How to Calculate Sales Forecast for a New Business
Projecting sales is the most important and challenging piece of forecasting, especially for new businesses with little to no historic data. Many small business owners don’t know how...
Blog - Page 3 of 10 - CFOShare
Wall Street Bets, GME, and the risk of a Retail Bro-pocolypse
The circus of wall street seems a far-ways away from most small business concerns – but are you aware of how this stewing financial crisis may affect your...
Potentially Big PPP Wins for Businesses with Historic Grant Income
Did you receive a large grant in the early years of your startup – perhaps a NIST, OEDIT or DOD grant in 2019? If so, your startup business...
When Does PPP Round 2 Begin?
(updated 1/13/21) PPP applications re-opened on Monday 1/11 to a select group of recipients, and will open to all lenders starting Tuesday 1/19/21. Due to heavy criticism of...
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...
PPP Round 2 Guidance Released by SBA
The SBA has released their PPP guidance around the new stimulus legislation passed on December 27th, 2020. This guidance includes interpretations of changes to forgiveness as well as...
PPP Second Draw Details for Small Businesses.
After 2 months of ongoing debate and negotiations, congress and president Trump signed a new stimulus bill which includes a second round of PPP loans. We at CFOshare...
How to Create a Business Budget
We all know we should build a budget – after all, a budget is one of the four essential forecasting tools and a cornerstone of financial planning. But...
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...