Category
Financial Management
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Why Industry Experience Matters When Hiring a Fractional CFO or Controller
For private businesses and not-for-profits, strong financial leadership is essential to long-term success. But hiring a full-time CFO or Controller isn’t always feasible—especially for organizations that need strategic financial oversight without the cost of an in-house executive. That’s where fractional finance leadership comes in. However, not all fractional CFOs and […]
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Navigating Tariffs and Trade Tensions: What Ontario Businesses Need to Know
Recent discussions around tariffs and the potential for a full-blown trade war between Canada and the United States have become major concerns for businesses operating in Ontario. Though new regulations and threats of retaliatory measures have occurred before, the current environment of uncertainty—fuelled by shifting political priorities—demands a thoughtful, proactive […]
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A Step-by-Step Guide to Measuring and Mitigating Key Client Risk
When a single customer—or a small group of them—accounts for a significant portion of your organization’s revenue, the stakes of maintaining these relationships skyrocket. Any sudden downturn, operational hiccup, or strategic shift on the client side can swiftly lead to reduced orders, delayed payments, or even lost business altogether. From […]
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How Santa’s Finance Team Keeps the North Pole Magical
Every child knows Santa Claus as the cheerful, magical figure who delivers presents to children around the globe in one magical night. But what most don’t see is the army of unsung heroes working behind the scenes to ensure Christmas runs like a well-oiled machine. At the heart of this […]
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Supercharging Donor Potential: Digital Innovation Strategies for Fundraising Leaders
As not-for-profit organizations and charities navigate a landscape of evolving donor expectations, economic challenges, and technological advancements, fundraising leaders are tasked with driving innovation while maintaining the personal touch that inspires generosity. In a recent webinar hosted by Part Time CFO Services and Yeeboo Digital, Kyle Paterson and Erik Rubadeau […]
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The Spooktacular Role of Halloween Characters as Part-Time CFOs
As Halloween approaches, we often find ourselves surrounded by an array of spooky characters that add excitement and intrigue to the season. But have you ever wondered how these frightening figures would fare in the world of finance? In this whimsical exploration, we’ll take a look at how some classic […]
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E-Transfer vs. EFT vs. Cheques: A Financial Showdown for Canadian Organizations
In today’s financial landscape, Canadian organizations have a variety of payment methods to choose from, each with its own strengths and weaknesses. The key players in this arena are Interac e-Transfers, Electronic Funds Transfers (EFTs), and cheques. While digital options are gaining popularity, many organizations continue to use cheques due […]
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Signs Your Private Business Needs a Fractional CFO
In today’s intricate business environment, many private businesses in Canada face various financial challenges that can impede growth and sustainability. As these complexities increase, the need for strategic financial guidance becomes more pronounced. This is where a Fractional CFO can play a crucial role. Recognizing the signs that your company […]
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Navigating The CIM: A Guide for Buyers of Private Businesses in Canada
When looking to acquire a private business in Canada, one of the first and most important documents you will encounter is the Confidential Information Memorandum (CIM). The CIM provides a comprehensive business overview, serving as a key tool in your decision-making process. Understanding how to navigate this document is crucial […]
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Back-to-School Money Lessons for Young Canadians
Welcome Back to School, Future Financial Wizards! It’s the start of a new school year! While you’re getting ready for new classes, meeting new friends, and reuniting with old ones, it’s also a perfect time to learn something incredibly valuable: how to manage money. Starting in grade school, understanding money […]
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Maximizing Business Value with a CIM: A Guide for Sellers
When selling a private business in Canada, one of the most important tools is the Confidential Information Memorandum (CIM). This document goes beyond a simple compilation of company data; it is a strategic asset designed to present your business to potential buyers, providing a detailed overview that helps them understand […]
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Essential Strategies for Sustainable Growth
In today’s dynamic business environment, achieving sustainable growth is a delicate balance that requires strategic foresight and careful decision-making. For companies in Ontario, Canada, the challenge is to pursue growth opportunities without being overly aggressive, which can lead to risky ventures or being too timid, resulting in missed opportunities. As […]
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What Happens After Signing a Letter of Intent to Purchase a Company?
In mergers and acquisitions (M&A), signing a Letter of Intent (LOI) is a pivotal milestone. This document sets the stage for the acquisition, outlining the preliminary terms and conditions agreed upon by the buyer and the seller. However, the journey is far from over once the LOI is signed. This […]
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How the Finance Department Helps Sales Teams Set and Manage Objectives
In today’s competitive business environment, the synergy between the finance department and sales teams is critical for driving growth and achieving company objectives. With its comprehensive understanding of the company’s financial health and access to vast amounts of data, the finance department can play a pivotal role in helping sales […]
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Mastering Covenant Requirements: Comprehensive Strategies for Borrower-Lender Harmony
In the dynamic landscape of corporate finance, the interplay between borrowers and lenders is governed by a delicate dance of contractual agreements known as covenants. These agreements serve as the bedrock of financial stability, providing lenders with assurances of borrower solvency while guiding borrowers toward prudent financial management. However, navigating […]
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Managing Deferred Revenue: A Financial Leader’s Perspective
In financial management, handling deferred revenue is a critical aspect that demands strategic insight and prudent decision-making. As a financial leader within an organization, understanding the nuances of deferred revenue management is imperative to ensure sustainable growth and financial stability. Let’s delve into this intricate topic and explore effective strategies […]
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Determining the Optimal Reserve Amount for Not-for-Profit Organizations
Introduction In the meticulous realm of financial management for not-for-profit organizations, the determination of the optimal reserve amount is a strategic undertaking crucial for long-term fiscal health. This article unravels the intricacies involved in this process, exploring the factors influencing the ideal reserve amount and the methods accountants employ to […]
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Strategic Management Reporting
In the ever-evolving corporate governance landscape, management reporting stands as a cornerstone for company presidents, providing a snapshot of financial health and a profound analysis of key performance indicators (KPIs), operational efficiencies, and strategic alignment. This article delves into the intricate realms of management reporting, unravelling its critical role in […]
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Strategies for NFP Organizations When Reserve Fund is at Risk
In the dynamic realm of not-for-profit organizations, the strategic management of reserve funds is paramount to ensuring financial stability and sustained impact. While having reserves is undeniably essential, encountering a reserve fund at risk demands immediate and well-thought-out actions. This article provides an in-depth analysis of common threats to reserves […]
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Charting a Course for Financial Excellence: 10 New Year Resolutions for Enhancing Business Finance Operations
As the calendar turns to a new year, businesses worldwide contemplate ways to fortify their operations and elevate performance. For many organizations, a key area of focus is the refinement of finance operations to ensure fiscal health and sustainable growth. In this article, we delve into ten strategic New Year […]
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