Articles
Tips on how to set realistic financial goals
Many of us have financial goals we want to work towards. Whether it’s saving money for a vacation, buying a home, or planning for retirement, there’s certain milestones that Canadians want to hit.
Financial Planning: A Step-by-Step Guide
A financial plan is a document that shows your financial situation, goals and strategies for achieving those goals. A comprehensive plan can often include details about cash flow, savings, debt, investments and more.
How to Budget Money in 5 Steps
A budget is a plan for how you use your money. No matter how much you earn or how often you get paid, a budget helps you stay on top of your bills, savings and other money goals.
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The Importance Of Setting And Tracking Financial Goals For Your Small Business
Setting financial goals for your business may be one of your most important responsibilities as a leader and business owner.
Your financial goals serve as far more than wishful projections to attract attention from potential investors. They form the backbone of your projected road map for success, internal and external. Something that every single business should possess regardless of its market, model or size.
Financial Management for Startups
In the beginning stages of managing your startup, the nitty-gritty of finances might be the last thing you want to think about, but letting financial planning fall by the wayside is a troubling habit for new business owners.
Must-have tools modern CFOs need in growth-stage startups
The smart, modern CFO’s tech stack should include tried-and-true methods and embrace innovative tools. These tools should streamline financial tasks and support data-driven decision-making. This stack includes advanced solutions for financial planning and risk management, spend management, and capital table management.
Using financial ratio analysis for better financial controls
Financial ratios are mathematical formulas comparing two or more essential elements of financial statements. Financial ratio analysis allows you to directly compare different aspects of a financial statement to evaluate the business enterprise’s economic performance.
The Benefits Of Automating Your Financial Reporting Process
Automating financial reports is a game-changer for any business that wants to streamline its financial operations. It eliminates the need for manual data entry and reduces the chance of human error. With automation, a company can produce reports more quickly, access more accurate data, and be more responsive to changes in the market.
Top Benefits of Accounting Software for New Businesses
Accounting software can track and classify financial transactions; many programs enable you to pay bills, invoice clients, handle payroll, and run standard reports from the interface.