Ava Mitchell, Author at Atif CPA.

Forecast vs. Projection: 10 Critical Factors to Consider in Financial Planning

Financial planning is a crucial aspect of any business, and understanding the nuances Forecast vs. Projection is vital. Both tools are used to anticipate future financial performance, but they serve different purposes and are based on different methodologies. In

Part-Time CFO: 10 Strategies to Maximise Profitability

As businesses navigate through competitive markets and economic uncertainties, the expertise of a Chief Financial Officer (CFO) becomes invaluable. However, not every business can afford or needs a full-time CFO. A part-time CFO can provide the necessary financial leadership

Accounting Cycle Definition: 10 Essential Phases Explained

Understanding the accounting cycle definition is fundamental for anyone involved in financial management. The accounting cycle ensures that all financial transactions are recorded accurately and systematically, leading to the preparation of reliable financial statements. In this comprehensive guide, we

Interim CFO Services: 9 Strategies for Navigating Financial Challenges

In today's dynamic business environment, companies often face financial challenges that require immediate and strategic responses. Interim CFO services can provide the expertise and leadership necessary to navigate these turbulent times. This article explores nine strategies that interim CFOs

Accounts Receivable Outsourcing Services: 10 Best Practices for Efficiency and Cost Savings

Managing accounts receivable (AR) efficiently is crucial for maintaining healthy cash flow and ensuring the financial stability of a business. Many companies are turning to accounts receivable outsourcing services to streamline operations, reduce costs, and enhance overall efficiency. This

Controller or Comptroller: 9 Career Pathways and Opportunities in Finance

In the complex world of finance, the roles of controller or comptroller are often essential yet misunderstood. These professionals ensure the financial health of organisations, both in the private and public sectors. This article explores nine distinct career pathways

Accounts Payable Outsourcing: 10 Steps to a Successful Outsourcing Strategy

Outsourcing accounts payable (AP) functions can be a strategic move for businesses looking to streamline operations, reduce costs, and improve efficiency. However, to ensure a successful outsourcing strategy, careful planning and execution are essential. In this comprehensive guide, we

QBID: Qualified Business Income Deduction – 10 Tips for Accurate Calculations

The QBID: Qualified Business Income Deduction, introduced by the Tax Cuts and Jobs Act of 2017, offers a significant tax break for eligible businesses. Understanding and accurately calculating this deduction can save you a substantial amount on your taxes.

Bookkeeping Outsourcing: 10 Advantages You Need to Know

Outsourcing bookkeeping services has become increasingly popular among businesses of all sizes. As companies look for ways to streamline operations and reduce costs, outsourcing non-core functions like bookkeeping has proven to be a beneficial strategy. In this article, we'll

Cash Flow Statement: 9 Best Practices for Accurate Reporting

A cash flow statement is a vital financial document that provides insights into the cash inflows and outflows of a business over a specific period. Accurate reporting ensures businesses can effectively manage their cash flow, make informed decisions, and

Author: Ava Mitchell