In the complex world of business, strategic decision-making stands as a pivotal force driving companies towards success or failure. Stephen McLain, in his podcast, provides a profound exploration of this concept, detailing the integral relationship between business strategy and the finance and accounting systems that underpin it. Aimed at aiding small business owners in honing their operations, the episode delves into the utilization of monthly financial statements and the significance of daily financial insights, which form the foundation for astute resource allocation and the creation of KPIs that truly reflect a company's goals.

In dissecting the nuts and bolts of capturing financial transactions, McLain unveils the often-overlooked narratives told by cash flow patterns and spending trends. These insights enable business owners to negotiate with confidence and fortify their internal controls. Crafting a financial strategy that incorporates regular bank reconciliations, strict...

For my first blog post for Finance Leader Academy, I want to highlight Episode 98 from The Finance Leader Podcast, which asks us why we chose this field. Why were we drawn to Finance and Accounting? Was this something we always knew about ourselves and do we still have the passion for it as we try to advance our careers?

Why did you choose to work in Finance and Accounting? Did you want to work with numbers? Did you think you would work mostly alone? Were you attracted to the leadership opportunities available? Was it something else or a combination of these? Whatever got you interested, I am urging you to ask yourself if you still maintain that passion you once had? Do you embrace and look forward to leading with the numbers every day? The Finance and accounting fields offer a great opportunity to career track to CEO of an organization. There are so many incredible opportunities to make a positive difference, and that’s why I love it.

Do you still have the...