Accounting ratios demystified

The word ‘ratio’ probably brings up traumatic memories from high school maths class, but in an accounting context, a ratio is a useful tool. Accounting ratios are part of the basics, and if you understand how to use them, you can measure how financially efficient and...

Why you should re-think retainers

Many entrepreneurs and SME owners feel that paying a retainer fee for their accounting is something only corporates do. That’s a misconception: having a remote accountant on retainer is a boon for your business. Traditionally accountants bill in two ways: By the hour,...

What is a CFO (and why your business needs one)

Many accounting service providers have the acronym ‘CFO’ in their company title, but not all are created equal. The truth is, few actually have qualified and experienced CFOs on their teams. YourCFO is one of the few. But are CFOs even needed? What does ‘CFO’ mean? Is...

When it’s time to switch to a new accountant

Maybe you’ve had the same accountant for ages, or maybe you found someone new, but things aren’t going so well. Whatever the case may be, sometimes changing accountants is a must – and more than a nice-to-have. No doubt the global pandemic has thrown you a few...