by D. Maykl Muhammad | Oct 5, 2024 | CFO
SUMMARY: Subscription-based businesses must follow specific revenue recognition principles, like ASC 606 or IFRS 15, to ensure that revenue is recognized over time as services are delivered. This helps provide accurate financial reporting, maintain compliance, and...
by D. Maykl Muhammad | Aug 27, 2024 | CFO
SUMMARY In competitive markets, businesses can identify growth opportunities by leveraging data-driven insights, innovating around customer pain points, and exploring adjacent markets. Embracing digital transformation, forming strategic partnerships, and focusing on...
by D. Maykl Muhammad | Aug 20, 2024 | CFO
SUMMARY Cash flow forecasting enables small businesses to anticipate and plan for seasonal revenue fluctuations, ensuring financial stability during slow periods. By proactively managing cash flow, businesses can maintain operations smoothly and seize growth...
by D. Maykl Muhammad | Aug 17, 2024 | CFO
SUMMARY Balancing working capital and cash flow is essential for small businesses to maintain liquidity and support sustainable growth. By optimizing key areas like inventory management, accounts receivable, and supplier payment terms, businesses can improve their...
by D. Maykl Muhammad | Aug 14, 2024 | CFO, Nonprofit
SUMMARY Understanding when to engage a CPA versus a Sector Tax Professional is crucial for business success. CPAs provide broad financial services, focusing on compliance, tax preparation, and financial management, but may not always offer growth strategies. Sector...
