What is Cost Accounting?
Cost accounting is the specialized discipline of managerial accounting focused on timing and attributing costs accurately. Although the concept of cost accounting is simple, the actual practice is...
Bookkeeping
What Are the Differences Between Bookkeeping and Accounting?
Bookkeeping and Accounting are part of the same profession and are often confused as the same thing, however they are different activities. Bookkeeping is transactional and administrative record...
How to Compare Budget vs Actual
A small business budget is not much use if you do not compare it against actual performance. This classic method of evaluating performance stands as one of the...
What is Management Accounting?
Strategic business decisions are made from the transformation of financial data into critical business operational reports by managerial accountants. Managerial accounting utilizes analysis tools, key performance indicators, and...
Accrual vs Cash Basis Accounting: What Are the Differences?
Let’s all face it – accounting can be difficult to understand, and it’s sometimes as if accountants speak their own language. What exactly does it mean to “write...
What is a full charge bookkeeper?
Full charge bookkeepers are professionals who are skilled at completing end-to-end accounting for a small to medium-sized business; this is much more than what a traditional bookkeeper is...
Why Do Small Businesses Need Financial Statements?
Most small business owners keep a sharp eye on their bank balance, so why do they need financial statements? If the balance goes up, they are making money,...
Adding CFOshare as an Accountant to your QuickBooks Online Account
Congratulations on bringing financial professionals onto your team! We are excited to bring our years of experience and expertise to your organization and begin assisting you in the...
How Do You Measure the Success of a CFO?
As the person in charge of your company’s financial health, the chief financial officer (CFO) is vitally important. But how can you measure their effectiveness? In this article,...
Outsourced Finance Manager: What Is It and Do You Need One?
A finance manager is often the most experienced financial professional in a small business. Their responsibilities include overseeing company finances (cash, debt, collections, and payments,) preparing statements and...