Wed Dec 1, 2021 | | CFO Services, Financial Controller Services

CFO vs Controller: What’s the Difference?


cfo vs controller

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 that are looking to reach financial milestones, or to 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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Sat Dec 26, 2020 | | Bookkeeping Services, Business, Cash Management, Financial Controller Services

Tips for Successful Cash Flow Forecasting


cash flow forecasting

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 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.

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Sat Nov 28, 2020 | | Business, Financial Controller Services

What to Know About Financial Controller Services


financial controller services

Could your Chief Financial Officer (CFO) use a helping hand? For CFOs in growing companies, finding time to oversee strategic planning and manage the day-to-day financials can be a significant challenge. And as transactions increase in volume and complexity, managing the day-to-day duties of accounting and finance, while maximizing growth and performance can get overwhelming in a hurry, even for the best of us.

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Tue Nov 3, 2020 | | Business, Cash Management, Construction, Financial Controller Services

The Work in Process Schedule: Your Construction Company Needs to Use One


work in progress schedule

Construction companies typically juggle many complex jobs at once, often with a diverse mix of vendors and stakeholders. This makes managing your financials and tracking profits and costs an ongoing challenge. Fortunately, there is a tool that helps with managing and tracking the progress of your jobs. “The WIP,” which is the work in process schedule (sometimes called the work in progress or the contracts in process schedule), helps contractors determine their profitability by job while tracking and forecasting their job costs.

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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, Financial Controller Services, Virtual Accounting Services

Virtual Business Accounting, Why You Need It


virtual business accounting

The value of investing in virtual business accounting changes from one organization to the next. In nearly all situations, companies can benefit from making the switch to this more advanced, more hands-on form of accounting and financial management. If your company hired a bookkeeper or is managing the books on their own, it may be beneficial to make the switch. The benefits that come from professional services like this are outstanding.

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Wed May 6, 2020 | | CFO Services, Financial Controller Services

CFO and Controller: Assessing Your Company Needs


cfo and controller difference

Chief Financial Officer (CFO) Chief Financial Officer (CFO) is a strategic partner to the CEO and Senior Management, charged with financial responsibility for the whole company. Key CFO Responsibilities: Total fiscal oversight Financial analysis and forecasting Cash flow forecasting Strategic planning Risk Management, including insurance coverage Develops tax strategies Manages relationships with banks and auditors Develops company performance measures Capital management

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