As an entrepreneur, you can better understand how your company is doing by interpreting its four financial statements. The cash flow statement is one of the financial statements. It is also, arguably, the most underestimated financial statement. The cash flow statement measures how a company is managing its cash. Not understanding it properly may lead
Is sustainability in the CPG industry more than just a nice-to-have today? Sustainability is currently just as big a topic of interest in the business landscape as AI. Everyone is concerned about the environment and ecosystem. Whether it be governments, organizations, or consumers, everyone has an opinion. While a certain section of naysayers spurn sustainability,
In today’s inflated world, SMEs can gain a competitive edge if they outsource their bookkeeping. Outsourced bookkeeping can help business owners streamline operations and focus on core activities. However, business owners should consider some factors to have a smooth and rewarding outsourcing experience. Following are some must-have prerequisites for bookkeeping success when outsourcing: Scalability and
A Chartered Public Accountant, or CPA, is vital to success in 2024 for small businesses. Competition is only getting stiffer as more firms enter the fray. The e-commerce boom is also on its way to massive growth over the next decade. The competition is intense; hence, small companies should take advantage of a CPA. A
Finance and accounting outsourced trends have been consistent over the past few years. They have become a foundational part of the US business landscape. The biggest reason for this prosperity in finance and accounting outsourcing is clear to everyone after the recent Robert Half survey, which reported that 91% of senior management report difficulties finding
E-commerce sales are predicted to grow by 56% over the next four years, reaching +$8 trillion by 2026. As e-commerce continues to grow, the competition becomes more intense. Each company aims to maximize its earnings and control costs without compromising quality. Is there a way to control costs without compromising your work? Is outsourcing accounting
Supply chains are the circulatory system of the body of a business. Supply chain planning is akin to the brain telling the blood where to flow to keep the whole thing running. The Supply Chain Planning process is an interesting topic of discussion as of late. We have quite a few new variables in the
Must-Know CPG Trends to Boost Your Brand Presence There are reasons why Procter & Gamble is the best CPG brand across the US. The company has killer marketing methods that make its consumers keep coming back to them and leave their competitors far behind. The CPG industry is ever-evolving. It’s not a choice but a
FP&A and accounting are like two sides of a coin. They complement each other but have differences. On the surface, the question of Financial Planning and Analysis, or FP&A vs accounting, sounds ridiculous. Accounting and finance might as well be the same for a start-up or small business owner. Both deal with money management in
With the CPG industry being hyper-competitive, CPG supply chain optimization has become a battleground where success is vital. After the horrors of the pandemic, with all the CPG supply chains collapsing overnight, it’s no wonder that the industry has begun an intense effort to ensure history is not repeated. Everyone is now keenly aware of