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When Should You Expect Your Monthly Financial Reports?

By |2017-06-07T12:43:32+00:00May 25th, 2017|CFO, News & Info|

As a business owner, you might be wondering how early you can reasonably expect your monthly financial reports. Should you get them by the 5th workday? The 10th workday? In the middle of the month? When is the optimal time to review them, and can you get them that early? The answer is surprisingly simple: [...]

The Business Owner’s Guide to 5 Assumptions About Part-Time CFOs

By |2017-06-07T12:44:15+00:00May 16th, 2017|CFO, News & Info|

When it comes to hiring part-time CFOs, there are, as you would expect, many different perspectives, experiences, and opinions. You hear whispers of: “A part-time CFO will cost you an arm and a leg!” “Good luck with that… they just don’t know your business well enough.” “You’re better off hiring someone full time to lead [...]

Should the Founder Run the Grown Up Business?

By |2017-06-07T12:44:49+00:00May 9th, 2017|Consulting, News & Info|

A significant portion of a business’ initial success is directly tied to the skill set, relentless drive, and vision of the company’s founder. There is no doubt that it is a small handful of people who have what it takes to create a business from nothing but a dream. So the good news is that [...]

Three Steps to Meaningful Accounting Reports

By |2017-06-07T12:45:18+00:00May 2nd, 2017|CFO, News & Info|

Every step of your accounting process was created with the best intentions. There was a problem, and someone solved it. But over time (and it’s a lot less time than you think), business processes change. You hire new people, you have a change in leadership, and slowly but surely, you start to make micro-adjustments to [...]

Don’t Put the Bandaid on the Messenger When the Patient Needs the Cast (Or Why Accounting and Change Management Go Hand-in-Hand)

By |2017-06-07T12:45:58+00:00April 25th, 2017|Consulting, News & Info|

In 2002, following the whole Enron fiasco, the Sarbanes-Oxley Act was signed into law. This new legislation set new requirements for all US-based public companies, management, and company boards with regards to — you guessed it — controls that lead to accurate financial reporting. It placed a new level of responsibility on CFOs and CEOs [...]

How to Successfully Train Your Controller to Be a CFO

By |2017-06-07T12:46:45+00:00April 11th, 2017|CFO, News & Info|

If you’re reading this, you may be thinking about a skill gap in your company, and possibly moving your Controller into a Chief Financial Officer (CFO) role. Typically, that happens in one of two situations. Maybe your business is ready for a CFO and, since your controller is acting as your finance lead, the promotion [...]

You Don’t Have To Rely On Just Your Gut. Grow Your Business With Confidence.

By |2017-06-07T12:47:21+00:00April 5th, 2017|Bookkeeping, News & Info|

All entrepreneurs want their businesses to grow. Growth is good. For many entrepreneurs, this is exactly what they’ve focused on since the inception of their initial business idea. Then, one awesome day, they turned around, and happily realized, “Wow! I have a real business here!” Yes! I’m talking to you. You’ve been so wonderfully focused on [...]

Is Your Finance Team the Gold Standard?

By |2017-06-07T12:47:59+00:00March 28th, 2017|CFO, News & Info|

Let’s say you’re a business owner, and you’ve got your finance team in place, either in-house or outsource. That team may range from one to many people any of whom may be part time or full time. For this post, let’s assume you’ve got all the players in place from bookkeeper to tax accountant, and [...]

5 Common Finance Challenges Faced by Growing Small Businesses & How to Solve Them

By |2017-06-07T12:48:43+00:00March 21st, 2017|CFO, News & Info|

Growing your business is such an exciting time! You’re bringing in new customers, you’re launching new products, and you’re taking your business to the next level. But just like those awkward teenage years, in business, when you’re faced with a period of rapid growth, you’re likely to deal with some major growing pains. And when [...]

Too Much Detail In Your Financial Reports? 3 Tips To Making Them More Meaningful

By |2017-06-07T15:42:14+00:00March 15th, 2017|CFO, News & Info|

Financial reports, when they are set up effectively, are to business owners what buoys in a river are to sailors: they keep you centered and let you know if you veer off course. When they’re aligned with how you think about your business, well-summarized, financial reports give you all kinds of juicy insights into your [...]