Thu Jul 8, 2021 | | Accounting, Business, CFO Services

Interim CFO Services: Proactive Business Choices


interim cfo services

A Chief Financial Officer (CFO) plays a pivotal role at companies of all sizes. From blue-chip organizations to start-ups, CFOs regulate cash flow, financial planning, and performance. 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.

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Wed Apr 21, 2021 | | Banking Relationships, Cannabis, CFO Services

Guide to Securing Cannabis Business Funding


Cannabis Business Funding

If you are looking to open or expand a cannabis-related business, you may need outside funding to achieve your goals. Some experts estimate that on average dispensary owners need anywhere from $150,000 to $2 million to start their businesses due to hefty licensing fees and rigid capital requirements.

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Wed Apr 21, 2021 | | Banking Relationships, Cannabis, CFO Services

What You Need to Know About Cannabis Banking


cannabis banking

If you own a cannabis or hemp-related business or are looking to start one soon, you should learn about the ins and outs of cannabis banking. Because marijuana use and distribution are illegal at the federal level, cannabis businesses often have trouble partnering with banks and other financial institutions. Currently, only a little over 700 out of the 12,000+ banks in the U.S. serve marijuana businesses, and the ones that do tend to have strict approval processes and hefty fees. Read on to learn everything you need to know about banking in the cannabis industry.

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Mon Mar 15, 2021 | | Business, CFO Services, PPP

Take Advantage Of COVID Relief Options For Your Business


covid relief options

The COVID-19 pandemic forced many organizations to close quickly and lose revenue for an extended period of time, putting their ability to stay in business at risk. Many businesses did not have enough cash reserves to sustain the shutdown and unfortunately went out of business. Currently, we are helping businesses during these challenging times with two government lending programs, the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) as COVID relief options. 

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Mon Feb 8, 2021 | | Business, CFO Services, Field Examinations

Everything You Need to Know About Field Examination Services


field examination services

Lending institutions in the United States know there are inherent risks involved with providing loans to businesses. Borrowers also have to demonstrate that they are reliable enough for the institution to lend them money.  They must demonstrate that they can supply collateral to a lender. Collateral is any asset or property that a consumer promises to a lender as 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.

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Sat Dec 26, 2020 | | Business, CFO Services

How Can CFO Consulting Help My Business?


cfo consulting

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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Sat Nov 28, 2020 | | Business, Cash Management, CFO Services, Virtual Accounting Services

Virtual CFO Services: What They Are and How Can They Help Your Small Business


What Is The CFO chief financial officer

These days, business owners, managers, and investors are seeking any way possible to reduce overhead and make every dollar count. And as businesses look for ways to curb unnecessary spending, many are now turning to virtual CFO services as a money-saving alternative to in-house financial leadership.

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Sat Oct 10, 2020 | | Business, CFO Services, Financial Reporting

Why and How to Hire a CFO


hiring a CFO

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?

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Tue Sep 22, 2020 | | Business, Cash Management, CFO Services, Financial Controller Services, Financial Reporting

5 Tips to Avoid the Most Common Financial Pitfalls for Business Owners


avoid financial pitfalls

No matter how brilliant an entrepreneur or business owner might be when running their business, without a good plan to maintain their company’s financial well-being, it will be difficult for their business to thrive. Regardless of industry or sector, we hear many of the same pain points that keep owners awake at night. The most successful businesses, just like people, form habits that lead to their ultimate success. Here are the top 5 action steps successful companies implement for financial success and prevent financial pitfalls.

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Wed Sep 16, 2020 | | Bookkeeping Services, CFO Services, Virtual Accounting Services

What is Virtual Accounting?


what is virtual accounting

Most companies invest significantly in bookkeeping and accounting within their operation. Keeping correct records is critical to making wise business decisions and knowing where your company is at any given point. Yet, hiring and maintaining an accountant within your business is costly and may not always be the best choice. Virtual accounting or virtual CFO services can be a great option for many organizations.

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