While strong, dependable financial practices remain a predominant key to the current and future success of your business, too many businesses fail to implement them. Despite recognizing that poor and inconsistent financial management excels in causing weak business performance and growth, most business owners still fail to carry out the necessary financial tasks to keep...

Constantly evolving with the change of company processes, your chart of accounts should be reviewed on an annual basis. Having an organized chart of accounts provides an accurate snapshot of how your business is spending and receiving money. While reviewing, it is crucial to find the balance between having enough accounts that your financials are...

Successful business owners make it a habit to review their profit & loss at least every month. This allows them to keep a finger on the pulse of their business by reviewing their revenue alongside their expenses. If your bookkeeping processing isn’t up to date and/or you don’t have a P&L statement to review, we...

  Bouncing back from a surreal and nightmarish ordeal, persistent restaurant CFO’s push through coronavirus impact and promptly shift gears to prepare for a substantial economic surge. As a direct result of the ongoing pandemic mandating non-essential business shutdowns, restaurants lost an estimated $270 billion last year, permanently closing many and sending those remaining to...

The costs associated with running a business seems to increase annually. As we are rapidly approaching 2021, without fail you will see everything getting more and more expensive. Rent, employee costs, travel expenses, all of it will likely increase. We have put together five simple ways in which you may be able to save a...

As you can see as a small business owner, technology has rapidly changed the way in which things get done. Customer’s are rarely using cash, having a mobile-friendly website is expected, and having some form of social media presence is pretty much a basic necessity now. With that being said, why haven’t we all fully...

In the face of uncertainty, successful business leaders must prioritize key business essentials and skillfully guide their organizations through this global crisis. MCDA CCG, Inc. has developed a checklist of 11 critical areas for financial executives to focus on now to position their organizations for a strong recovery. Cash management strategies Prioritize and conserve cash payments by...