Your Virtual CFO

Every business owner would like to have a trusted Chief Financial Officer as part of their staff to watch over their financial position. Someone who had the expertise and experience to oversee the accounting practices in the company, review the financial statements and provide them with sound counsel on financial decisions throughout the course of doing business. Someone who is intimately acquainted with the details of their business and their business goals. Read More »

Tags: Accounting Firm, Accounting Practices, Benefit Package, Business Cards, Business Goals, Business Owner, Business Sites, Chief Financial Officer, Close Relationships, Doing Business, Financial Decisions, Financial Position, Financial Statements, New Business, Objective Viewpoint, Office Space, Payroll, Role Of The Cfo, Sound Counsel, Virtual Cfo

Don’t Believe the Fixed Cost Lie

Everyone loves to quote fixed costs when trying to get investors to invest or when trying to predict potential profitability. That’s because fixed costs seem nice and predictable. Since they aren’t impacted by customer fluctuations, they make for easy calculation. Unfortunately, many costs that we called “fixed” aren’t actually fixed.

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Tags: Accounting, Accuracy, Bookkeeping, Cost Of Living, Currency Fluctuation, Economic Assumptions, Fixed Cost, Fluctuations, Inflation, Investors, Mongolia, Office Space, Period Of Time, Profitability, Quote, Staff Increases, Staff Salaries, Telephones