Starting a new business is an exciting undertaking. But it can also feel overwhelming, especially when it comes to finances. Yet, many startup businesses fail because they don’t have a good handle on their finances from the start.
As your company evolves and matures, your resource needs will vary. That’s true across every function in your organization, including your financial operations.
The accounting* and finance functions and the role of the CFO are both changing dramatically, with the CFO now expected to help lead a company’s transformation alongside other C-suite executives. By leveraging these 5 financial pillars, CFOs can play an integral role strategically in driving their businesses to thrive and succeed.
Scrubbed, an outsourced bookkeeping, accounting*, auditing, and corporate finance firm with operations in San Francisco, CA, and the Philippines, announced that Melvin Follosco has joined the team as Director for Compliance and Risk Management.
The phrase “cash is king” may be cliché, but it’s well-worn for a reason: In business, cash is the lifeblood that keeps your operation running. Just like your vehicle needs fuel to operate, your business needs a strong cash position to thrive.