Analytics and Reporting
How to Use Gross Margin for Service Business Profitability
When your people are your product, delivering consistent and affordable services while turning a profit is challenging. The task may seem doable when your firm is small, but the entire operation can quickly go off track when growth occurs. As a Financial Planning and...
How to Read an Income Statement for a Service Company
As a Fractional CFO, I enjoy working with CEOs of service-based companies because they often possess valuable and fascinating industry knowledge. Yet, I have noticed that while these experts may be familiar with financial statements, many don’t know how to use them to...
What Is a Month-End Reporting Package and What Should It Contain?
The month-end reporting package from your finance team has always been critical for making business decisions. But whereas a simple income statement, balance sheet, and maybe a statement of cash flows used to be enough, today’s fast-paced, data-driven...
The Financial Compass That CEO’s Need to Have
While chief executive officers aren’t specifically charged with managing the company’s accounting and budget, they can benefit from strong financial acumen. Having command over financial concepts can be a powerful way for CEOs and other non-financial executives to...
