CFO Archives | Young + Co | Virtual Accountants

How Much to Pay Yourself as a Business Owner

by admin | Sep 16, 2020 | Bookkeeping, Business Accounting, CFO, Small Business 101

There are a lot of reasons why we all started our own businesses, from serving clients, to doing what we love, to getting out of the corporate grind. But ultimately we’re all here to make money. And if you’re not making enough money, then you won’t...

How to Create a Cash Cushion for Your Business

by admin | Sep 10, 2020 | CFO, Small Business 101

Here’s a fact: 2020 has been a tough year and some businesses haven’t made it because they’ve been shut down or their revenue dropped off significantly for weeks or months. The reality is that there are always ebbs and flows in the economy, and you...

The Entrepreneur’s Guide to Financial Statements – The P&L

by admin | Aug 17, 2020 | Bookkeeping, Business Accounting, CFO, Small Business 101

Successful business owners are able to see the story behind the numbers when they look at their financial statements. I always ask business owners if they review their financial statements, and I often get that deer in headlights look. I know looking at a bunch of...

Using a CFO in Your Small Business

by admin | Jul 24, 2020 | Business Accounting, CFO

“CFO” is a buzzword that we see getting used a lot in the entrepreneurship space. It seems like everyone wants a CFO! In this post we’ll dig into what exactly a CFO is and when you should use one. What is a CFO? We often see the term CFO used...