Mon May 16, 2022 | Alan Lefkowitz | Financial Reporting
Data analytics, the ability to get data from your business and make sense of it, can be daunting for businesses of all sizes. Getting started with data analytics for your business can be challenging if you don’t understand some common misconceptions about how best to use it. That’s why we’ve looked through four common myths surrounding financial data and insights, along with some advice on how to get started.
Read More Wed May 4, 2022 | Alan Lefkowitz | CFO Services
It’s no secret that all companies have a complex financial structure. This financial structure is different for every company, but it’s the backbone of the operation. However, this also means that it must be appropriately managed, or else a company can end up in dire straits financially.
Read More Fri Apr 29, 2022 | Alan Lefkowitz | Accounting
Running a small business entails encountering financial challenges that must be addressed at some point. Often, these challenges are common and easy to overcome. However, some of these challenges are more difficult to handle. A few of the most common financial issues small businesses face are as follows:
Read More Fri Apr 29, 2022 | Alan Lefkowitz | CFO Services
What’s the CFO’s (Chief Financial Officer) role in any organization? While it might generally lean towards the financial side of things, their exact role can differ depending on various factors. These factors can spawn from various things, such as the expectations of the board of directors or even from the CEO, or they can also lie in the business’ goals.
Read More Mon Apr 18, 2022 | Alan Lefkowitz | CFO Services
A lot of organizations choose to implement a chief financial officer to aid in crucial financial decision-making, cash flow management, and strategic planning. The CFO has shifted from being strictly a cash flow manager to a higher level of accountability for how that cash is allocated. Basically, the role of a CFO has evolved quite a lot and is even seen as a necessary function in every company today, even small businesses. Let’s look at what a CFO does in a nutshell and why they’re important to any organization.
Read More Mon Feb 21, 2022 | Alan Lefkowitz | Accounting, Business, Virtual Accounting Services
If you own a small business, finding the right company to handle your business accounting services should be a major concern. Keep in mind that tax season is not the only time you need to track your finances.
Read More Mon Feb 21, 2022 | Alan Lefkowitz | CFO Services, Law Firm Accounting
Finding the right accounting services for your law firm is critical in today’s legal arena. Law firms are still dealing with the fallout from COVID-19 and as a result, financial management is a challenge. Many lawyers are finding they have less and less time to spend on bookkeeping tasks, even though a law office is a business and must make a profit to survive.
Read More Wed Dec 1, 2021 | Alan Lefkowitz | CFO Services, Financial Controller Services
Growing businesses may need more than just a bookkeeper or a team of entry level accountants that process the day to day transactions . For companies that are looking to reach financial milestones, or to take the business to the next level, it may be time to consider hiring a chief financial officer (CFO) or a controller.
Read More Fri Nov 12, 2021 | Alan Lefkowitz | Accounting, Business, CFO Services
If your company needs top-level financial skills, try hiring a fractional CFO. This expert can increase the financial health of your small business or growing business. They also can save you money because you will not have to pay them a full-time salary, bonuses, and benefits.
Read More Sun Oct 10, 2021 | Alan Lefkowitz | Business, Cannabis, Small Business
Experts believe that marijuana sales will total $160 billion in annual revenue in the United States by 2025. Even from 2020 to 2021, sales increased by 30%, putting the industry on a significant upward trajectory. With figures like this, it’s only natural to wonder whether you have the knowledge and ability to build a successful cannabis company. However, in such a saturated market, having a cannabis business plan might mean the difference between a successful company and one that fails to stand out.
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