Is My Money Safe in the Face of COVID-19?

Is My Money Safe in the Face of COVID-19

Your college savings strategy does not need to alter just because COVID-19 has transformed the way college appears these days. Tuition costs continue to grow, regardless of whether students are returning to the classroom or attending online classes this fall. For many of our customers, saving for their children’s education is a key priority. If … Read more

The Difference Between Revenues and Receipts

The Difference Between Revenues and Receipts

On the income statement, revenues are referred to as sales, whereas receipts are referred to as cash inflows on the balance sheet. An invoice is sent to the buyer for payment at this time, and the seller then gets the customer’s money (referred to as a “receipt”) as revenue. As a result, another distinction is … Read more

How Revenue Affects the Balance Sheet

How Revenue Affects the Balance Sheet

The top of the income statement is usually reserved for revenue. It does, however, have an effect on the bottom line. Affect on Funds A company’s cash-only payment conditions produce a commensurate amount of cash on the balance sheet. It has a negative effect on the accounts receivable Accounts receivable are created on the balance … Read more

CFO: Build that Crew!

CFO Build that Crew

A CFO with skill and innovation may become a critical strategic partner for the CEO and a leader in the C-suite, but not without establishing a top team to assist shoulder the weight. “It would be a pity if that CFO’s expertise was wasted closing the books,” says Jack McCullough, president of the CFO Leadership … Read more