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Even with good cash flow planning, unexpected events can cause a business to face a cash flow crisis.  This discussion is not in lieu of cash flow planning but addresses cash flow in response to disruptive situations:  higher than expected growth, loss of a significant customer, unexpected economic downturn or acts of God. There are…

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Dear CFO: My banker tells me I need a budget. But I know how to run my small business. Budgeting sounds like a waste of time to me. What would I gain by budgeting in Portland? This is certainly a common complaint and not just from small business owners, but from employees of large corporations…

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“Your accountant costs how much?” Now there’s a phrase I’ve heard repeatedly between business professionals. Here’s another phrase we’re all familiar with: “You get what you pay for.” When it comes to accounting, there’s no substitute for experienced, professional oversight on the financial and operational aspects of your business. Unfortunately, many business owners and CEOs…

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Dear CFO: As a small business owner, I know (and my bank advised me) I need a budget. I’m overwhelmed and don’t know how to begin.  What do I need to do to create a successful budget for my business? Confused about budgeting basics in Phoenix. It’s certainly best practice to create and follow a…

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