Bookkeeping Doctor White

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How Long Could Your Business Survive on Cash Reserves?

December 23, 2023 | Comments Off on How Long Could Your Business Survive on Cash Reserves?

Most kids have a glass or ceramic piggy bank in which to save up their coins. To a kid, a piggy bank full of coins seems like a lot of money, but in reality, most of them only hold a few dollars. While that might seem like a lot to a kid at the time,…

Direct Costs vs Indirect Costs: What’s the Difference?

November 17, 2023 | Comments Off on Direct Costs vs Indirect Costs: What’s the Difference?

When determining the price of your products/services, you need to make it low enough that you’re not pricing yourself out of business, but you also want to make sure it’s high enough that you make a profit. The obvious way to do that is to add up all the costs involved in making the product/service,…

What Is EBITDA and How Can It Measure Your Company’s Financial Performance?

October 30, 2023 | Comments Off on What Is EBITDA and How Can It Measure Your Company’s Financial Performance?

As an employee, finding out how much money you’re making is easy. In fact, your employer’s HR department does it for you. They subtract your taxes and health insurance payments for you, so just one glance at the check will tell you how much will end up in your bank account. Owning your own business…

What Are KPIs and Why Are They Important to Track?

September 5, 2023 | Comments Off on What Are KPIs and Why Are They Important to Track?

Ever feel like your accountant is speaking a different language? Every industry comes with its own acronyms and lingo, and the world of accounting is no different. We use different terms to talk about how we’re tracking the financial health of your business, and one of the most important things we look at is your…

What Is a Fractional CFO?

August 14, 2023 | Comments Off on What Is a Fractional CFO?

You probably already know that CFO stands for Chief Financial Officer. It’s a position usually associated with large corporations working in sprawling offices in skyscrapers. But what if you own a small business that can’t afford the high salary of a CFO, but you still need the services and expertise of a CFO? That’s where…