How to Monitor and Understand Budget Variances

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Budget Variances - The Good, the bad and the how-to

The good, the bad, and the how-to for budget variance analysis.
What is a budget variance? As the first quarter wraps up for most companies, it’s a perfect time to perform an in-depth analysis on your budget to and all that work you put into building your perfect budget.

3 Signs You Need a Virtual CFO

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3 Signs You Need a Virtual CFO

If you’re reading this article chances are you’ve got a few things on your plate right now. It’s likely you’re feeling overwhelmed or even confused by your finances, perhaps you’re growing faster than you anticipated, and you’re worried that growth isn’t sustainable. But you’re not entirely convinced you need a full-time CFO.

The Case for Zero-Based Budgeting for Profitability.

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The Case for Zero-Based Budgeting

If I told you there’s a growth-oriented approach to your financials that both aligns departments and managers while eliminating wasteful spending would you believe me? Industry Week called it “deceptively simple.” The financial industry calls it zero-based budgeting (ZBB).

Before you assume that cost-reduction budgeting isn’t the right approach for your growing enterprise, allow me to break down the pros and cons of ZBB.

How to Lower Customer Acquisition Cost

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Congratulations, you have managed to persuade a customer to purchase your product or service. In fact, you have managed to repeat this action over and over again. But, do you know the true cost of acquiring those customers and have you figured out how to improve that cost?

Before You Expand Your Business, Ask Your Accountant These 4 Questions

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Ask Your Accountant - Expand Your Business Feat Image

Think you’re ready to expand your business? We often see startups attempt to expand too quickly before they are at the appropriate stage in their growth. These are our four (plus one bonus!) questions to ask your accountant before preparing to expand.

The Financial Evolution of a Startup

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Financial Evolution of a Startup - Outsourced Accounting Blog

In the beginning of the evolution of a startup, it is likely that the founder is in a “lone wolf scenario.” He or she is grinding away to get the business off the ground. As a result, the owner is wearing a lot of hats: CEO, CTO, marketing, HR, accounting manager. You name it and the founder probably has his or her hands in it….

Budgeting & Forecasting for High Growth Companies

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Budgeting and Forecasting for High Growth Companies - Red Granite | Outsourced Accounting in Chicago IL

We recently hosted a roundtable discussion on budgeting and forecasting for high growth companies at The Junto Institute in Chicago, IL. Check out the slide deck below for more.

Financial Goals: Going beyond “keeping overhead low”

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Financial Goals

We know we don’t need to convince you to make financial goals. We’ve all heard the: “don’t spend more than you make,” and “lower your overhead” advice. But those are a little obvious. Instead, use these 5 approaches…

The Do’s & Don’ts of Pricing Your Product

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Pricing Your Product

From Freemium to Premium, you have to decide what’s right for your company when pricing your product and what fits industry standards. But there are a few things that are universal no matter which pricing scheme you choose…

Infographic: Why Use Cloud Accounting Services?

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Cloud Accounting Services Benefits Title

Outsourcing is a fast-growing way to deliver professional services. As Millennials emerge as the next wave of business owners, they’re making the switch to cloud accounting services for their financial needs. And it’s no surprise why…