Joe Harris

How to Use QuickBooks Online: A Comprehensive Lesson

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QuickBooks Online is a popular cloud-based accounting software that helps small businesses manage their finances effectively. In this comprehensive lesson, we will guide you through setting up your QuickBooks Online account, managing transactions, generating financial reports, and more. Setting Up Your QuickBooks Online Account Visit the QuickBooks Online website and sign up for an account.… Continue reading How to Use QuickBooks Online: A Comprehensive Lesson

Understanding Cost of Goods Sold: A Comprehensive Lesson

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This lesson provides an in-depth understanding of Cost of Goods Sold (COGS), its purpose, and how to record and manage it effectively. By the end of this lesson, you will learn the importance of COGS in managing a company’s financial statements, practical knowledge of recording and managing COGS in a ledger, and how COGS affects… Continue reading Understanding Cost of Goods Sold: A Comprehensive Lesson

The Role of a VP of Operations or COO in a Startup: A Comprehensive Guide

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The VP of Operations or COO (Chief Operating Officer) plays a critical role in the success of a startup. They are responsible for overseeing the day-to-day operations and ensuring that the company runs efficiently and effectively. In this post, we will explore the roles and responsibilities of a VP of Operations or COO in a… Continue reading The Role of a VP of Operations or COO in a Startup: A Comprehensive Guide

A Deep Dive into Startup Cash Flow Management for Global Startups

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Cash flow management is a critical aspect of any business, but it’s especially important for startups that are scaling rapidly on a global level. Efficiently managing cash can make or break a company’s chances of success. In this comprehensive post, we will discuss various aspects of cash flow management that are crucial for global startups… Continue reading A Deep Dive into Startup Cash Flow Management for Global Startups

Understanding Fractional CFOs: A Comprehensive Guide for Startups

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A fractional CFO can be an invaluable resource for startups looking to scale and optimize their financial management. In this post, we’ll explore what a fractional CFO is, when a startup needs one, what to look for in a fractional CFO, their role in a startup, and the cost of hiring one. What is a… Continue reading Understanding Fractional CFOs: A Comprehensive Guide for Startups

How to Make Accurate Financial Assumptions For Your Business: A Comprehensive Guide

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Financial assumptions are an essential part of business planning, as they help forecast future performance and inform strategic decision-making. In this post, we will discuss what financial assumptions are, how to create them, making assumptions from each financial statement, and three tips for better financial assumptions. What are Financial Assumptions? Financial assumptions are educated estimates… Continue reading How to Make Accurate Financial Assumptions For Your Business: A Comprehensive Guide

A 3-Step Guide to Revenue Forecasting: Boost Your Business Growth

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Revenue forecasting is a vital tool for businesses to understand their financial future and make informed decisions. In this post, we’ll explore what revenue forecasting is, the six types of forecasts, its importance, a 3-step guide to forecasting revenue, and tips for more accurate forecasts. What is Revenue Forecasting? Revenue forecasting is the process of… Continue reading A 3-Step Guide to Revenue Forecasting: Boost Your Business Growth

21 CFO KPIs To Build Your Dream Metric Dashboard

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As a Chief Financial Officer (CFO), having a well-structured metric dashboard is crucial for monitoring the financial health of your organization and making data-driven decisions. A comprehensive dashboard should include Key Performance Indicators (KPIs) that accurately reflect the company’s financial performance, operational efficiency, and growth potential. Here are 21 CFO KPIs to consider when building… Continue reading 21 CFO KPIs To Build Your Dream Metric Dashboard

How to Choose Between Sole Proprietorship and Private Limited Company in Singapore

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Starting a business in Singapore offers a wealth of opportunities for entrepreneurs. One of the key decisions to make when setting up a business is choosing the right company structure. In this post, we will discuss the differences between a Sole Proprietorship and a Private Limited Company (Pte Ltd) in Singapore, along with various factors… Continue reading How to Choose Between Sole Proprietorship and Private Limited Company in Singapore

The 5-Step Revenue Recognition Process for Subscription Businesses

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Revenue recognition is a critical aspect of financial reporting for subscription businesses, particularly for those operating under the Software as a Service (SaaS) model. In this post, we will discuss the 5-step revenue recognition process, provide real-world examples, and address key complications and future developments in revenue recognition. What is Revenue Recognition? Revenue recognition is… Continue reading The 5-Step Revenue Recognition Process for Subscription Businesses