For startup food, beauty, and natural product companies that are interested in outsourcing their manufacturing, choosing the best partner is a critical decision that can impact their long-term success. Outsourced manufacturing — often referred to as co-packing, co-manufacturing, or [...]
A cash flow statement is an important tool that management should review on a consistent basis to gain valuable insights into the company’s financial health and identify emerging or potential problems. Cash flow statements help you understand your company’s [...]
Effective inventory management and communication between companies are critical factors in successful co-packing collaborations – which is why we are excited about Wherefour’s latest release that adds a new level of visibility to help food companies and co-packers work [...]
On Friday afternoon, the SBA released additional guidance on several key elements related to PPP forgiveness, as well as a PPP Loan Forgiveness Application. Some areas that have been better defined, include: Alternative Payroll Covered Period Added For payroll [...]
One of the most attractive elements of the Small Business Administration’s Paycheck Protection Program (PPP) is the potential forgiveness of funds advanced that small business owners use for payroll and other eligible expenses. Obtaining that forgiveness, however, may not [...]
If you've secured funding from the Paycheck Protection Program – now is the time to get a head start on gathering the documents you'll need to apply for forgiveness. Our checklist provides: A quick overview of what to expect [...]
For a lot of small to mid-size manufacturing and distribution businesses, there’s a conundrum looming over the accounting department. Often, these departments consist of just a few accountants, possibly a controller or accounting manager. Typically the business owner serves [...]
In a survey that asked 2,300 organizations about their month-end close, the bottom 25% needed 10+ days to finish, while the top 25% needed 5 days or less. So, where do you fit on that spectrum? No matter what [...]
Here’s a simple question: Would you rather continue to manage accounts payable manually or put the whole process into an automated workflow? Considering the amount of time that’s consumed by staff and other resources in the AP process, most [...]
A new era of food safety is on the horizon, and the FDA is looking into technology and innovative approaches to solve some of the most significant food safety challenges in established and emerging markets. In its recently released [...]
