If you already have financial projections in place, an outsourced CFO can extend and maintain them. In the early stages of development, businesses may not see substantial benefits from hiring

However, profit also depends on other factors, such as the cost of raw materials, earnings, and marketing costs. For each item, companies evaluate their suitability by comparing actual costs with

The corporate tax rate is currently 21%, but there have been recent proposals in Congress to increase that number. In general, saving at least 25% of business profits is advisable,

The corporate tax rate is currently 21%, but there have been recent proposals in Congress to increase that number. In general, saving at least 25% of business profits is advisable,

A payroll management system is software technology designed to make running payroll easier for businesses. It automates many of the most labor-intensive processes, such as calculations, deductions and payments, and in some

To implement effective reconciliation processes, you need to create and document the exact procedures that staff and lawyers should follow. The frequency of your reconciliation process can be determined by

Because these expenses are static, it’s easy to budget for them, since they don’t change regardless of production levels. A variable expense is an expense that is directly tied to

With this method, your monthly depreciation amount will remain the same throughout the life of the asset. Remember that depreciation rules are governed by the IRS, and the method you

Accounting equation describes that the total value of assets of a business entity is always equal to its liabilities plus owner’s equity. This equation is the foundation of modern double

EBIT can also be computed as operating revenue plus nonoperating income minus operating expenses. Operating income is an extremely valuable tool when it comes to the dynamic and complex world