Cash Accounting vs. Accrual Accounting

Do you know how your books and records are accounted for? Many bookkeepers will use a simple cash-based accounting system that ensures that transactions are recorded when cash outflows or inflows occur. Yet, generally accepted accounting principles do not include cash-based recording. Accrual accounting is what’s required by financial

By |2024-06-06T09:23:02-06:00May 29th, 2024|DISCUSSIONS|0 Comments

Financial Literacy

Chances are you or your team lack it! Here’s how you can test that bold claim: How many employees, or at least managers, have read your latest financials? Wait - do you have financials? Do you release them to those running your business? How many employees, or at least

By |2024-03-16T22:14:01-06:00March 18th, 2024|DISCUSSIONS|0 Comments

An Idealist Story: When You Know You Need a CFO

At Amplify, we are growth consultants and an epic team of business leaders that help clients navigate all areas of their growth.  But let's get to the heart of the matter - we are CFOs.  When do you Need a CFO?  Some call our perspective idealistic, but we built

By |2023-12-12T10:05:38-07:00December 12th, 2023|DISCUSSIONS|0 Comments

Best Practices for Budgeting

Budgeting can be a daunting task! You look at putting best practices, like budgeting, into your business and it can feel like starting at the bottom of a mountain with a lot to climb and tackle. We know the budgeting efforts pay off because they help us: - measure

By |2023-09-25T22:17:34-06:00September 26th, 2023|DISCUSSIONS|0 Comments

Piloting Financial Management – Budgets

Small businesses play a vital role in the economy, but they often encounter unique financial management challenges. Particularly, during uncertain times, such as economic downturns or unexpected crises, managing finances becomes crucial for their survival and growth. Let's explore a process that can make a big difference. Budgeting is

By |2023-09-15T10:51:32-06:00September 13th, 2023|DISCUSSIONS|0 Comments

What is the Difference Between a CFO & a Controller?

There can be a few things, but here are two to consider if you are gunning for the top job: First ☝️ 👩‍🦳 Experience - you can’t always rush it, but something must be said about good old-fashioned experience. While we all strive to make data-driven decisions

By |2023-08-14T16:39:01-06:00August 14th, 2023|DISCUSSIONS|0 Comments

Finance Strategy and Clarity Leads to Profitable Growth

A clear financial plan is the key to profitable growth that scales. Strategy and Clarity with Finance Leaders We can help make sense of business complexities and identify new opportunities for profit. From brewing to overseas business, one of our newest CFOs has true diversity in industries,

By |2022-07-22T11:45:15-06:00July 22nd, 2022|Intro to our Epic Team|0 Comments
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