Looking at financials with a spyglass

The Advantages of Monthly vs. Quarterly Financial Statements

In the fast-paced world of business, a lot can change in just a few weeks, let alone three months. Reviewing financial statements quarterly may seem manageable at first, but when business picks up or unexpected Read More

Kirsch CPA Group

Feb 12, 2025

Nonprofit food service

Should Your Nonprofit Use Quarterly or Monthly Financial Statements?

The complex accounting demands of running a nonprofit organization can quickly outgrow the resources available to manage them. While many nonprofits have a need for two or three full-time employees to manage financial and accounting Read More

Katie Keller

Dec 20, 2024

Financial bar chart

5 Gaps that Can Distort Your Monthly Financial Visibility

Monthly financial statements are the cornerstone of a thriving business. Yet, relying solely on cash basis accounting practices – such as entering deposits and bills into QuickBooks - may leave significant gaps in your financial Read More

Nick Roell

May 02, 2024

Man reviewing monthly financial statements

What You’re Missing If You’re Not Getting Good Monthly Financials

Many small and mid-size business owners think they are getting the monthly financials they need to make good decisions and maintain a source of transparency into the health of their business. However, there is a Read More

Nick Roell

Mar 12, 2024

Kirsch Swoosh

Frequently Asked Questions

How can I manage cash flow better?

Good cash flow management and forecasting are essential for maintaining the financial health of your business. Having a rolling 12-month forecast of revenues and expenses helps you proactively avoid shortfalls and capitalize on opportunities. Learn more >

How can my business benefit from outsourced CFO services?

Outsourced CFO services, also known as fractional or virtual CFO services, let small and mid-size businesses leverage the deep financial expertise and strategic insights needed to accelerate growth and profitability for a fraction of the cost of hiring a full-time CFO. Key offerings include profitability analysis, cash flow forecasting, KPI benchmarking, and budgeting. Learn more >

How can I ensure that I don’t pay more taxes than necessary?

Effective tax planning involves leveraging all available tax credits, avoiding unpleasant surprises, keeping up with changes in the law, and ensuring you pay only your fair share. Learn more >

How can a CPA firm increase the profitability and value of my business?

When you partner with an accounting firm that offers advisory services, you will have the clear financial visibility needed to confidently make big decisions and drive profitable growth for your business. Learn more >

What should I look for in an outsourced accounting firm?

Growing a business requires more than tax preparation and basic accounting services. You need a holistic and forward-looking approach to your financial health. For best results, look for a partner who employs a proven process and a diverse range of services tailored to optimize cash flow, increase profitability, and maximize the value of your business. Learn more >