right questions to ask a CFO, you can’t
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4 Best Accounting Software for Startups What’s the one thing every business needs to succeed? Capital. Over 82% of companies fail because they experience cash flow problems. Hiring an accountant or CFO can help, but even with those roles covered, you’ll need accounting software as an SMB. We help startups – and businesses of all
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5 Qualities to Look for in an Outsourced CFO for Startups A CFO for startups can mean the difference between the 90% of promising companies that fail and the 10% that succeed. Rapid expansion, especially when you have a unique MVP that you want to leverage for initial growth, requires swift decision-making in: Finance Human
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Here’s When to Hire a CFO for Your Startup Tech startups get a lot of attention – just look at OpenAI – and 15% of the U.S. population works at these startups. While some succeed, many will fail. One of the main reasons for 44% of failures is running out of cash flow. Poor financial
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Should Your Law Firm Accept Alternative Payments Like Digital Wallets? One of the profitability strategies for law firms that we didn’t include on our list was accepting alternative payments. Why? It’s a topic that warrants quite a bit of information to fully understand. Forbes found that 53% of Americans use digital wallets, an alternative payment
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How Effective is Your Client Intake Process? Law firms never reply to 64% of voicemail leads that are sent to them. Why? One reason is that many firms – and businesses in general – lack a robust client intake process that saves them time and money. And, whether you’re starting a new firm or have
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Automate & Accelerate: Effortless Invoice Management for Small Law Firms Invoice management for small law firms can mean the difference between having the cash flow to hire new lawyers or paralegals, market and grow your firm and struggling to keep the lights on. Cash flow and invoice management impact businesses across industries: 20% of invoices
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5 Profitability Strategies for Small Law Firms As a whole, law firms started 2023 with struggling financials, but by the end of the year, profits rose as demand rose 2% year over year. Certain sectors of the industry rose more than others, such as the demand for bankruptcy lawyers rising more than 6%. Two main
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Guide to Ethics: Trust Accounting for Lawyers Trust accounting is crucial for lawyers and their firms because it keeps funds separate. The American Bar Association also has the Model Rules for Lawyers’ Fund for Client Protection, which, while not perfect, attempts to create a higher standard of ethics for lawyers. We’re going to dive into
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