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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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 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.
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Wed 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.
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Thu 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.
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Wed Apr 21, 2021 | Alan Lefkowitz | Banking Relationships, Cannabis, CFO Services
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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