by Enid Smith | Mar 28, 2021 | Financial Basics
Business owners who fear dealing with their SME’s finances – it’s more common than you think. Having a fear of finances is problematic when you run an SME, as it can lead to all kinds of issues, like being afraid to spend money on the business to, well, going out of...
by Enid Smith | Mar 27, 2021 | Financial Basics
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...
by Enid Smith | Mar 26, 2021 | Financial Basics
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,...
by Enid Smith | Mar 25, 2021 | Financial Basics
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...
by Enid Smith | Mar 23, 2021 | Financial Basics
Like many businesses, we’ve had to change the way we do things due to the global pandemic, and one of the big changes we made was going fully remote. Fortunately, YourCFO has always embraced technology (we use cloud-based accounting software, and we’ve been paperless...
by Enid Smith | Mar 22, 2021 | Financial Basics
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...
