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[Free Tool] Proforma Income Statement and Break-even Analysis

If you are having troubles doing break-even analysis or a proforma income statement supported by valid assumptions and solid technical grounds then this spreadsheet tool is for you. Our tool is simple to understand and easy to use without requiring any technical knowledge. You can be your own consultant within one hour and be ready [...]

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    Strategies for Better Business Insight

    In a recent collaborative research by CFO Research Services and IBM Software Group on “Strategies for Better Business Insight”, nearly 200 finance executes were asked about: The need to better analyze profitability, and other top priorities for the near term, Which core performance management activities will become more difficult to execute in the next two [...]

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      Coming soon: Free Excel templates!

      We have developed free Excel templates to be distributed free of cost to our visitors. The templates will cover many business areas like monthly financial reporting, product costing, break-even analysis, budgeting and forecasting without requiring special skills and unusual learning time. Our templates will save you cost and reduce dependence on others. So just hang [...]

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        How outsourced accountancy services help your business!

        With respect to owners of small businesses, maintaining balance in remaining focused on growing business and maintaining control on operations is quite challenging because for cost reasons they cannot hire qualified and experienced professionals while trying to do everything themselves expose business towards stagnant growth. In summary, this cause small businesses to grow until a [...]

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          Free accounting application review: myERP.com

          Update 13-Feb-12: myERP.com has gone under drastic changes in interface which is different from legacy design of myERP.com. Updates to original article have been marked with dated updated and obsolete items have been struck through. Users subscribing prior to 10-Nov-11 can still use legacy interface at https://saas.myerp.com Thank you. —————————————————————————————————————————————– Text of review originally written [...]

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            To or not to outsource?

            Small and medium size businesses face many challenges when they attempt to maximize their operating margins and aim for higher net profits. Main constraints are stiff competition, economic downturns and at micro level fixed overheads, specially administrative costs. Business owners deploy a number of strategies and practices to keep costs up to an acceptable maximum. [...]

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              Free accounting application review: WaveAccounting.com

              This is our fourth review in the series of ‘free accounting applications reviews’. In previous articles, we have covered: Outright.Com MyBrightBook.Com myERP.com WaveAccounting has all the features that could make accounting for small businesses hassle free while keeping associated costs to a minimum. First the application itself is free then its unique, easy to learn [...]

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                So the “year-end” begins!

                For whole world it is the ending of year 2011 but for us accountants it is just beginning of ‘year-end’ procedures. Depending on what accounting software you are using, the year-end procedures may slightly vary but technically essence remains the same which starts from reconciliation of bank statements to accounts receivable and payable and doing [...]

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                  Accounting software for small and medium sized businesses

                  Choosing right accounting software for your business is a very crucial step. A wrong decision in the beginning can lead to prolonged embarrassment, headache and lack of having ‘right information’ to make time crucial business decisions. Along with intangible costs, there come many tangible costs like buying new software, license costs, hiring experts to install [...]

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                    How to link QuickBooks Point-of-Sale with Financials

                    Worried about setting up QuickBooks Point-of-Sale (POS) with QuickBooks Financials or concerned about high consultant fee? Our free simplified training video is here to help. QuickBooks Point of Sale integration with QB Financials from Profac Consulting on Vimeo. Alternatively, you may view the video at Vimeo.com or click here to download to your PC in [...]

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