Financial Management

Accurate forecasting is crucial for private businesses and not-for-profit organizations seeking to make informed decisions and plan for the future. However, biases can unintentionally influence forecasting, leading to inaccurate predictions. In this blog post, our accounting and finance team explores the importance of mitigating bias in forecasting and presents strategies […]

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and net income are vital financial metrics used to assess a company’s profitability and financial performance. While they both provide insights into a company’s earnings, they differ in terms of the components considered and the purposes they serve. Understanding the differences between […]

Inflation is a critical factor that businesses and not-for-profit organizations must consider when making financial decisions. The expectations surrounding future inflation can significantly influence consumer behaviour, investment strategies, and overall economic stability. In this blog post, our accounting and finance team delves into the concept of managing inflation expectations and […]

Companies that dare to step outside their comfort zones often reap substantial rewards in today’s fast-paced and ever-evolving business landscape. Stepping into uncharted territories and exploring new markets can be intimidating, but businesses can unlock their true growth potential with the right support. One essential pillar of support is a […]

As a business owner, you may be considering injecting cash into your business to help it grow and thrive. However, before you take this step, it’s essential to consider several factors. Let’s explore these factors and how they can impact your business. Assess Your Business’s Financial Health Before injecting cash […]

Planning for the future and making strategic decisions based on expected outcomes are vital to running a successful, profitable organization. Forecasting is one of the best tools businesses have to help them confidently make these strategic plans when preparing for the next fiscal year. However, many continue to face numerous […]

As a leader, it’s essential to ensure you are not relying on a few select team members to complete critical financial processes. While these employees may have substantial knowledge and skills within your organization, doing so increases your business’s key person knowledge risk, especially if these team members leave unexpectedly […]

Valentine’s Day is dedicated to expressing affection towards those special to us. For a little fun, we share six reasons you should show some love to your finance department this Valentine’s Day.  They keep the lights on.  The finance team is responsible for managing the financial health of a business. […]

Organizations that are continually growing face multiple challenges, including disparate communication systems, data management difficulties, consistent pivoting in processes, and more. Any growing business’s goal is to reduce these inefficiencies and create streamlined procedures while enhancing productivity across the company. Enterprise Resource Planning (ERP) can solve the above concerns. Primarily […]

A lot can change over a year. Making sure you set aside time to sit down with your CFO and review your company’s past performance, finances, and future goals is crucial before entering a new year. Inside this blog, we’ve compiled our top 4 questions you should be asking during […]

How are you ensuring that your business has enough money to survive and grow? Furthermore, how do you know that you are spending your organization’s money in the best way possible? These are critical concerns that every organization faces. To be able to effectively answer these questions, you must have […]

The use of fractional help across all industries has become increasingly popular in growing companies that are looking to expand. Part-time assistance is a great way for businesses to get the expert skills and strategic support they require without the commitment of a full-time employee. Part-time financial services can include: […]

One of the biggest issues affecting businesses is their ability to successfully manage cash flow. When done incorrectly, businesses don’t survive for very long. This is why the phrase “Cash is King” rings true. In fact, when examining failing businesses, over 82% labelled cash flow issues as one of the […]