Meet Your Team-Gemma your Virtual Controller

Gemma Lee, our new Finatics Virtual Controller, wants people to feel comfortable when they’re talking about numbers.  “It’s hard to make numbers fun, and most people see it as a chore,” explains Gemma, who hails from England but has lived in Canada for 16 years....

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Understanding your business margins

Understanding your business margins

Ask any finance professional, and they will tell you that it’s important to understand your business margins. Why?  Profit margins are ratios that help tell you how well your business is doing by gauging profitability.  Calculating profit margin determines...

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Importance of Inventory Tracking

Importance of Inventory Tracking

When you think about inventory tracking, you’re most likely thinking about physically counting goods or maybe scanning things in and out. Inventory management is more than checking the shelves or warehouse. Robust accounting processes and accounting software help...

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How to determine a winning pricing strategy

How to determine a winning pricing strategy

Determining how to price your product or service is critical to success. When you are considering what to charge your customers, it’s important to know your costs by: ItemGross margin by itemVolume of sales by item If you have multiple items in a product line, each...

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Meet Your Team – Anne your Accounting Clerk

You could say that accounting runs in the family for Anne Pangan, our new Accounting Clerk.  “My mom, my auntie, and my uncles are all accountants, so I was influenced by hearing them speak about their work and how I saw them daily growing up,” explains Anne, the...

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