Wed 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 MoreMon Feb 21, 2022 | Alan Lefkowitz | Accounting, Business, Virtual Accounting Services
Finding the right company to handle your business accounting services should be a significant concern if you own a small business. Remember that tax season is not the only time you need to track your finances.
Read MoreFri 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 your small or growing business’s financial health. They also can save you money because you will not have to pay them a full-time salary, bonuses, and benefits.
Read MoreSun 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.
Read MoreWed Jul 28, 2021 | Alan Lefkowitz | Business, CFO Services
Accounting is one of the most important aspects of running a business. Working with a part-time bookkeeper is enough for many companies to stay on top of their financial situation, gather insights from financial reports, and make changes to optimize profits.
Read MoreThu Jul 8, 2021 | Alan Lefkowitz | Accounting, Business, CFO Services
A Chief Financial Officer (CFO) plays a pivotal role in companies of all sizes. CFOs regulate cash flow, financial planning, and performance from blue-chip organizations to start-ups. This chief role combines strategy with daily management. A CFO usually works as the top controller, creating financial systems that can impact an organization’s future.
Read MoreWed May 26, 2021 | Alan Lefkowitz | Accounting, Business, Small Business
Conducting a monthly bank reconciliation helps you understand your company’s cash flow, protect against overdraft fees, and guard against fraud. The bank reconciliation process is vital to the checks and balances (no pun intended). The best practice is to ensure that no individual has control over all financial transactions for a business.
Read MoreMon Feb 8, 2021 | Alan Lefkowitz | Business, CFO Services, Field Examinations
Lending institutions in the United States know there are inherent risks involved with providing loans to businesses. Borrowers must also demonstrate that they are reliable enough for the institution to lend them money. They must show that they can supply collateral to a lender. Collateral is any asset or property that a consumer promises to a lender as a backup in exchange for a loan. This can sometimes be hard to demonstrate due to challenges, such as changing accounts receivable balances and inventory valuation or valuation of the company’s products or services.
Read MoreSat Dec 26, 2020 | Alan Lefkowitz | Bookkeeping Services, Business, Cash Management, Financial Controller Services
In the U.S., the survival rate for small businesses is bleak, with 20% going under in the first year and 50% failing after five years. These businesses shut down for various reasons, including a lack of customers for the product or service or having difficulty hiring the right people. But insufficient cash flow is frequently the reason for these closures.
Read MoreSat Dec 26, 2020 | Alan Lefkowitz | Business, CFO Services
Are you getting a new startup off the ground? Are you a CEO looking to grow your company? Do you have financial projects in the works that require more than your small, hard-working team can handle? If so, you may want to consider hiring an outsourced CFO for consulting services.
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