Profit and Loss Statement: Overview and Types

by Cheqly team | | Profit and Loss Statement

A well-structured profit and loss (P&L) statement is a vital accounting tool used by the finance team, VPs, managers, and CFOs to assess the financial performance of a company. This report summarizes revenue streams, business expenses, COGS (cost of goods sold), and net income over a specific period. Whether you’re managing a startup or a … Continued

Cash Conversion Cycle: How to Calculate and Improve It

by Cheqly team | | Cash Conversion Cycle

The Cash Conversion Cycle (CCC) is a key indicator that signifies how well a company manages its working capital by tracking the duration between paying for inventory and receiving cash from sales. By inspecting this cycle, businesses can gain valuable insights into their operational efficiency, liquidity, and overall financial health.  Understanding and improving the cash … Continued

Budgeting and Forecasting: A CFO’s Must-Know Guide

by Cheqly team | | Strategic Budgeting and Forecasting for CFOs

This guide will outline the crucial aspects and practical ways each CFO must be familiar with to achieve successful financial planning. What Is Budgeting and Forecasting?  CFOs are capable of making well-informed decisions and managing financial resources efficiently through the use of budgeting and forecasting, which are essential instruments for financial planning. Budgeting is creating … Continued

Understanding the 5 Cs of Credit and How to Use Them in 2025

by Cheqly team | | 5 Cs of Credit

In 2025, because of changing global interest rates and uncertain times for small businesses, it is more important than ever to have a strong credit profile when applying for credit. Many small business loan applications are declined due to issues such as poor credit history or insufficient supporting documentation. This is where the 5 Cs … Continued

How Should CFOs Approach Working Capital Management?

by Cheqly team | | CFO Working Capital Management

CFOs play a crucial role in making sure their companies have enough working capital in today’s ever-changing business world. Successful working capital management combines balancing assets and liabilities with strategic decisions that enhance cash flow, improve operations, and strengthen financial stability. This article is to provide a complete understanding of the CFO’s working capital management, … Continued

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