If you operate a medical device distributorship, you understand the unique challenges that come with it: complicated commission structures manufacturer contracts complex inventory management a constant influx of purchase orders and payments representative expenses However, achieving financial clarity as a medical device distributor doesn’t have to be elusive or stressful. While QuickBooks might be a […]
As we enter a new era of digital transformation, CFOs are faced with a crucial question: Is your team prepared for the future? For finance leaders in 2025, upskilling your finance team is no longer just a benefit—it has become essential for determining whether you will stay ahead or fall behind. The stakes are high.
Why Upskilling Your Finance Team Is Your CFO Superpower in 2025 Read More »
When launching a new business, most entrepreneurs turn to QuickBooks as their go-to accounting software. It is user-friendly, quick to set up, and provides a straightforward overview of the financial situation. However, as the business expands, there are common Quickbooks limitations or shortcomings that often become evident, catching owners off guard. The real issue isn’t with
For most founders and CFOs, implementing a financial system early on feels like a “set it and forget it” moment. You pick a platform, plug it in, and move forward. But what worked when you had 5 employees and $500K in revenue probably won’t work at $15M and three subsidiaries. Discover the hidden costs of
Hidden Costs of Outdated Financial Systems CEOs Can No Longer Ignore Read More »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 »
As businesses continue to evolve, payroll systems are becoming increasingly crucial. Technology has made significant advancements in this critical area, and companies are actively seeking innovative solutions to streamline processes and boost efficiency. The future of payroll is intricately connected to cutting-edge technology, and several exciting trends are reshaping the industry. From the potential of
Revolutionizing Payroll & Embracing the Power of Technology Read More »
In the world of startups, having a clear financial roadmap is crucial for decision making, sustainability, and growth amidst competition and innovation. Financial and management accounting are two distinct disciplines that play important roles in shaping a startup’s trajectory. This article explores the unique characteristics of these disciplines and how Bright Balance Accounting can help
Month-end close is a critical but arduous process that can become a CFO’s worst nightmare. Countless hours are spent manually reconciling accounts and preparing financial statements, leaving little room for focusing on strategic initiatives. However, there is a solution! In this blog, we delve into the prerequisites for accelerating the month-end close process and shed
A CFO’s Guide to Accelerating efficiency with Fractional Accounting Read More »
Financial Modeling Building a financial model for your business is crucial for accurate forecasting and informed decision making, therefore it requires a deep insight in accounting principles, financial statements, valuation methods, and Excel formulas, among many other things. Financial Modeling is creating a numerical depiction of your company’s financial status for the purposes of forecasting,
Mistakes to avoid when building your Financial Model Read More »
