Blog | MLHC Professional Corporation

The Blog

Stay up to date on the latest accounting tips for small businesses!

4 min read

Impact of AP and AR on Cashflow

Key Takeaways: The Impact of AP & AR on Cash Flow Aspect Accounts Payable (AP) Accounts Receivable (AR) Role Represents outgoing cash...

MLHC Professional Corporation

5 min read

Bookkeeping vs Accounting

Key Takeaways: Bookkeeping vs. Accounting Explained Aspect Bookkeeping Accounting Primary Role Records daily transactions and organizes...

MLHC Professional Corporation

4 min read

Importance of Bookkeeping for Business

Key Takeaways: Importance of Bookkeeping for Businesses Benefit Description Accurate Financial Records Maintains detailed and organized...

MLHC Professional Corporation

4 min read

Bookkeeping for Financial Decisions

Key Takeaways: How Bookkeeping Helps in Financial Decision-Making Benefit Description Accurate Budgeting Provides data to create...

MLHC Professional Corporation

3 min read

Bookeeping for Business Growth

Key Takeaways: Bookkeeping for Business Growth Benefit Description Financial Clarity Provides detailed insights into revenue, expenses,...

MLHC Professional Corporation

5 min read

What is Bookkeeping

Key Takeaways: What is Bookkeeping? Topic Summary Definition Bookkeeping is the recording and organization of a company’s financial...

Key Takeaways for Growing Your Small Business in 2024

MLHC Professional Corporation

4 min read

Key Takeaways for Growing Your Small Business in 2024

In the ever-evolving landscape of small business, staying ahead requires not only keeping pace with current trends but actively...

Understanding the Roles: Bookkeeper vs Accountant vs CFO in 2024

MLHC Professional Corporation

5 min read

Understanding the Roles: Bookkeeper vs Accountant vs CFO in 2024

Key Takeaways Table: The distinctions between a bookkeeper, an accountant, and a Chief Financial Officer (CFO) are often misunderstood,...

Empowering Business Growth: The Strategic Advantage of Hiring a Fractional CFO

MLHC Professional Corporation

5 min read

Empowering Business Growth: The Strategic Advantage of Hiring a Fractional CFO

Key Takeaways Table Key Points Details Definition A Fractional CFO is a part-time financial expert providing strategic financial guidance...

Navigating Financial Growth: A Strategic Guide for Small Businesses

MLHC Professional Corporation

6 min read

Navigating Financial Growth: A Strategic Guide for Small Businesses

In the rapidly evolving world of business, small businesses experiencing high-growth face unique financial challenges. As your business...

Why Delegating Bookkeeping Can Be a Game-Changer for Growing Businesses

MLHC Professional Corporation

3 min read

Why Delegating Bookkeeping Can Be a Game-Changer for Growing Businesses

The Role of Bookkeeping in Business Expansion Bookkeeping is essentially the process of recording and tracking all financial transactions...

Scaling Up Smartly: Essential Financial Controls for Rapid Business Growth

MLHC Professional Corporation

4 min read

Scaling Up Smartly: Essential Financial Controls for Rapid Business Growth

The Necessity of Financial Controls in Business Expansion Understanding Financial Controls: These are the guidelines and methods that...

The CFO's Roadmap: Navigating From 6-Figures to 7-Figures

MLHC Professional Corporation

4 min read

The CFO's Roadmap: Navigating From 6-Figures to 7-Figures

In the ever-evolving world of business, the journey from a 6-figure to a 7-figure enterprise stands as a significant milestone, denoting...

Mastering Cash Flow Management During Rapid Expansion

MLHC Professional Corporation

2 min read

Mastering Cash Flow Management During Rapid Expansion

Understanding and managing cash flow is essential for business leaders and financial managers. It's vital to navigate this complex phase...

Business Succession Planning: Preparing for a Smooth Transition

MLHC Professional Corporation

3 min read

Business Succession Planning: Preparing for a Smooth Transition

In the life of any business, the moment of transition in leadership is pivotal. Whether it’s due to retirement, unexpected events, or...

Choosing the Right Accounting Software: A Guide for Small Business Owners

MLHC Professional Corporation

3 min read

Choosing the Right Accounting Software: A Guide for Small Business Owners

In today's fast-paced business world, the importance of efficient financial management cannot be overstated, and this is where accounting...

The Importance of Cash Flow Management and Strategies to Optimize It

MLHC Professional Corporation

3 min read

The Importance of Cash Flow Management and Strategies to Optimize It

Cash flow, the movement of money in and out of a business, plays a vital role in a company's operations. Effective cash flow management...

Tax Deductions Every Small Business Owner (in Canada) Should Know About

MLHC Professional Corporation

4 min read

Tax Deductions Every Small Business Owner (in Canada) Should Know About

Understanding tax deductions is crucial for small business owners in Canada. By claiming eligible deductions, you can significantly...

Financial Forecasting for Small Businesses: Why It's Important and How to Get Started

MLHC Professional Corporation

4 min read

Financial Forecasting for Small Businesses: Why It's Important and How to Get Started

Financial forecasting, the process of estimating future financial outcomes based on historical data and assumptions, plays a critical...

The Pros and Cons of Different Business Funding Options: Loans, Grants, and Investors

MLHC Professional Corporation

4 min read

The Pros and Cons of Different Business Funding Options: Loans, Grants, and Investors

Funding is the lifeblood of any business, providing the necessary capital to launch, grow, and thrive in a competitive market. There are...