Sat Aug 13, 2022 | Alan Lefkowitz | CFO Services
All organizations have particular financial requirements, and financial reporting can sometimes be a source of stress for businesses like yours. That’s just one of the reasons why you should consider using outsourced CFO services. Any small business owner needs to have confidence in the CFO of the business to ensure you can grow your business and keep the balance sheet healthy.
Read MoreWed Aug 10, 2022 | Alan Lefkowitz | Business, CFO Services, Financial Reporting
If you have a small business, you might think you don’t need to hire a CFO. After all, a chief financial officer is a high-paying position only needed in big corporations making over 100 million dollars, right?
Read MoreThu Jul 21, 2022 | Alan Lefkowitz | CFO Services
When you first start your business, there may not need to hire a CFO. But as your business scales, the needs of your financial department will change. Eventually, you’ll need to consider hiring one. This blog post will guide you on what to look for.
Read MoreThu Jul 14, 2022 | Alan Lefkowitz | Financial Reporting
Does your business need an accounting audit? A financial audit of your accounting records might help identify potential problems, including fraudulent acts. It is essential to select a certified public accountant to perform this type of audit; there are specific rules and regulations regarding this profession.
Read MoreThu Jul 7, 2022 | Alan Lefkowitz | CFO Services
Over the years, the role of a CFO has evolved with the expectation that they will have both financial and strategic skills. In practice, it’s rare to find an organization where the CFO has no strategic role to play. With that being said, there has been an increasing focus on the strategic roles of CFOs. This article looks at how CFOs approach strategic planning and how the strategy development process works for them.
Read MoreThu Jun 30, 2022 | Alan Lefkowitz | CFO Services
When you started your business, you may have handled all the financial aspects yourself. But when your business grows, you may need to hire qualified professionals to make up your finance team. Naturally, most small businesses start by hiring a bookkeeper. But a bookkeeper alone cannot handle all the different financial responsibilities. So you may also want to hire a CFO or a controller. But which role should you prioritize?
Read MoreTue Jun 28, 2022 | Alan Lefkowitz | CFO Services
Many businesses still don’t have a Chief Financial Officer (CFO) because they don’t think they need one. CFO benefits are many. The truth is that startups can grow faster if they have someone who can handle the financial side of their business. CFOs can be pivotal to strategic decision-making that will help startups prepare for the future.
Read MoreWed Jun 15, 2022 | Alan Lefkowitz | CFO Services
Many companies believe that the essential functions that a chief financial officer (CFO) performs include tracking cash flow throughout a company, ensuring accurate financial reporting, deciding the best way to distribute cash among various departments within the company, and participating in financial planning and forecasting. All of these contribute to the company’s performance. Are you ready to work with a CFO?
Read MoreWed Jun 8, 2022 | Alan Lefkowitz | Financial Reporting
Few things in the business world are as complex as planning and budgeting. It involves stakeholders, vendors, employees, technology, infrastructure, and many other aspects that can often cause immense stress. When considering the financial models of your business goals, you must rise to the challenge. Budgeting and forecasting lay the foundation for an organization’s fiscal health. Neglect them, and it will be a gloomy forecast indeed.
Read MoreWed Jun 1, 2022 | Alan Lefkowitz | CFO Services
Many small business owners may want to hire a full-time Chief Financial Officer (CFO) to handle the financial aspect of your company, but that may not be the best solution. A part-time CFO may be the best option for your business. As a small business, you may not have the budget to afford a full-time CFO, and you may not have the volume of work to keep someone busy on a full-time basis. A part-time hire may save your company a lot of money while also maintaining its financial records in pristine. This article will give you more details, and the benefits of a part-time CFO.
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