With long project times, sizable material orders, and upfront labor costs, the construction industry often faces a variety of financial challenges. Below are some of the top financial challenges and mistakes we see construction companies facing. 1 – Doing Work Without Documentation One common financial mistake construction companies make is doing additional or changed work […]
For many small business owners, the whole process of accounts payable can be an intense task. You may be able to go the paperless route and alleviate some headaches in your accounts payable. However, this may also cause new problems for you to navigate through. Below are some of the most common accounts payable problems[…..]
Just as the term of the position implies, an organizational and financial specialist who provides the services of a chief financial officer is a virtual CFO. But instead of providing such services in person and on a full-time basis, the automated CFO operates remotely, on a contracted, part-time basis. Until recently, for most small companies,[…..]
Does your cash flow feel as unpredictable as our changing seasons ? The seasonality in our Canadian climate brings about many challenges for businesses as they are not immune to the weather and the corresponding changes to: Consumer demand. Product availability and the supply chain. Farming and natural resources. Economic forces. As such, one of[…..]