Blogs

In the fast-paced business world, the need for automated accounting, especially in AP and AR financing, has become more important than ever. However, this can be easier said than done. With so many finance and accounting software companies competing for your attention, how do you decide which one is best for your business?

As a small business, you are the elite. The intrepid explorers who look at an opportunity and say….” Yeah, sure, I’ll go for that.” Tenacity and ambition are the hallmarks of the small business owner and are the skills that often set them apart from their contemporaries in big business. Unfortunately, being a small business is like playing the game in hard mode. You suffer challenges others don’t by virtue of your existence, which can prove fatal to your business. To help you overcome and thrive, we have compiled a list of some of the foremost issues small businesses face today and ways to keep yourself in the game.

Hey, what’s this job here?

I don’t know, apparently it’s called HR or something. Supposed to be good for the company.

Have you tried doing it?

I’m not going to try doing it, you try doing it!

I’m not going to try it.

I know! Let’s get the CFO! They’ll do anything!

Have you heard the joke that the CEO of a company’s primary job is to have the CFO tell them what to do?

Humorous, but it does contain a specific truth: the CFO has immense sway over a company, and with that immense sway comes immense risk. CFOs face tremendous challenges in their roles and must be prepared to face new challenges. We want to help by revealing some challenges you may face this year.

Tell me something, do we live in a perfect world? Is every day just sunshine and every night a veritable kaleidoscope of celestial splendor? The answer is no. Anyone who says otherwise is selling something. Because we do not live in a perfect world, we must set up safeguards for ourselves, and in the world of business, one of the most powerful safeguards is accrual. Accrual is a vital accounting strategy specifically designed to keep a business on the positive side of cash flow and ensure it lives to see another day, sunny or not.