Insights
![CPA Consulting Expense Report](https://www.thethryvegroup.com/wp-content/uploads/2024/08/Thyrve-Separate-personal-business-expenses.jpg)
CPA Consulting: Why is it important to separate personal and business finances?
⏱️ 2 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ Many small business owners find themselves asking, “Why is it important to separate personal and business finances?” This is an important question that can safeguard your business’s financial health and make your life much easier.
![photo showing some numbers with a line and words that say The Bottom Line circled in red pencil](https://www.thethryvegroup.com/wp-content/uploads/2024/08/Thryve-top-and-bottom-line-in-business.jpg)
What is Top and Bottom Line in Business? Essential Knowledge for Success
⏱️ 2 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ In business, the “top line” refers to a company’s total revenue or gross sales. It’s called the top line because it’s the first line item on an income statement. The “bottom line,” on the other hand, refers to a company’s net income or profit. It’s the last line item on an income statement, hence the name.
![Two people mapping financial projections for the year ahead](https://www.thethryvegroup.com/wp-content/uploads/2024/07/Thryve-Financial-projections.jpg)
Mapping the Future of Your Business with Year 1 Financial Projections
⏱️ 4 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ Creating a financial projection helps you to develop a strategy and contingency plan for twists in the road.
![Person holding pen and reviewing a clipboard with financial health indicators at a desk.](https://www.thethryvegroup.com/wp-content/uploads/2024/07/Thryve-Financial-Health-indicators.jpg)
5 Financial Health Indicators That Matter for New Small Businesses
⏱️ 2 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ In the fast-paced business world, understanding your financial health is crucial for long-term success.
![Person counting money that has money scattered over desk and seems disorganized](https://www.thethryvegroup.com/wp-content/uploads/2024/07/Thryve-Can-business-owner-use-funds-for-personal-use.jpg)
The Risks and Realities of Using Company Funds for Personal Use
⏱️ 2 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ The allure of dipping into company funds for personal use can be tempting, especially for small business owners who often juggle multiple financial responsibilities.
![calculator next to money](https://www.thethryvegroup.com/wp-content/uploads/2024/05/cash-management-min.png)
Why Cash Management Matters: A Strategic Accounting Perspective
⏱️ 3 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ As a fractional CFO and strategic accountant, I’ve seen firsthand how effective cash management can be the lifeblood of any organization. It’s not just about
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The Best Financing Model for Your Small Startup: Insights for the Ambitious Business Owner
⏱️ 3 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ Small business owners often find themselves perplexed when choosing the best financial model for their startup. Is there a one-size-fits-all solution? Not necessarily, but understanding your options is the key to making a sound decision.
![calculator and pen](https://www.thethryvegroup.com/wp-content/uploads/2024/02/Thryve-Importance-of-bookeeping.jpg)
The Critical Role of Accurate Bookkeeping for Small Businesses
⏱️ 2 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ For entrepreneurs steering their small businesses, bookkeeping might sound boring and unnecessary. This article will explain why maintaining accurate books is so important to small business success.
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Start Your Business Right: Essential Bookkeeping Services to Help You Succeed
⏱️ 2 ᴍɪɴᴜᴛᴇ ʀᴇᴀᴅ Strong financial records are essential for successful startups, and as your business grows, anything short of that simply won’t cut it. In this post, we’ll