Our extensive network of peers, specialists, and potential suppliers help each other succeed. Your business needs a firm that can help mitigate risk and fraud by segregating duties to protect from unauthorized spend. Move accounting work to the pros, and get more time and resources for your core business activities. We put our heads together with the folks at IndieCPG to create a guide to the basics of cashflow for new (and maybe even not-so-new) founders. Learn the process of verifying your PO, GRN, and invoice to ensure precise vendor payments.
Business Insights Analyst
This acquisition marks a significant milestone for Settle as we expand our capabilities to better serve consumer brands looking to scale with efficiency and precision. A company’s ability to make a cash flow forecast is essential in the world of modern business. Discover insights from the Settle x DTC Experts panel on alternative financing, cash flow management, and profitability strategies from the founders of HigherDose and Mockingbird. Many CPG brands use inventory planning and inventory management interchangeably, but they serve distinct roles. CFO Plans offers operational accounting, compliance, reporting, and financial modeling services. Acctuate provides interim CFO services to founder-led and venture-backed businesses looking to grow rapidly through fundraising, M&A, or organic expansion.
The New Settle: Scale your CPG brand faster and more profitably
Perhaps you want to adopt more eco-friendly packaging and shipping methods — but these often come with higher price tags. On the one hand, consumers demand sustainable products, and you want to offer them. Finding that balance between sustainability and profitability is something every CPG founder needs to grapple with. It’s not fixed assets an easy decision, but the brands that ride the wave are the ones that build long-term customer loyalty while keeping their financials firmly in check.
Business Analyst Digital Portfolio Management
- The right deduction management strategies are essential for making sound financial decisions.
- Inaccurate COGS can lead to mispriced products, shrinking margins, and poor financial visibility, which makes it difficult to identify where profits are lost or how to adjust pricing to maintain profitability.
- With the right financial connections, you can secure better financing options or lines of credit to keep operations moving smoothly without cash flow issues.
- By hiring us, you also save on time and training an in-house accountant, which includes providing benefits, maintaining accounting software, and building out your infrastructure.
- We specialize in providing end-to-end F&A services for the retail and CPG sectors.
We challenge the status-quo, and place high importance on creativity, continuous improvement and forward-thinking strategies to address our clients’ challenges and help them seize opportunities. Having and maintaining a strong grasp on what risks could disrupt the progress towards your goals, and how to mitigate them from happening. We are passionate cpg accounting about Empowering the Extraordinary along your organization’s journey to achieving its goals and objectives, all through a clear and focused strategic lens. Tap into our extensive collection of SOPs, guides and advice for CPG founders, leaders, and managers.Need an industry introduction?
- Learning to navigate inventory management can be a tricky part of growing your brand.
- The Settle team always looks forward to Expo West as an opportunity to connect with incredible CPG brands and industry partners, and this year was truly special.
- Accountants and CFOs offer more than just the preparation of financial statements, tax returns, and payroll management.
- Learn why start-ups should use purchase orders to streamline processes, track spending, and enhance financial management.
- Learn the process of verifying your PO, GRN, and invoice to ensure precise vendor payments.
From maintaining your books to reporting your financial standing, our remote bookkeeper can professionally and efficiently perform all obligations behind the scenes from our centralized facility. Through our outsourced bookkeeping program, we can handle all of your business bookkeeping needs as well as work with your in-house bookkeeper for extra support, oversight, and quality assurance. For recommendations needing additional specialists, we can connect you to trusted professional advisors across our vast network. Improving supply chain visibility is becoming a priority for many companies, as it’s essential for streamlining operations, boosting efficiency, and maintaining strong customer satisfaction for consumer brands. Accounting is not just about numbers; it’s about understanding the financial story of your business.
and Taxes.
Your data will tell you everything currently happening in your business, from your most popular products to underperforming sales channels. Inaccurate COGS can lead to mispriced products, shrinking margins, and poor financial visibility, which makes it difficult to identify where profits are lost or how to adjust pricing to maintain profitability. With so much variability in the CPG supply chain, precision is absolutely vital.
I have been using them for the past few years and have always been impressed with their service. They are always available to answer any questions I have, and they always make sure I understand everything before we file my taxes. Together, we are passionate about delivering top-quality services that drive growth, minimize risks, and optimize financial outcomes for our clients.
Types of Capital Every CPG Brand Should Know About
- This acquisition marks a significant milestone for Settle as we expand our capabilities to better serve consumer brands looking to scale with efficiency and precision.
- Your business needs a firm that can help mitigate risk and fraud by segregating duties to protect from unauthorized spend.
- At Airen Consulting, we have assembled a team of skilled professionals who are dedicated to providing exceptional accounting and inmigration consulting services.
- Knowing whether you have optimal cash flows to meet your current and future operational and financial obligations.
They have at least Car Dealership Accounting 3-4 years of experience in various accounting functions, including month-end reporting, accounting process improvements, and cash management. They have proven experience in managing showroom invoicing, accounting registration of invoices, and verifying bank accounts. Additionally, they have a solid understanding of statutory tax filing and legal compliance requirements.
- Graphite is a full finance department-as-a-service for early-stage and growing companies (from pre-seed to exit) operating just like an in-house accounting & finance team but for a fraction of the cost of hiring full-time staff.
- A CPG-specialized accountant analyzes your sales patterns, product turnover, supply chain costs, seasonal demand fluctuations, and storage expenses to pinpoint inefficiencies in how inventory is managed.
- Although categorizing transactions is essential in all businesses, it’s even more vital for CPG brands.
- We offer our clients a wide range of accounting, tax planning, tax preparation, and business consultant services, along with outstanding support.
- Our team of experts is dedicated to providing you with the best advice and services to help your business grow.
- A chart of accounts is a categorization of your company’s general ledger.
We can customize the following services based on your business and priorities:
Proper planning is key to protecting profit in times of tariff uncertainty. With potential plans to impose a 60% tariff on Chinese goods and a 10% to 20% tariff on other imported goods, many CPG brands are taking 4 key steps now so they don’t get a shock to their COGs. A comprehensive guide to understanding the financial challenges in eCommerce. Behind this eCommerce surge lies a complex infrastructure of tools and services—known as the Modern Operations Stack—that helps CPG brands manage their day-to-day operations.