Category: Articles

Articles are written by NOW CFO consultants and industry experts on topics ranging from financial best practices,  commentary on trends or changes in regulations, or around the benefits of hiring a fractional, outsourced, or temporary CFO, Controller or accountant.

Steps to Manage Rising Interest Rates

Steps to Manage Rising Interest Rates

Recently, the Federal Reserve made the decision to increase the federal funds rate with an intent to continue to raise interest rates. Though higher interest rates may help to curb inflation overall, increased interest rates can cause business owners to face a number of challenges.

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Best Practices to Manage Your Company’s Working Capital Ratio

Best Practices to Manage Your Company’s Working Capital Ratio

As a business owner, it’s important to consistently be aware of metrics that determine the likelihood of your company’s ability to meet its financial obligations, weather an unexpected downturn, or handle a crisis. Generally, the two metrics given most importance are cash flow and working capital, the latter of which will be addressed below.

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How to Measure Your Business’ Profits

How to Measure Your Business’ Profits

Measuring your company's profits is a crucial routine process that's necessary not only for reporting purposes, but for prudent decision-making. Keeping track of your profits will allow you to optimize your pricing models, know which products and services to focus on, prioritize functions of your business, and generally have a better grip on managing your business.

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A Guide to Capital Budgeting

A Guide to Capital Budgeting

Capital budgeting is a highly powerful financial tool that can help business owners analyze and justify investments, allowing them to assess potential risks and rewards and make more prudent decisions. Capital budgeting is important, as it provides defined metrics and measurability for the project’s value.

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Six Steps to Build Credit for Small Businesses

Six Steps to Build Credit for Small Businesses

In the same way that individual consumers have to build and manage credit, businesses have credit history and scores that can either enable or inhibit decisions and growth initiatives. Often, small business owners fail to separate their business and personal finances, which can put the business at unnecessary risk.

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Common Invoicing Mistakes to Avoid

Common Invoicing Mistakes to Avoid

Your company works hard to provide an excellent product or service to clients, so it’s crucial for your invoicing system and processes to allow you to accurately and consistently receive payment. Invoicing is a foundational component of your business.

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Financial KPIs to Keep Your Business on Track in 2023

Financial KPIs to Keep Your Business on Track in 2023

It’s likely that your end-of-year and beginning-of-year planning led you to analyzing your business’ performance and setting goals for the new year. However, it’s crucial to have a strong foundation of key performance indicators to be able to measure those goals, ensuring that your business meets its objectives in 2023.

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5 Mistakes That Can Complicate a Business Audit

5 Mistakes That Can Complicate a Business Audit

A business audit—be it internal, external, or from the IRS—can be a stressful experience for unprepared business owners. However, audits are excellent tools for an organization to both provide necessary information to external stakeholders as well as to gain further insight into internal financial reporting and operational processes.

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