The Scalable CFO

Flexible CFO services for ambitious companies. We'll take you on an insightful journey into your numbers through meaningful collaboration focused on your vision

[The Scalable CFO @TheScalableCFO]

Merry Christmas & Happy 2022! Photo cred: Khadeeja Yasser – a scholarship awarded student with a record of straight A's, beginner coder, photographer, writer, and keen reader. We celebrate those that dare to create value. Thank you for your support. 

#christmas #business #UAE

[The Scalable CFO @TheScalableCFO]

In our conversation with @SallyannDC, CEO of @Gleacskills, she reflects on how she was able to get the valuation she deserves. What are the metrics that you fight for in your business? Watch below or hear now on ApplePodcast and Spotify!
https://t.co/lLEiZVVrey

[The Scalable CFO @TheScalableCFO]

Our second nugget with @SallyannDC of @Gleacskills is out today! In this second episode, Sallyann reflects on how she chose to respond to her saboteurs, and how they ironically led her to where she is today.
Watch below or hear now on ApplePodcast https://t.co/E2lGRH6TCc #values

[The Scalable CFO @TheScalableCFO]

Golden Nugget #2 – Your inner saboteur and how to manage it https://t.co/i0gkXJywJW

[The Scalable CFO @TheScalableCFO]

Our very first podcast series #theaduacitytocreatevalue hosted by @TheScalableCFO is out today! We'll be uncovering deep thoughts and lessons on value systems with the incredible @SallyannDC , founder of @Gleacskills a human skills AI platform. We hope you enjoy! #AI #values

[The Scalable CFO @TheScalableCFO]

With best wishes from all of us at The Scalable CFO!

#Eidmubarak #success #smallbusiness #Finance #Accounting #Bokkeeping #thesimplestwayforyourbusinesstomanage bookkeepingandfinance #thescalablecfo

[The Scalable CFO @TheScalableCFO]

5 CFO tips for limiting harm from inflation

1. Issue debt
2. Buy goods and services at today’s prices
3. Hedge against a falling dollar
4. Cushion your company’s portfolio
5. Learn from the pandemic

https://t.co/TWyh9yvxRi

[The Scalable CFO @TheScalableCFO]

📚7 bookkeeping tips for small businesses

1. Keep records of every payment
2. Be strict with deadlines
3. Keep track of expenses
4. File bank statements and invoices in order
5. Choose suitable software
6. Produce monthly reports
7. Know when to outsource your bookkeeping

[The Scalable CFO @TheScalableCFO]

The formula for the units-of-production method:

Depreciation Expense = (Number of units produced / Life in number of units) x (Cost – Salvage value)

#howto #financebasics #smallbusiness
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[The Scalable CFO @TheScalableCFO]

No.3: Units of Production Depreciation Method

The units-of-production depreciation method depreciates assets based on the total number of hours used or the total number of units to be produced by using the asset, over its useful life.

#howto #financebasics #smallbusiness
(1/2)

[The Scalable CFO @TheScalableCFO]

Must read!

[Step @stepconference]

Is there more to learn from a failed startup's challenges than the one which found success?

< THREAD >

[The Scalable CFO @TheScalableCFO]

You are always a student in this life. Keep learning so we can continue to make big changes to this world✨🌎

#Nelsonmandela #Inspiration #Powerfulpeople

[The Scalable CFO @TheScalableCFO]

Depreciation Formula for the Straight Line Method:

Depreciation Expense = (Cost – Salvage value) / Useful life

2/2

[The Scalable CFO @TheScalableCFO]

How to: Straight-Line Depreciation Method

Straight-line depreciation is a very common, and the simplest, method of calculating depreciation expense. In straight-line depreciation, the expense amount is the same every year over the useful life of the asset.

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[The Scalable CFO @TheScalableCFO]

Success doesn't come from what you do occasionally, it comes from what you do consistently. - Marie Forleo

#consistencyiskey #motivation #positivity

[The Scalable CFO @TheScalableCFO]

Depreciation expense is used in accounting to allocate the cost of a tangible asset over its useful life. In other words, it is the reduction in the value of an asset that occurs over time due to usage, wear and tear, or obsolescence.

#financeknowledge #themoreyouknow

[The Scalable CFO @TheScalableCFO]

What Are the Main Types of Depreciation Methods?

The most common depreciation methods include:

Straight-line
Double declining balance
Units of production
Sum of years digits

(Source):
https://t.co/tbcansIkTh

[The Scalable CFO @TheScalableCFO]

Motivational Monday.

Nurture and care for your mind🌱

[The Scalable CFO @TheScalableCFO]

🤝How CFOs and CEOs collaborate best

Both executives want strong performance, but the CEO often focuses on opportunities and potential, while the CFO emphasizes realism and honest risk assessment.

How does the partnership work best?

https://t.co/h5EOjXhzMe

[The Scalable CFO @TheScalableCFO]

5 Personal Finance Tips For Small Business Owners

1. Build an emergency fund
2. Manage your personal credit
3. Save for retirement
4. Invest appropriately for your risk tolerance
5. Seek professional help

https://t.co/kDSMTXMqrF