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.
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 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 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.
Read MoreWed Apr 21, 2021 | Alan Lefkowitz | Banking Relationships, Cannabis, CFO Services
If you own 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.
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 | 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 CFO consulting services.
Read MoreSat Nov 28, 2020 | Alan Lefkowitz | Business, Cash Management, CFO Services, Virtual Accounting Services
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.
Read MoreTue Sep 22, 2020 | Alan Lefkowitz | Business, Cash Management, CFO Services, Financial Controller Services, Financial Reporting
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. Like people, the most successful businesses form habits that lead to their ultimate success. Here are the top five action steps successful companies implement to achieve financial success and prevent financial pitfalls.
Read More
