By: Jeff Heybruck Selling a business is more than a financial transaction. It’s a culmination of years of sacrifice and personal investment. …
Five Key Insights from My First Year as a Fractional CFO for Small Businesses
By: Saxby Morehead Transitioning from auditing large publicly traded companies to serving as a fractional CFO for privately owned small businesses has …
Should I Use The Same Company for CFO and Bookkeeping Services or Keep Them Separate?
by Lucrum Staff Is your company considering outsourcing fractional CFO and bookkeeping services to two different companies? Using a single provider for …
Do I Need a Fractional CFO, Interim CFO or Part-Time CFO? What’s the Difference?
by: Lucrum Staff As a business scales, it reaches a point where more financial expertise is needed than existing resources can provide. …
Cash Flow Forecasting 101 (and Tips for Organizations Using QuickBooks)
By: Jeff Heybruck Forecasting cash flow is one of the most difficult but impactful planning exercises a business owner can undertake. There …
Comprehensive Year-End Accounting Checklist
By: Jeff Heybruck Fall is an opportune time for businesses to get 2023 financial documents in order and plan strategically for the …
How To Score & Rank Your Customers: Stratifying A Client Base
By: Jeff Heybruck Not all clients are created equal. Some are more profitable than others, and some are just plain difficult to …
Counterintuitive Small Business Advice
by: Jeff Heybruck Sometimes the best advice isn’t the most obvious. Our CFOs have learned a thing or two about how to …
5 Signs You’re Ready for a Fractional CFO
By Jeff Heybruck Thinking about hiring a fractional CFO, but not sure if the business is ready? While there’s no magic business …
How To Run A Business In the Face of Rising Interest Rates
by Jeff Heybruck Beginning in 2008, financial crises drove down interest rates to just above 0%. Now, for the first time in …
Owner’s Draw vs. Salary : How Should I Pay Myself & What Are The Tax Implications?
By: Jeffrey Heybruck We’ve seen a lot of confusion around the concept of an owner taking a draw from the company, what …
8 CFO Tips for Annual Budget Management
By: Lucrum Staff New year, new budget. Now what? Creating an annual budget serves as a firm foundation, but effective budget management …
Buying An Electric Vehicle Through A Company: Frequently Asked Questions (FAQs)
by Bailey McRae Considering buying an electric vehicle through your company? With more and more companies like Amazon investing in electric delivery …
Small Business Use of Vehicles FAQ: ‘Ask The Experts’
By: Lucrum StaffNovember 2022 This is our fifth installment of our ‘Ask The Experts’ series (check out our first, second and third …
Cost Benefit Analysis for Small Businesses: Ask the Expert
In this ‘Ask The Expert’ interview, Lucrum CEO Jeff Heybruck explains the importance of cost benefit analysis to small business owners. Read …
What is a Fractional CFO & How Do CFO Services Work?
What is a Fractional CFO? A fractional Chief Financial Officer (CFO) is a part-time resource with extensive industry experience that is contracted …
6 Smart Ways For Brewers To Leverage Cashflow Projections for Business Planning
By: Jason AlexanderUpdated May 2022 We’ve all heard the old adage that cash is king. But brewers are often more focused on …
4 Ways to Increase Revenue
By: Jeffrey HeybruckUpdated April 2022 Ready to hit the next revenue milestone? Our team of CFOs have compiled a list of strategic …
Understanding Cost of Goods Sold (COGS)
The Account on the Income Statement called Cost of Goods Sold (COGS) can be confusing to non-accountants. In this article, we’ll attempt …
CFO Firm Benefits vs. Independent CFO
If you have decided to outsource strategic financial help for your company, you still have an important question left to answer. Will …
Driving & Navigating Growth: How Virtual CFO Services Help Small Businesses Grow
By Jeff Heybruck January 2021 Every milestone in small business growth comes with a series of decisions and calculations that can be …