The Scalable CFO

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

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! ow.ly/ugYJ50HgcEH

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 ow.ly/2xqo50Ha8qT #values

Golden Nugget #2 – Your inner saboteur and how to manage it ovrthrive.com/podcast/golden…

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

With best wishes from all of us at The Scalable CFO! #Eidmubarak #success #smallbusiness #Finance #Accounting #Bokkeeping #thesimplestwayforyourbusinesstomanage bookkeepingandfinance #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 cfodive.com/news/5-cfo-tip…

📚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 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 (2/2)

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)

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

Depreciation Formula for the Straight Line Method: Depreciation Expense = (Cost – Salvage value) / Useful life 2/2

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. 1/2

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

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

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): corporatefinanceinstitute.com/resources/know…

Motivational Monday. Nurture and care for your mind🌱

🤝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? cfodive.com/news/how-cfos-…

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 forbes.com/sites/allbusin…