Anticipatory Accounting Helps Business See Ahead and Bounce Back
August 28, 2023
We all know that wellness is not a one-time event. If we only exercise once a year, we are not going to see any desired positive outcomes from our singular effort. If we throw the rare healthy meal into a diet that is mostly junk…
Why Having Only 1 In-House Accounting Person isn’t Nearly Enough
July 28, 2023
Business owners start out wearing all the hats. They head up sales, marketing, operations, and client services. They are visionaries, task masters, go-getters, and rainmakers. And when they succeed and their business grows, they eventually put on a Human Resources hat that allows them to…
Without Knowing Your COGS, How Can You Become a Master of Margins?
June 30, 2023
One rather sad truth that I know to be true for all of my distillery clients… When a shopper looks at a bottle of their spirits on the shelf, they have no idea how much it costs to produce that bottle. Another sad truth? That…
Fractional CFO Firm vs Outsourced Accounting Service: What Does Your Organization Need?
May 28, 2023
Let’s do an imagination exercise. You have a small but growing business that is really starting to gain traction. You have had a bookkeeper for years but your needs have really started to outgrow her abilities. Increasingly, you want someone that isn’t just showing you…
The Different Stages of Business and How a Fractional CFO Can Help
April 28, 2023
Running a business can be a complex endeavor, and financial management is a critical part of that process. Think of your financials as a map that helps you get from where you are to where you are seeking to go. Imagine trying to make a…
How Machine Learning Will Disrupt Accounting Processes
February 27, 2023
How will machine learning and artificial intelligence (AI) disrupt accounting in the coming years? Learn more about this topic from KBS CFO.
Crafting a Long-Term Distillery Business Plan
December 27, 2022
The craft distillery industry has experienced numerous changes concerning legislation and taxation over the years. Congress has made a temporary tax reduction permanent, and many distilleries are benefiting from changes in regulations that allow direct-to-consumer (DTC) shipping and cocktails-to-go. Furthermore, we have seen the effects…
Virtual CFOs Vs. Other Financial Professions: A Complete Comparison
November 28, 2022
Having a successful company doesn’t seem like it could ever be a bad thing, but a growing company typically comes with new problems that require new – and often expensive – solutions. One of the things you may notice as your business continues to thrive…
How to Clearly Communicate with Your CFO
September 30, 2022
I think one of the main issues we have in the world today is poor communication. As simple as it may seem, few people know how to communicate clearly. Frankly, this can cost you a lot in your life, including your business. How do you…
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