Tag: CFO

What does a CFO do?

Financial professionals working in companies may have different job titles depending on the firm and the industry.  Regardless of what the position is called, proper management of the financial area is critical for any organization. Anyone with access to the internet can look up a definition of what a Chief Financial Officer (CFO) is.  According… Read more »

Where’s My Cash?

Cash flow

“The income statement that my accountant gave me says that I am making a nice profit, but I never seem to be able to have enough cash.”  Does this sound familiar? If this concerns you in your business, you are not alone. Here are some common issues that may affect the cash flow of a business:… Read more »

A Penny at a Time

Penny

Many business owners have seen that inefficiencies develop during times when the company is focused on sales growth versus cost containment.  Expenses, and the containment of them, become secondary as long as the products/services are delivered to the Customer.  Often, the first reaction to cutting costs is to cut payroll.  That’s not always the best… Read more »

U.S. Chamber of Commerce Names B2B CFO among Nation’s Top 100 Small Businesses at the 2015 Small Business Summit

B2B CFO’s Founder Jerry L. Mills brings top concerns of Small Business Owners and discusses Free Enterprise with members of Congress and Press. B2B CFO, the nation’s largest CFO and Exit Strategies firm for growth-oriented, privately held companies, was honored by the U.S. Chamber of Commerce with the prestigious Blue Ribbon Award. Selected from a… Read more »

Sales Tax NEXUS – What’s it about?

Confused Boy Looking At Viewer

By definition, nexus means a connection exists. The term nexus is used in tax law to describe a situation in which a business has a “nexus” or presence in a state and is thus subject to state income taxes and to sales taxes for sales within that state. What Determines Nexus?  Nexus is determined differently for income… Read more »

Want More Recurring Revenue in Your Business?

Word Scrabble For The Word Revenue

Recurring revenue should be the mantra of every business, large and small.  Dollars that come in every month without fail are what keeps a company going through difficult times. Big orders are great and you always want them, but a solid recurring revenue strategy is what sustains companies over the long haul. Cell phone contracts… Read more »

A Bookkeeping Program for Small Business

Bookkeeping programs

A bookkeeping program for small business is more than asking and answering the question “which software should I use?”  The accounting software is just the beginning of what a small, growing business needs to have in order to record the transactions, protect the interests of the owner(s) and help the business owner(s) achieve his/her goals. Here… Read more »

When Should a Small Business Hire a Financial Chief? (from the New York Times)

Old Man Sitting Under Question Mark

This blog deals with some of the major issues that small, growing businesses may confront.  An article from the New York Times provides a good summary of the complex issues small businesses may face. The article defines a number of tipping points that confront companies as they grow. But the primary issue was summarized by one business… Read more »

Seven Principles for Avoiding Bankruptcy

Bankruptcy Written On Chalkboard

Today, companies continue to face difficult times and, sometimes, difficult decisions. According to the American Bankruptcy Institute, more than 208,000 companies filed for bankruptcy between 2006 and 2010. The annual rate of bankruptcies nearly tripled during this time.   This number does not include businesses that have closed/ceased to exist or continue in business with some… Read more »

What is a CFO?

The Chief Financial Officer (CFO) is primarily responsible for managing the financial risks of a corporation. This position is responsible for financial planning, record-keeping, financial reporting to higher management and has financial authority to make appropriations and authorize expenditures for an organization. You may also hear or see the terms Director of Finance or VP… Read more »