Ever wonder how much cash your business needs to keep on hand? Every business needs cash and most want more of it, but when it comes to cash how do you know when enough is enough? Conventional wisdom says (otherwise known as “they say”) that you should have the cash equivalent of 3 to 6 […]
In our latest video, Susan Richards explains why you should add NRR (Net Recurring Revenue) to your dashboard if your business model is based on recurring customer revenue.
If opportunity knocks – is your business ready to be sold? Could you pass inspection? The market for M&A activity is very high in a number of industries. Opportunities to sell may present themselves when you least expect it. Our advice is that you should be ready to be ready. With that intention in mind, […]
In our latest video, Susan Richards, FCPA, FCMA flies through a dozen ways to fund your startup without giving away a piece of your company.
As the nation prepares for tax filing season, businesses are scrambling to keep up with all the reporting requirements including T2200 forms. T2200s are forms that are applicable when employees are required to pay their own expenses while carrying out the duties of employment. The information we are sharing on this is based on our […]
In this video Susan Richards discusses common challenges for internal accounting and finance teams as well as recommendations on how to overcome them.
In this video our Co-Founder and Managing Partner Susan Richards, discusses how to plan your financials as a business during uncertainty. She covers everything from her 2021 expectations, strategic planning, how to measure against your plan, scaling your business, cash flow tips, what investors or bankers want to see in your financials and company, and […]
When it comes to measuring the financial performance of your SaaS startup you need to learn how to calculate SaaS Metrics. SaaS Metrics generally do a more effective job at measuring your business performance than traditional financial statements given the unique nature of the business model itself. Why is this? SaaS businesses face significant losses in the […]
You can’t manage what you don’t measure, right? When it comes to improving your financial performance the best advice I can give business owners is to numerate your strategic plan and then measure how you are doing against it. What does that look like? Generally speaking it is laying out a monthly view to your revenues, expenses, […]
In the third instalment of our Q&A series with our Co-Founder Susan Richards, FCPA, FCMA, we asked her about what companies should look for when deciding on what accounting firm to use. What are 3 tips you would give to a company evaluating accounting firm options? Having strong professional advisors is key factor to building […]