Business people with their hands together in a circle

4 Tips for Starting a Small Business from a Virtual CFO

MM Accounting has seen our fair share of small businesses starting up. As a virtual CFO service, MM Accounting serves wide-eyed entrepreneurs with bold visions and big dreams. Our primary aim is to provide the kind of financial insight that helps these businesses flourish. Without a doubt, accounting expertise is critical to keeping your businessContinue Reading

CFO Answers: What is the Goal of the Financial Section of a Business Plan?

Any million-dollar empire starts with a fantastic idea. However, to remain profitable, it needs a coherent, well-constructed business plan. As all creative entrepreneurs know, business plans should describe company goals, discuss products and services, and explain strategies. These are all important, but pale in comparison to the financial section of your business plan. A functional,Continue Reading

Business woman discussing payment terms

Payment Terms: Why do they Matter?

In providing remote bookkeeping services to numerous companies, at MM Accounting we understand how fiscal needs vary by industry. However, the need for payment remains consistent. When organizing contracts or selling products to clients, the payment terms dictate the logistics of your agreement. Mastering the art of coordinating payment terms will ensure that your companyContinue Reading

3 Ways to Survive a Cash Shortage

All remote bookkeepers are in the business of helping companies to thrive. Virtual CFOs use a variety of techniques to analyze data and develop fiscal strategies to help businesses flourish. Any remote bookkeeper can attest to the highs and lows that every company encounters. Obviously, no business is immune to occasional lean times. Business owners,Continue Reading

8 Causes of Sloppy Bookkeeping

A clear record of factors like expenses and projected income is critical to the success of small businesses. For this reason, an accounting strategy through bookkeeping software is essential. With an online approach to bookkeeping, you can ensure that your files are always standing by and available for reference. A remote bookkeeping service can help businessesContinue Reading

Businessman holding the light idea bulb show new good smart idea thinking and creative innovation business with group of people thinking, brainstorming and planning background.

How Creativity Can Revolutionize Your Business

Sometimes it feels like there are two kinds of people in the world: creative and non-creative people. Many of us simply assume that creativity is something other people have. Also, most entrepreneurs or business owners assume creativity is only in painters, musicians or writers. However, that’s not exactly true. The truth is: creativity often fuelsContinue Reading