FINCORE

Exciting Announcement: Our New Office in Ahmedabad! We are thrilled to announce the opening of our new office in Ahmedabad, marking a significant milestone in our journey of excellence and expansion. With this new facility, we are enhancing our capabilities in outsourcing services, specializing in US Accounting & Taxation as well as Business Process Management (BPM). Our dedicated and highly qualified team is well-equipped to handle a wide range of outsourcing assignments, ensuring accuracy, compliance, and efficiency. We leverage industry best practices and cutting-edge technology to provide seamless support for businesses looking to streamline their operations, reduce costs, and enhance productivity. Our Key Services Include: ? US Accounting & Taxation Outsourcing: ? Bookkeeping & financial reporting ? Tax preparation & compliance ? Payroll processing ? Audit support ? Business Process Management (BPM): ? Financial process outsourcing ? Data entry & document management ? Customer support services ? Process automation & optimization We are committed to delivering high-quality results within strict deadlines, ensuring that our clients receive the best outsourcing solutions tailored to their business needs. With our expertise and client-centric approach, we aim to become a trusted partner in driving operational efficiency and business growth. For inquiries or collaboration opportunities, feel free to connect with us at https://lnkd.in/dVg729bh [email protected] +1(281)638-9737

It’s Shocking to See. The same mistakes, over and over again. Companies fail not because of market downturns or fierce competition. But because CEOs keep repeating the same avoidable errors. I’ve seen it countless times. So what separates the great CEOs from the rest? They anticipate mistakes and learn how to avoid them. Get my strategic cash flow checklist and start making better business decisions. https://bit.ly/4fp2eUr Here are 20 of the most common CEO mistakes—and how to fix them before it’s too late: ?? 1. Ignoring Cash Flow Solution: Implement regular cashflow forecast to avoid liquidity crises. ?? 2. Lack of Strategic Vision Solution: Develop and regularly update a 3-5 year strategic plan to guide growth. ?? 3. Poor Leadership Solution: Invest in leadership development and foster feedback-driven culture. ?? 4. Ignoring Market Trends Solution: Stay ahead with market research to adapt the business model. ?? 5. Overexpansion Solution: Ensure expansions are backed by solid financials and infrastructure. ?? 6. Ignoring Customer Feedback Solution: Use structured feedback systems to align products with customer needs. ?? 7. Poor Financial Management Solution: Upgrade financial acumen and ensure CFO office drives business vision. ?? 8. Lack of Innovation Solution: Invest in R&D to stay competitive and maintain relevance. ?? 9. Ignoring Competition Solution: Conduct regular competitor analysis to protect market share. ?? 10. Poor Communication Solution: Hold regular all-hands meetings to ensure alignment and clarity. ?? 11. Neglecting Employee Morale Solution: Build employee engagement programs to boost productivity and retention. ?? 12. Failure to Adapt Solution: Promote agility and foster a culture ready to pivot as needed. ?? 13. Micromanaging Solution: Empower teams by delegating decision-making and responsibilities. ?? 14. Lack of Risk Management Solution: Implement a risk management framework to anticipate and mitigate threats. ?? 15. Ignoring Company Culture Solution: Align company culture with your vision to increase satisfaction and loyalty. ?? 16. Poor Decision-Making Solution: Leverage data-driven insights to avoid costly errors. ?? 17. Failure to Delegate Solution: Build trust in your team and avoid bottlenecks by sharing responsibilities. ?? 18. Ignoring Legal Compliance Solution: Regularly audit for compliance to protect against costly fines and reputational damage. ?? 19. Overreliance on Key Personnel Solution: Develop succession plans and cross-train employees to reduce risk. ?? 20. Neglecting Business Continuity Planning Solution: Regularly update continuity plans to protect against operational disruptions. The Bottom Line? Great CEOs don’t just focus on vision—they avoid the traps that derail businesses. Join thousands learning financial strategy with me and get my exclusive CEO Power Bundle: https://bit.ly/4aJq3CX ? Like, Comment, and Share to help someone. And follow Oana Labes, MBA, CPA for more.

Simplifying the budget process for small businesses can make financial management less intimidating and more effective. Here’s a streamlined approach We suggest to be adopted: 1. Identify Key Revenue Streams and Expenses ???? ? Revenue Streams: Focus on where your income comes from – product sales, services, etc. ?? ? Fixed Expenses: Rent, utilities, and other regular bills you can count on every month. ???? ? Variable Expenses: These are costs that vary, like materials or marketing, depending on your sales and needs. ???? 2. Use a Simple Spreadsheet or Budgeting Tool ???? ? A well-organized Excel or Google Sheets file can do wonders. If you want automation, try tools like QuickBooks or Wave! ???? 3. Set a Realistic Income Projection ???? ? Look at past data if you have it; otherwise, set conservative goals to stay on track. ?? ? Track sales trends as you go – the more data, the more accurate you’ll be! ?? 4. Allocate Funds for Growth ???? ? Set aside a little for marketing, new equipment, or other growth projects. ?? This investment helps you grow and not just survive. 5. Prioritize an Emergency Fund ???? ? Aim to save 3-6 months’ worth of expenses to stay steady in tough times or cover any surprises. ?? 6. Regular Check-Ins and Adjustments ???? ? Review monthly or quarterly so you can see trends and make tweaks as needed. ?? This helps you catch issues early and stay on top. 7. Use Cash Flow Forecasting ???? ? Knowing when cash will come in and go out helps you plan for expenses without running into a cash crunch! ?? This simplified process is here to make budgeting feel approachable, with small steps to stay financially fit and thriving! ???? #smallbusiness #Budgeting #cashflow #forecasting #financialmanagement

The right accounting software makes any business owner smarter and better informed. Managing the finances of a business is difficult work, especially for small business owners who have to do it all themselves. PCMag has been testing and rating accounting software for more than 20 years. Here, we list the best accounting apps for small businesses based on how easy they are to use, how much they do, and their price. Two products stand out as Editors' Choice winners: #FreshBooks for very small businesses of just one or two people and #QuickBooks Online for small to medium businesses. Read on to learn more about the best #smallbusiness #accounting software applications we think are worth using, along with everything you should know about choosing the best app for you. #CPAFirms ##USACPAFIRMS #AccountingProfessionals #TaxConsulting #Outsourcing #Quickbooksproadvisor #Quickbooks #Quickbookscertified #AccountingSolutions #FinancialAdvisors #ClientSuccess #BusinessStrategy #CPACommunity #TaxServices #CostEfficiency #ClientRelationships #AccountingOutsourcing #FinancialManagement #Profitability #ComplianceExperts #BusinessGrowth #AccountantsOfLinkedIn #CharteredAccountants #FinanceConsulting https://lnkd.in/d6Ek6vNk

True champions lead not just by skill... but by the strength of their character ?? According to Harvard Business Review, 68% of Top CEOs played college sports. Suggesting that skills from sports translate well to corporate leadership. ??Perseverence ??Consistency ??Resilience ??Patience ??Action Here are a few well-known examples: ?? ?? Boxing – The Fighter ??Leadership Style: Gritty, determined, and resilient. ??How to do it: Don’t give up in the face of challenges ??Example: Muhammad Ali – Fought in the ring and stood strong for his beliefs outside of it. ? Soccer – The Team Builder ??Leadership style: Strategic and teamwork focused. ??How to do it: Build strong teams by valuing diversity ??Example: Jürgen Klopp - known for empowerment and building strong team unity ?? Basketball – The Fast-Paced Decision Maker ??Leadership Style: Quick-thinking, adaptable, and decisive. ??How to do it: Be decisive and trust your instincts. ??LeBron James - known as a sharp decision-maker ??♀? Gymnastics – The Perfectionist ??Leadership Style: Detail-oriented and always refining. ??How to do it: Aim for refining excellence in everything ??Simone Biles: An extraordinary gymnast, Biles continues to redefine her limits ?? Tennis – The Self-Reliant Leader ??Leadership Style: Independent, focused, and disciplined ??How to do it: Build self-discipline and winning mindset ??Novak Djokovic - A model of focus and self-motivation ?? Cricket – The Strategic Leader ??Leadership Style: Patient, analytical, and a planner. ??How to do it: Plan your strategies carefully. ??Mahendra Singh Dhoni - Known for his calm, strategic thinking under pressure as India's captain. ??♀? Golf – The Precision Leader ??Leadership Style: Meticulous, calm, and detail-oriented ??How to do it: Focus on perfecting the small details. ??Tiger Woods - Renowned for his pursuit of precision ??♀? Swimming – The Consistent Performer ??Leadership Style: Consistent, disciplined, and powerful ??How to do it: Focus on consistent daily habits ??Michael Phelps – His Olympic success was built on relentless practice and discipline. ?? Ice Hockey – The Agile Leader ??Leadership Style: Fast-moving, agile, and tactical. ??How to do it: Stay agile by anticipating changes ??Wayne Gretzky – Famous for anticipating the play and being “where the puck is going.” 12 more sports leadership styles in the carousel ?? Which type of athlete and leader are you? -------------- ?? Repost to help your network grow ?? Follow Dennis Berry for daily strategies ?? Join the Epic Entrepreneurs Cohort (Link below??)

FINCORE Accounting and Tax Solutions partners with #USCPAFIRMS to provide #outsourced #Bookkeeping #accountingServices and #taxservices. This collaboration allows firms to reduce costs while accessing specialized expertise. By outsourcing these functions, CPA firms can focus on strategic initiatives, enhancing client relationships and helping clients boost revenue and profitability. This approach not only streamlines operations but also positions firms to offer greater value to their clients. Key Benefits of Partnering with Fincore Accounting and Tax Solutions Cost Efficiency ?? Outsourcing reduces overhead costs, allowing CPA firms to allocate resources more effectively. Expertise Access ?? Gain access to a skilled team of professionals with specialized knowledge in accounting and tax. Focus on Strategy ?? Free up time to concentrate on strategic planning and client engagement rather than routine tasks. Strengthened Client Relationships ?? Enhance your service offerings, leading to improved trust and satisfaction among clients. Scalability ?? Easily adjust your accounting needs based on business growth or seasonal demands. Improved Turnaround Times ?? Efficient processes lead to quicker deliverables, keeping clients informed and satisfied. Customized Solutions ??? Tailored accounting and tax services to meet the unique needs of each CPA firm. Risk Mitigation ?? Reduce compliance risks with our expert guidance and up-to-date knowledge of regulations. Enhanced Profitability ?? Support clients in achieving their financial goals, ultimately boosting their bottom line. Flexible Availability ? Our team is available at preferred timings to align with your operational needs. Fincore boasts a team of qualified US CPAs, Chartered Accountants, ACCA members, MBAs, and well-trained accountants ready to assist you. For all your accounting and tax needs, contact Fincore Business Consulting at +1 (281) 638-9737 or email us at [email protected]. #CPAFirms ##USACPAFIRMS #AccountingProfessionals #TaxConsulting #Outsourcing #Quickbooksproadvisor #Quickbooks #Quickbookscertified #AccountingSolutions #FinancialAdvisors #ClientSuccess #BusinessStrategy #CPACommunity #TaxServices #CostEfficiency #ClientRelationships #AccountingOutsourcing #FinancialManagement #Profitability #ComplianceExperts #BusinessGrowth #AccountantsOfLinkedIn #CharteredAccountants #FinanceConsulting

50 Investing Ratios The most important Financial Ratios you should know ? Valuation Ratios ? Profitability Ratios ? Liquidity Ratios ? Leverage Ratios ? Efficiency Ratios ?? Learn everything you need to know in this free e-book: https://lnkd.in/eRnrV3ar

It's fascinating to see how the balance between fixed assets and current assets impacts a company's financial health. Understanding the nuances of each type of asset is crucial for holistic analysis. Great breakdown, Dave Ahern

What is EBITDA? Does it even matter? Here's everything you need to know about this controversial accounting metric: 1?? What is EBITDA? EBITDA stands for: ??Earnings ??Before ??Interest ??Taxes ??Depreciation ??Amortization In other words, it shows you what the company earns before costs like interest, taxes, depreciation and amortization are subtracted. 2?? How can I calculate it? EBITDA = Net Income + Taxes + Interest Expense + Depreciation & Amortization OR EBITDA = EBIT + Depreciation & Amortiziation 3?? EBITDA margin You can easily calculate the EBITDA Margin as follows: EBITDA margin = EBITDA / Revenue You want most revenue to be translated into EBITDA 4?? Adjusted EBITDA versus EBITDA A lot of companies also use the Adjusted EBITDA instead of EBITDA. Adjusted EBITDA removes one-time, irregular, and non-recurring items that distort EBITDA. This will result in a higher figure. 5?? EBITDA is NOT the same as Free Cash Flow In general, free cash flow is a way more reliable metric than EBITDA. Free Cash Flow shows you what a company REALLY earns in cash after deducting all expenses. 6?? What's all the fuss about? Charlie Munger once said the following: "I think that, every time you see the word EBITDA, you should substitute the words bullshit earnings." But why? The issue with EBITDA is that it removes real expenses. That's why I would never look at EBITDA to analyze a company. __ ?? Grab the PDF in high resolution here: https://lnkd.in/ezURWYas

CfFA Cheat Sheet All the Financial Ratios you'll ever need: ? Activity Ratios ? Liquidity Ratios ? Solvency Ratios ? Profitability Ratios ? Valuation Ratios ? Segment Ratios ? Performance Ratios Grab the full E-book in high resolution here: https://lnkd.in/eSdNEnmp