FP&A: The Bridge Between Numbers and Strategy Ever wondered how companies make decisions about the future? How they know where to invest, when to cut costs, or what new markets to explore? A lot of that magic happens thanks to a team you might not have heard of – Financial Planning & Analysis (FP&A). So,...
Money Talks: Decoding the Mystery of Financing Decisions Ever wondered how businesses get the money they need to grow and thrive? It’s not magic, it’s financing decisions! These are the critical choices companies make about where their money comes from and how they use it. Think of it like planning your own budget, but on...
Decoding the Financial World: What Does FY Mean? Ever stumbled upon “FY” in a financial report or conversation and felt completely lost? Don’t worry, you’re not alone! “FY” is a common abbreviation used in finance, but it can be a bit confusing if you haven’t encountered it before. Simply put, FY stands for “fiscal year.”...
Unlocking the Mystery of DSO: Why It Matters for Your Business Ever wonder how quickly your customers pay you? That’s where Days Sales Outstanding (DSO) comes in! It’s a key metric that helps businesses understand how efficient their collections process is and whether they’re getting paid on time. Think of it like this: DSO tells...
Keeping Score: How Finance and Accounting Team Up for Business Success Imagine a sports team trying to win without keeping score. They wouldn’t know if they were ahead, behind, or even in the right game! That’s kind of what it’s like for a business without strong finance and accounting departments working together. While both deal...
The Price of Money: Understanding Finance Costs Have you ever wondered why borrowing money costs anything? Why can’t we just borrow what we need, use it to achieve our goals, and pay it back without any extra fees? The answer lies in something called finance costs. Finance costs are essentially the price you pay for...
Can QuickBooks Help Your Customers Get the Funding They Need? Running a small business is a balancing act, and sometimes that includes helping your customers manage their finances. Have you ever wished there was an easy way to offer financing options to your clients without taking on all the risk yourself? Well, guess what –...
Funding Your Dreams: A Beginner’s Guide to Debt vs. Equity Financing Starting or growing a business often requires capital – that sweet, sweet money needed to get things rolling. But where do you find it? Two common options are debt financing and equity financing. Think of them as two different flavors of funding ice cream:...
From Bean Counters to Deal Makers: Can Your Accounting Degree Land You a Finance Gig? So, you’ve got your accounting degree in hand and you’re staring down the career path ahead. Maybe visions of spreadsheets and audits are dancing in your head (or maybe those visions are more like nightmares). But what if you’re yearning...
Unmasking EBIT: A Peek into the Heart of Business Profitability Imagine you run a lemonade stand. You’re selling refreshing drinks on a sunny day, but to figure out how well your business is *really* doing, you need to look beyond just the money flowing in from thirsty customers. That’s where EBIT comes in – Earnings...