When you’re running a small business, it can be difficult to find the time to keep track of your finances properly, especially when you’re on top of everything else that goes into managing your company. The solution could include hiring a fractional chief financial officer (CFO). A fractional CFO is a part-time CFO for small […]
Category Archives: Portland CPA Blog Posts
Controllership Services: What are They and When Should You Consider Them for Your Business?
As a small business owner, you are used to handling all the elements of your business. However, as your company grows and becomes more complex, it is essential that you have a team in place who can help you manage your financial affairs. This is where controllership services come in. Controllership services are designed to […]
6 Bookkeeping Services That Will Help Your Business Thrive
Keeping track of the numbers can be a full-time job when you’re running a business. You can easily get overwhelmed and miss important details, which could mean lost revenue and missed opportunities. That’s where bookkeeping comes in: it’s the important process of recording all the financial transactions for a business and ensuring they’re accurate. Here […]
5 Advantages of Using an Outsourced Accounting Service
As a business owner, you have many concerns on your plate. Many business owners choose to alleviate some of their hands-on responsibilities by hiring an accountant to manage their financial needs. Regarding accounting, business owners have two options: hire an in-house accountant or use a professional outsourced accounting firm. Both have their advantages, but which […]
3 Financial Details to Consider in New Business Formation
3 Financial Details to Consider in New Business Formation Deciding to start a business can be very exciting. You’ve got a new idea and the desire to make things happen. However, starting a new business can also be overwhelming. The financial details that must be addressed before you get your new enterprise off the ground […]
When Do You Need a Bookkeeper vs. an Accountant?
Different kinds of financial professionals are important for the smooth operation of any business. But how many people truly understand the differences in the role that a bookkeeper plays in a business versus the role played by an accountant? The work of both of these professionals is crucial in keeping a business above water financially, […]
What Is the Difference Between Business Accounting and Financial Accounting?
Businesses of many kinds have used accounting techniques to manage their finances for centuries. Even in the days of the local blacksmith when clients brought their horses in for new shoes, there was some system by which the smithy kept track of his profits and losses using simple methods. Since then, however, the science of […]
What Is Client Accounting Services?
If you’re a business owner, you may have used outsourced accounting services to help manage your business finances. However, client accounting services offer something that goes beyond simply outsourcing an accountant. When you use client accounting services, it’s almost as though you’ve hired a team of your own accountants who become familiar with your unique […]
What Are the Benefits of Business Advisory Services?
Working for an employer and receiving a paycheck may be a daily grind, but at least it gives the employee the security of that paycheck. But for those who run a business, that kind of security just does not exist, and every day is a new opportunity to sink or swim. While running a business […]
Top Reasons to Hire a Fractional CFO
When you started your own business, you were full of passion and dreams of success. But all too often, somewhere along the line, the waters of running a business can become quite rough and you may not know where to turn. When this happens, you may want to think about hiring a fractional CFO. But […]
Tax Questions to Ask When Structuring Your Oregon Cannabis Business
If you’ve decided you want to benefit from the booming growth of the cannabis business in Oregon, you are probably interested in learning all you can about how to set up your business to be compliant with Oregon state laws. And, just like all other businesses, a cannabis retail business must pay taxes. As a […]
Small Business Tax Preparation Checklist
If you’re a business owner or manager, you may feel some trepidation when you know that tax time is approaching. One way to minimize this anxiety is to be prepared for the tax season by using a simple small business tax preparation checklist. Using a checklist ensures that you’ll have all the documents you need to […]