The Cost of Not Keeping Accurate Records
When navigating the complex realm of business, one quickly realizes the critical role that accurate bookkeeping plays. It’s not just about numbers; bookkeeping is the lifeblood of informed...
Posts by: Paco Contreras, Author at CFOShare
Interpreting the Income Statement and Cash Flows
The cash flow statement and the income statement are closely intertwined but measure different aspects of a company’s financial performance. Understanding the complex relationship between the two yields...
Interpreting the Cash Flow Statement – a Quick Guide
Interpreting the cash flow statement involves understanding the sources and uses of cash from different activities of a company. You do not need to be a CFO to...
Interpreting the Income Statement – a Quick Guide
Small business owners do not have time to deeply dissect financial statements. Luckily, interpreting the income statement requires just a simple analysis of its key elements: Revenue, COGS,...
Key Performance Indicators (KPIs) Explained
In today’s dynamic business world, Key Performance Indicators (KPIs) are vital for gauging success and pursuing the business growth strategy. They provide essential metrics to assess an organization’s...
The AI CFO: Understanding the impact of AI on the role of CFOs
As artificial intelligence (AI) continues to reshape industries, it will have a profound impact on the role of Chief Financial Officers (CFOs). The integration of AI in finance...
Want to outsource your accounts payable? What to look for
Accounts payable is an annoyance at best, a disaster at worst. More and more businesses use accounts payable outsourcing as a solution to this problem. AP service providers...
Tips to Reduce Business Expenditures and Boost Profitability
Running a successful business is eventually all about profitability, and one of the best ways to achieve this is to reduce business expenses. However, cutting expenses can be...
Make Your Business Run Smoother: Top 3 AP Processes
Accounts payable processes are an essential part of any business, and they play a critical role in maintaining healthy cash flow and supplier relationships. As businesses grow, managing...
Financial Ratios to Manage Accounts Payable
Managing accounts payable is critical for any business to maintain healthy cash flow and vendor relationships. Financial ratios are essential tools that help companies evaluate their financial performance,...