Compass
A discussion on business and corporate culture
Mastering Cash Flow: Strategies to Optimize Cash
As a CFO, one of your primary responsibilities is to help your clients navigate the complexities of cash flow management. Cash flow is the lifeblood of any business, and mismanaging it can lead to a host of financial challenges, from missed growth opportunities to potential insolvency. In this blog post, we'll explore three key strategies Fractional CFOs can employ to address cash flow issues and set their clients up for long-term success.
The new year is here, what should I be doing differently
Now that the new year is here, Chief Financial Officers (CFOs) are faced with a crucial period for setting the financial trajectory of their organizations. The beginning of a new year is an opportune time for CFOs to strategize, plan, and ensure financial resilience. Actually, Q4 is the best time to address these issues but if you haven’t done these yet there’s still time…but not much
Navigating Success: The Crucial Role of Founders in Month-End Financial Reviews
Owners and founders frequently overlook the importance of closing the books at the end of each month and reviewing financial statements with their management teams. However, this is a crucial function that can provide valuable insights into business operations, such as identifying which processes are effective, determining the most profitable products or services, and ensuring that the company is on track to achieve its strategic goals. Neglecting this process may result in missed opportunities for improvement and growth.
Why is my data so messy?
The set-up of the Chart of Accounts in any General Ledger system will determine the output - clear concise data…or an ocean of unactionable data that is “a mile wide and an inch deep”