by Jerry Vance | Jun 2, 2021 | COVID-19, Finance Knowledge, Financial Forecasting, Financial Strategy, General Business
If there’s one thing we learned in 2020, it’s that change can happen—and it can come quickly, fiercely, and unexpectedly. In 2020, businesses were met with challenges they could never have predicted, and many had to shut their doors for good. Still others were...
by Jill Tavey | May 18, 2021 | About, Finance Knowledge, Financial Controllers, General Business
The terms “controller” and “comptroller,” as well as the positions they define, may seem strikingly similar. Indeed, the word “comptroller” is believed to stem from a 15th Century misspelling of “controller.” However, despite the similarity in titles and functions,...
by Curtis Bigelow | May 4, 2021 | Finance Knowledge, Financial Systems, General Business
As companies grow and their operations become more complex, they tend to outgrow their existing software. Expanding business units or segments tend to become more independent over time. This makes interdepartmental communications and resource allocation more difficult...
by Kyle Hill | Apr 8, 2021 | Finance Knowledge, Financial Strategy, General Business
Nearly every business has both fixed and variable costs. To ensure that your business remains fiscally solvent and profitable, it is important to understand the different types of costs and how to manage them. In general, variable costs relate to the number of items...
by Michael Flint | Mar 20, 2021 | Finance Knowledge, Financial Strategy, General Business
What is GAAP and Why is it Important? Financial reporting is an important part of business that communicates the financial performance and results of a company. It records and presents information about the company’s financial position, revenues, expenses, and related...
by Wayne Vance | Mar 16, 2021 | Finance Knowledge, Financial Strategy, Fundraising, General Business, Raising Capital
Every business needs financing to fund growth. The old adage is true: it takes money to make money. There are two basic types of business financing: debt and equity. Each has its advantages and its drawbacks, and over time most businesses will need both. Finding the...
