Thu 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?
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Tue 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.
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Wed 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?
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Wed 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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Wed May 18, 2022 | Alan Lefkowitz | CFO Services
The chief financial officer (CFO) ‘s primary duty is to oversee a business’s financial side. However, not all small businesses can afford to hire an in-house CFO. It is, after all, an executive position and one that is not easy to fill. Luckily, small businesses have the option to outsource a CFO both on a full-time or a part-time basis. When outsourcing a CFO, you must ensure your company receives at least these 4 critical services.
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Wed May 4, 2022 | Alan Lefkowitz | CFO Services
What are the benefits of CFO services? It’s no secret that all companies have a complex financial structure. This economic 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 a company can end up financially in dire straits.
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Fri Apr 29, 2022 | Alan Lefkowitz | CFO Services
What are CFO responsibilities in any organization? While it might generally lean towards the financial side of things, their exact position can differ depending on various factors. These factors can spawn from multiple items, such as the board of directors’ expectations or even the CEO, or they can also lie in the business goals.
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Mon Apr 18, 2022 | Alan Lefkowitz | CFO Services
Why hire a CFO? Many 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. 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 essential to any organization. So why hire a CFO? Here are a few reasons why:
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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, so 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.
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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 looking to reach financial milestones or take the business to the next level, it may be time to consider hiring a chief financial officer (CFO) or a controller.
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