Ruth Gweme, Author at Bright Balance Accounting & Finance

How CFOs and Sales Teams Collaborate Effectively

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 […]

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Top Five Accounting Tasks to Focus on this January

Finance / Ruth Gweme

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.

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Key Considerations for 1099 Reporting

Finance, Fractional Accounting / Ruth Gweme

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,

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Month-End Close in Half the Time: Strategy for DSOs

DSO / Ruth Gweme

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

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Month-End Close in Half the Time in SaaS

Software & Tech / Ruth Gweme

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

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Building a Recession-Proof Finance Department

Finance, Fractional Accounting / Ruth Gweme

Building a resilient finance department goes beyond establishing strong financial controls; it requires crafting a flexible organizational framework that can withstand and adapt to challenges as they arise. As businesses face a spectrum of uncertainties, from market volatility to regulatory transformations, the conventional approach of maintaining a static finance team is evolving. The focus is

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Scalable Financial Operations in High-Growth DSOs

DSO / Ruth Gweme

As Dental Service Organizations (DSOs) evolve from a few locations to expansive networks of over 50, this transformation offers incredible opportunities alongside formidable challenges. Transitioning from a modest setup of five locations to a vast network requires a visionary strategy and a resilient financial infrastructure to support such growth. Chief Financial Officers (CFOs) aim to

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