Are you Ready for a Recall?
When you work in the consumer packaged goods sector of the food industry, it’s good to have the mindset that a recall could happen. This is one of those “prepare for the worst and hope for the best” situations! There are several different reasons why you might have to...
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Differences between your Bookkeeper, Fractional Controller and Fractional CFO
When you’re hiring a virtual accounting team, you have the flexibility to contract for what you need. But how do you know what you need? What’s too much or too little? It can be challenging for small- and medium-sized business owners to move from doing their own...
read moreFinatical Times - Special News Bulletin Government of Canada Extends CEBA Loan Forgiveness Repayment Deadline to December 31, 2023 Kerry Foster from Finatics Accounting Solutions is at the scene now, Kerry, what was the announcement? “Well Michael, Prime Minister...
read moreHappy New Year Happy New Year and Fiscal New Year (for those lucky enough to have a double celebration!). With a new year, there are new beginnings, new opportunities, and new adventures. At Finatics, we started our New Year celebrations early when we welcomed our...
read moreMeet 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
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
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...
read moreNew to QBO: Price Rules– automate different prices for different customers Contractor Management – track payments for the appropriate tax slip Employee tax-new setting setup and new sections for tax settings Tags-customizable labels to track information your way...
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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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Staying ahead of growth overwhelm by planning ahead
When small business owners want to know the secret to staying in business (profitably!), the answer is to keep planning ahead. Cash flow is typically the biggest challenge for startups and small business owners. Being able to manage your cash flow to cover not just...
read moreRecent Posts
Are you Ready for a Recall?In BlogMarch 23, 2022
Differences between your Bookkeeper, Fractional Controller and Fractional CFOIn BlogFebruary 28, 2022- (no title) Post 214762In Blog, Special News BulletinJanuary 13, 2022
- (no title) Post 214655In Blog, Quarterly NewsletterJanuary 5, 2022
- Meet Your Team-Gemma your Virtual ControllerIn BlogJanuary 5, 2022
Understanding your business marginsIn BlogDecember 15, 2021
Importance of Inventory TrackingIn BlogNovember 17, 2021- (no title) Post 214475In Blog, Quarterly NewsletterOctober 27, 2021
How to determine a winning pricing strategyIn BlogOctober 20, 2021
Staying ahead of growth overwhelm by planning aheadIn BlogJune 30, 2021