Rigits Blog Articles

This blog includes 70+ bookkeeping and accounting articles about mastering and utilizing your financials for growth, like…

  • Guides on financial terms, statements and concepts
  • Accounting & bookkeeping software, books, and tools
  • How to find local bookkeepers, accountants and fractional CFOs

Start browsing, learning, and implementing these insights to grow your business.

How to Calculate the Current Ratio

What is the current ratio? It’s simply your company’s current assets divided by its current liabilities. Why does this matter, you might be wondering? Well, we are going to go into that now: why knowing your current ratio is crucial and how being knowledgeable about  it can help you manage your business finances more effectively.

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The Small Business Owner’s Guide to Acquiring a Business

Buying another company can help small business owners grow quickly, reach new customers, and improve how they operate. However, it also brings challenges like financial pressure, difficulties in combining the two businesses, and differences in workplace culture.  It’s important to understand how to buy a business to handle these issues well and this article can

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CFO Reports for Small Businesses

Introduction CFO (Chief Financial Officer) reports are in-depth reports that show a variety of trends, metrics, and ratios that forecast and explain the financial performance of a company. This guide explains some of the basic CFO reports that a small business owner would use to understand their financial performance.   This guide is also related to

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What is a Virtual CFO?

A virtual CFO (Chief Financial Officer) provides expert financial advice and services remotely, offering a cost-effective solution for small businesses needing strategic financial guidance without the overhead of a full-time CFO. This article will explore how a virtual CFO can transform your business’s financial health, the services they offer, and how to decide if it’s

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How to Value a Small Business

Figuring out what your small business is worth can be tricky, but knowing its value is crucial, whether you’re selling, seeking investment, or planning for the future. We’ll walk you through how to do just that, touching on methods from cash flow analysis to comparing similar businesses. This guide is also related to our articles

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Zero-Based Budgeting with Examples

Zero-based budgeting starts every budget from scratch, asking you to justify each dollar you plan to spend. It’s a method that can uncover inefficiencies and allocate resources more effectively. We’ll explain how zero-based budgeting works, its benefits, and how to implement it in your small business for better financial control. This guide is also related

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The Essentials of Business Budgeting

Creating a budget is vital for small business owners looking to steer their business towards growth while keeping a tight grip on finances. A solid budget helps you plan for the future, manage cash flow, and make informed decisions. This article will cover why budgeting is essential, how to create a realistic budget, and ways

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Financial Ratios Formulas: Examples & Cheat Sheet

Financial ratios give you tools to understand your business in a simple, direct way.  While they don’t give a complete picture of your business, they’re very useful to, outline strengths and weaknesses, gauge financial health & evaluate profitability.  This guide is also related to our articles on understanding the return on assets formula, how do

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Understanding the Return on Assets Formula

You’ve found our guide to understanding, measuring, and improving Return on Assets! Return on Assets (ROA) is an important financial metric that measures a company’s ability to generate profit from its assets.  Understanding and optimizing ROA can impact your business’s efficiency and profitability, making your business more attractive to lenders, investors, or buyers. In this

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19 Top Fractional CFOs

Here is our list of the best fractional CFOs.  Fractional CFOs, or chief financial officers, are highly skilled finance leaders who provide business leaders with strategic financial and operational support for their companies. Fractional CFOs typically work on a part-time or per-contract basis. The purpose of this list is to provide high-rated fractional CFOs around

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Calculating the Current Ratio

Liquidity, or the ability to meet short-term obligations, is the lifeblood of your small business. Just like a plant needs water to thrive, your business requires enough liquid assets to cover its immediate liabilities. Without this, even the most promising business can find itself in hot water.  This guide is designed to explain the concept

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