Most growing dental practices are typically led by their founders, who often encounter challenges around financial clarity. One common issue is the delayed finalization of monthly financial records. As a result, strategic meetings frequently rely on outdated information, limiting CEOs’ ability to make timely, data-driven decisions. It’s important to note, this issue does not stem […]
Mastering Dental Financial Closures Read More »
Every business owner faces these competing priorities, whereby accounting falls short; Marketing for driving revenue. Operations for delivering products. Sales for closing the deals. But accounting often gets overlooked, seen as just an expense that can wait, left in the hands of a trusted family member, a mindset that can lead to costly mistakes. Neglecting
Why Neglecting Accounting Costs More Than You Think Read More »
Payment terms extend beyond operational logistics; they are powerful levers for managing liquidity and maximising financial efficiency. The configuration of vendor payments can enhance working capital efficiency, reduce operational expenses, and fortify supplier relationships, hence optimizing cash flow by managing supplier payment terms However, terms like the 2/10 Net 30, net payment holds, and early
Cash Flow & Supplier Terms: The 2% 10 Net 30 Read More »
Achieving a balance between the demands of a Controller or CFO role and personal well-being is not just a personal ambition but a critical strategic necessity. High levels of stress and extended working hours—common attributes of these positions—can lead to burnout, impaired decision-making, and diminished leadership effectiveness. A recent study reveals that job burnout
The Necessity of Work-Life Balance for CFOs and Controllers Read More »
In light of anticipated market volatility challenges, businesses are re-evaluating their financial management strategies to dynamic cash flow management in 2025. The persistent challenges of economic uncertainty, disruptive technological advancements, and increasingly complex regulatory environments necessitate innovative approaches to financial planning. Forward-thinking CFOs recognize that traditional static models no longer suffice to enhance the efficiency
Dynamic Cash Flow Management in 2025 Read More »
In numerous organizations, finance and sales teams often work in isolation, concentrating solely on their metrics and goals. This separation represents a lost opportunity to transform financial data and market insights into strategic initiatives. Yet, when CFOs and sales teams collaborate effectively, they dismantle these barriers and collaborate to achieve growth. Here are some practical
How CFOs and Sales Teams Collaborate Effectively Read More »
Why Start January Off Right? January is a crucial time for businesses as the new fiscal year begins. It presents an ideal opportunity for CFOs and decision-makers to establish a solid foundation, implement effective financial processes, and set a positive course for the months ahead with some top accounting tasks to focus on this January.
Top Five Accounting Tasks to Focus on this January Read More »
As tax reporting season kicks into high gear, CFOs and financial leaders across the US are gearing up for one of the most tedious challenges of the year: 1099 reporting. Frankly—dealing with tax preparation can feel like a full-time job, especially for businesses riding the exciting and sometimes chaotic trajectory of growth. As a CFO,
Key Considerations for 1099 Reporting Read More »
For many growing Dental Service Organizations (DSOs), the month-end close process can feel overwhelming, akin to running a marathon at sprint speed. Multiple locations, diverse systems, and intricate consolidations compound this challenge. As a result, finance teams often find themselves working late into the night to meet reporting deadlines. However, it is possible to complete
Month-End Close in Half the Time: Strategy for DSOs Read More »
According to the statistics from Statista, the revenue in the Software as a Service market is projected to reach US$187.20bn in 2024, most of which will be generated in the US. As a result, for organizations in this rapidly scaling industry, the month-end close process can resemble a marathon conducted at sprint speed. Multiple revenue
Month-End Close in Half the Time in SaaS Read More »
