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MCDA Daily
Your daily business tips
Managing Financial Risk in Volatile Supply Chains
In 2026, supply chain volatility continues to challenge organizations across industries. Geopolitical shifts, fluctuating commodity prices, labor shortages, and technological disruptions have all contributed to an environment where even minor disruptions can ripple through costs, cash flow, and profitability. For finance and operations teams, managing this volatility is no longer optional—it’s essential. Understanding financial risk in supply chains requires both a forward-lo
Understanding Work-in-Progress: How WIP Impacts Financial Statements and Cash Flow
For many organizations, particularly in manufacturing, construction, or project-based industries, work-in-progress (WIP) is more than just an internal operational metric—it directly affects financial visibility and cash flow management. In 2026, as businesses navigate tighter margins, complex projects, and dynamic supply chains, understanding WIP’s financial implications is essential for both strategic planning and day-to-day decision-making. What Is Work-in-Progress? Work-in
Knowing When It’s Time: Signs to Upgrade HR or Accounting Processes in 2026
In 2026, business functions like HR and accounting are more than operational necessities—they are strategic foundations. When processes lag behind the pace of growth, technology, or workforce expectations, the impact can ripple across efficiency, compliance, and employee experience. Recognizing when it’s time for an upgrade is often less about major crises and more about subtle signals that day-to-day operations are no longer optimized. Below are the key signs organizations s
The Hidden Financial Costs of Founder Burnout
Running your own business is one of the most rewarding things you can do — but let’s be honest: it’s also exhausting. Long hours,...
Jul 10, 20253 min read
Your Accountant Shouldn't Just File Taxes—They Should Think Like a Partner
For many small business owners, accountants are often seen through a narrow lens—primarily as tax preparers. But in today’s fast-moving...
Jul 9, 20253 min read
From Bookkeeper to CFO: Building the Right Financial Team
In every successful business, there comes a point when financial tasks become more complex than simply tracking income and expenses. As...
Jul 7, 20253 min read
Virtual CFO vs. Traditional CFO: What’s the Difference?
As businesses grow in complexity and ambition, so does the need for strong financial leadership. Whether it's managing cash flow,...
Jul 4, 20253 min read
The ROI of Hiring a Virtual CFO: Strategic Financial Leadership Without the Overhead
In today’s fast-paced, digitally connected business environment, strategic financial insight is no longer a luxury—it’s a necessity. Yet,...
Jul 3, 20253 min read
Managing Vendor Relationships Through Smart Accounts Payable Practices
Introduction Strong vendor relationships are more than just good business etiquette—they’re a strategic asset. In today’s competitive...
Jul 2, 20253 min read
Maximizing Cash Flow: Strategic Ways to Improve Accounts Receivable Operations
Introduction In today’s dynamic economic climate, maintaining healthy cash flow is not just a financial goal—it's a survival imperative....
Jul 1, 20253 min read
The Cost-Benefit of Hiring a Virtual CFO vs. a Full-Time CFO
When your business starts growing—fast or steadily—there comes a point when the numbers get too complex for a bookkeeper or generalist to...
Jun 30, 20253 min read
How to Use Your Income Statement to Drive Business Growth
The income statement—also known as the profit and loss (P&L) statement—is often viewed as a snapshot of a business’s financial...
Jun 24, 20253 min read
What to Look for When Hiring a Virtual CFO
For many growing businesses, the financial expertise of a Chief Financial Officer (CFO) can be transformative—but not every company is...
Jun 19, 20253 min read
Common IRS Red Flags: How to Avoid a Business Tax Audit
Tax season is rarely a favorite time for business owners, and one of the primary concerns—aside from paying what’s owed—is avoiding an...
Jun 17, 20253 min read
Why DIY Bookkeeping Is Costing You More Than You Think
As small businesses strive to cut expenses and maintain lean operations, many owners turn to do-it-yourself (DIY) bookkeeping as a way to...
Jun 12, 20253 min read
5 Red Flags in Your Financial Statements You Shouldn’t Ignore
Reading your company’s financial statements might not be the most thrilling task—but overlooking the numbers can cost you. Financial...
Jun 11, 20253 min read
Understanding Profit Margins: Are You Charging Enough?
For many business owners and entrepreneurs, one of the most critical questions—and challenges—is whether their pricing strategy truly...
Jun 5, 20253 min read
Saving on Taxes: Essential Tips for Small Businesses
As a small business owner, one of the most important aspects of managing your company is ensuring you’re on top of your tax...
May 26, 20254 min read
Common Compensation Mistakes That Could Lead to Legal Risk
When it comes to employee compensation, even well-intentioned businesses can run into legal trouble — not because of deliberate...
May 19, 20253 min read
Why Accurate Financial Reporting Matters (More Than You Think)
In business, clarity is power — and nowhere is that more evident than in financial reporting. While many see financial statements as...
May 16, 20253 min read
Common Bookkeeping Mistakes and How to Avoid Them
Effective bookkeeping is the backbone of any successful business. However, even seasoned entrepreneurs can fall into common traps that...
Apr 23, 20253 min read
When and How to Hire a Fractional CFO
For many small and mid-sized businesses, the idea of hiring a full-time Chief Financial Officer (CFO) can feel like a distant...
Apr 18, 20253 min read
Zero to Launch: How to Start Something Before You Feel "Ready"
“If you wait until you’re ready, you’ll be waiting forever." Sound familiar? As a student, aspiring founder, or first-time entrepreneur,...
Apr 15, 20252 min read
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