Blog
Tag: Expenses
How Experienced CFOs Manage Technology Expenses
These days there are many facets of technology spending to evaluate – everything from software subscriptions and ongoing infrastructure to new AI investments and increasing…
What is The Difference Between COGS and SG&A?
As fractional CFOs (Chief Financial Officers) we get a lot of questions about COGS (Cost of Goods Sold) and SG&A expenses from our clients. They…
Evaluating Indirect Costs for Grants
Over the last decade it has gotten harder to understand and evaluate the indirect cost rates being applied to grants. Nonprofit leadership has struggled to…
Moving Beyond a Cost Reduction Strategy
Expense reduction services and cost reduction consultants have been extremely busy over the last year as organizations scrambled to overcome pandemic-related barriers and an overall…
Is It Time to Downsize Your Business?
Downsizing is never a light topic to broach, but for businesses that are financially compromised or experiencing a reduction in demand, it is important to…
Understanding Nonprofit Functional Expense Allocation
Nonprofit organizations are required to report functional expenses either in footnotes, the Statement of Activities (SOA), or a separate Statement of Functional Expenses (SOFE). The…
Vendor Management: Pay Now or Pay Later?
Effective cash flow management requires careful control of both money coming in and going out. While practices like shortening payment terms, offering variable pricing, and…
Accounting is a Team Sport
Repeat after me… Accounting is a team sport.” This has been my mantra for the past 30 years and it’s as important and true now…