Thu Jul 29, 2021 | | Accounting, Financial Reporting

5 Reasons an Outsourced Accounting Team Can Provide Crucial Financial Insights to Your Company


financial insights

Do you own a small business? If so, hiring an accountant is a key aspect to truly understanding the financial health of your business. Historically, many businesses hired bookkeepers and accountants from several different firms, outsourcing some and keeping some in house. While hiring accountants through various firms worked for companies in the past, this method has since become an outdated, expensive, and inefficient way to keep a business’s finances in order.

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Wed Mar 17, 2021 | | Bookkeeping Services, Cash Management, Construction, Financial Reporting

Accounting for Construction Companies: The Basics


Accounting for Construction Companies

Construction accounting has unique challenges compared to many other types of business bookkeeping and management. Construction businesses frequently travel, incur specialized job costs for each construction project, and use unique processes to keep track of financial transactions. Unfortunately, construction accounting errors can be costly, which is why contractors must hire professional, knowledgeable accountants to manage their finances.

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Fri Feb 5, 2021 | | Cash Management, Construction, Financial Reporting

Increase Your Commercial Construction Profit Margin Now


commercial construction profit margin

If you are in the commercial construction industry, you have probably struggled with profit margins in the past. Unfortunately, profit margin depends on several factors outside of your control, and some years tend to be more profitable than others.

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Sat Oct 10, 2020 | | Business, Cash Management, Financial Reporting

What Is the Objective of Financial Reporting?


Objective of Financial Reporting

If you own or invest in a business, you know that companies produce financial reports at least once a year. But do you know what they’re telling you? Different types of reports exist that can tell you different things. However, the overall objective of financial reporting is to provide information about the finances of a company while complying with regulations.

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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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Tue Apr 14, 2020 | | Financial Reporting

3 Top Reasons To Invest in Monthly Financial Reporting


cfo consulting

As I’m meeting different business owners, there is a difference between the businesses that are thriving and the businesses that are struggling. The common theme in struggling businesses is that they are not receiving monthly financial reporting.

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