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In these unpredictable times, a CFO is the best person to deliver the most up-to-date and relevant performance indicators. Key financial measures and decision like capitalizing on the knowledge and experience of a CFO can help firms see the big picture in the midst of upheaval. Many firms all over the world are functioning in… Continue reading Virtual CFO: Need of the hour for companies

When it comes to hiring a CFO for your company, the first thing that comes to mind is whether you should hire an in-house CFO or a virtual CFO. In a nutshell, it depends on the size and needs of your company. As a result, it is critical to first thoroughly examine the needs of… Continue reading Outsourced CFO Services vs In-House CFO: Which Is More Appropriate?

Business needs people. With the ever-changing technological landscape, it needs talent and specific skill sets for specific functions in business. The day-to-day chores of a business cannot be checked by the same person. The concept of maker and checker is crucial to the functioning and auditing of the business. In such a scenario, the positioning… Continue reading What is a good time to hire a CFO for any business?

When a small business or owner-managed companies begin out, their business needs are usually simple. What is done in the name of accounting can be categorized into bookkeeping? But as and when the time passes and the business tally the following criteria–  Increase in revenue rapidly, rise in the number of people employed by you,… Continue reading CFO For SMALL BUSINESS: A Wise Step Towards Financial Recuperation 

We live in a rapidly changing era, notably for businesses. Owning a business has never been smoother. Remember the old days when starting a business required weeks, months, and a plethora of forms. Today, you can set up a business from almost anywhere, at any time, and with relatively little effort.  The business has never… Continue reading BENEFITS OF HAVING A TAX PROFESSIONAL

Setting up a business is effortless, but running a business is challenging. Small business owners are well cognizant that they would wear numerous hats. They must stay updated on all critical business activities as well as the financial status of their company. They must constantly watch the company’s cash flow – all of the money… Continue reading 9 SIGN YOUR BUSINESS NEEDS BOOKKEEPING PROFESSIONAL SERVICE

Are you curious how a firm determines which services solution is best for their organization? Some people want to manage internally and scale services under a tight internal framework. Others add freelancers and part-time employees to their team to help with specialized tasks or growing demand. Finally, some outsource a portion of their operations, from… Continue reading Signs Your Business Is Ready For Online Accounting Services  

As the modern consumer gets more socially and ecologically aware, no good business can ignore the importance of Environmental Social Governance (ESG). ESGs are no longer the functions of a brand’s CSR department, but a full-blown part of the core company philosophy and goals. Several reports have indicated that the future is bright for businesses… Continue reading ESG Investment: A guidebook for startups to attract investors

Running a business in the modern world is not an easy task to do. As global aspirations rise, economies evolve, and the workforce looks for more holistic places to perform, the modern business community has to look beyond just creating a functional product/experience and selling it. The efforts that one puts in the backend of… Continue reading Importance of Business Process Modelling for your business

The Central Board of Indirect Taxes and Customs (CBIC) – a central body responsible for formulating policy relating to the levy and collecting of indirect taxes has announced two fundamental changes to the taxation systems, which will impact the business owners and individual taxpayers. The rules have been introduced with an aim to make the… Continue reading All you need to know about the new taxation rules starting October

Finances are the spine of any business but startups often tend to overlook this crucial aspect while focusing on other parts of establishing an enterprise. They focus on revenue generation solely, but that alone can’t decide the success of a new company. It is equally important to know how you are spending money and if… Continue reading Importance of financial management for a startup

Liquidation is the process of winding up a company’s affairs and distributing its assets to creditors and shareholders. It can occur voluntarily, through a decision by the company’s board of directors, or involuntarily, through a court order. TYPES OF LIQUIDATION There are two main types of liquidation: voluntary and involuntary. Voluntary liquidation, also known as… Continue reading ALL YOU NEED TO KNOW ABOUT LIQUIDATION

Business valuation is the process that determines the economic value of a company or business. It is one of the most important steps in the process of buying or selling a business, raising capital, or making strategic decisions. Components of business valuation checklist The ultimate business valuation checklist should include the following key components: Financial… Continue reading The Ultimate Business Checklist

Splitting equity among co-founders is an important step in the formation of a startup, as it determines each founder’s ownership stake in the company and sets the foundation for future decision-making. However, dividing equity can be a complex and sensitive process, as it involves balancing the contributions, roles, and future plans of each founder. Here… Continue reading An overview of splitting equity between co-founders

When it comes to seeking investment, it’s important to make sure you’re saying the right things. Investors are looking for entrepreneurs who are knowledgeable, passionate, and have a clear vision for the future. However, there are certain phrases that can be detrimental to your chances of getting the investment you’re looking for. Here are the… Continue reading Never Say These Things to an Investor

Standard Operating Procedures, or SOPs, are a set of documents created by businesses to ensure that the whole system follows a streamlined set of rules, processes, and procedures to drive efficiency. Ensuring you and your team are operating from a formalized, and coordinated process not only increases productivity but reduces the risk of errors. Therefore,… Continue reading 5 Steps to create an inclusive SoP

Whether it’s about getting in-depth insights into consumer behaviour or optimizing internal business processes, data analysis forms the bedrock for business success in modern times. There is nothing that data can’t achieve if sorted, read, and appropriately utilized. And now, with the enhancement of modern tools and partners like Vittakosh, it has become ever easier… Continue reading How data analysis could power your business in 2023

Today, the healthcare sector is progressing at a rapid pace. Moreover, healthcare firms are becoming more and more consumer-focused and results-driven. At the same time, pharmaceutical and biotech firms are grappling with issues such as rising costs and stiff competition. Hence, we at Felix Advisory work in coherence with leading pharma companies, dental care chains,… Continue reading How Healthcare industry can benefit from CA & Accounting services

Before taking a trip or starting your day, you have a plan. This plan is based on your budget, environmental conditions, things-to-do list, time duration, etc. Imagine not charting a plan for the day- you will be late to meetings, miss out on lunch, forget to carry an important document and be all flustered throughout… Continue reading Data Analytics & Monitoring – the first step towards a successful business

New businesses usually face the heat of the scorching heat that is entrepreneurship. About 90% of start-ups fail, so, it becomes essential to tread lightly and get all the support possible. To have a Start-up Advisor can be the Godfather you look up to for honest opinions and guidance. You are offered prudent expertise and… Continue reading 6 ways Start-up Advisory services contribute towards the growth of a new business

Regardless of their functional specialties, all firms make an effort to provide the highest possible quality goods and services. To keep a competitive advantage and keep their customers happy, this is crucial. This is where SOP plays a part. We will examine every facet of the subject in this post and determine the value of… Continue reading The Significance of SOP’s in Healthcare Industry:

The implementation of an enterprise resource planning (ERP) system can be a challenging project with implications for many areas of the company. A well-thought-out implementation strategy is essential for any significant undertaking. To achieve the greatest amount of success, divide your implementation into stages, each with distinct goals. What is an ERP Implementation Plan? An… Continue reading 5 KEY PHASES OF AN ERP IMPLEMENTATION PLAN:

Startups can now easily enter worldwide markets as soon as they are launched. Immediate product acceptance is made possible by modern technology. Additionally, early organic global traction is possible. Startups must design a plan for systemically expanding their firm from a local market to any number of worldwide markets in order for this to materialise.… Continue reading 3 Reasons You Need Startup Advisory:

Companies of financial sector are under stress globally to increase compliance and credibility with regard to governance and governance problems. Customers and the general public are also exerting pressure on financial services brands as a result of subpar lending and compliance processes, which has resulted in a decline in consumer confidence in these companies and… Continue reading TOP 5 COMPLIANCE CHALLENGES IN THE FINANCE INDUSTRY

Starting a new business is exciting, but it can also be challenging. One of the most important aspects of starting a new business is creating a financial plan. Financial projections help you to understand the financial health of your business and make informed decisions about how to allocate resources. In this blog, we will discuss… Continue reading Financial Guide for starting a new business

Starting a new business venture can be an exciting but challenging task. One of the most important aspects of running a successful startup is managing payroll. Payroll management can be a tedious task that demands attention to detail and compliance with laws and regulations. In this blog post, we will highlight five common payroll mistakes… Continue reading Payroll for Startups :5 mistakes to avoid

A Chief Financial Officer (CFO) is an essential part of any organization. The CFO is responsible for managing the company’s finances, developing financial strategies, and ensuring the organization’s financial stability. A smart CFO can make a significant difference in the success of a company. In this blog post, we will discuss five strategic questions that… Continue reading 5 strategic questions to know if you hired a smart CFO

Starting a business is an exciting journey, but it can be overwhelming, especially when it comes to managing finances. Without proper financial planning, a startup may fail to achieve its goals or even run out of money before achieving profitability. Therefore, it’s crucial to have a solid financial plan in place and consider the help… Continue reading Is it important to consider a financial advisor for every startup?