Wed Aug 10, 2022 | Alan Lefkowitz | Business, CFO Services, Financial Reporting
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?
Read MoreThu Jul 14, 2022 | Alan Lefkowitz | Financial Reporting
Does your business need an accounting audit? A financial audit of your accounting records might help identify potential problems, including fraudulent acts. It is essential to select a certified public accountant to perform this type of audit; there are specific rules and regulations regarding this profession.
Read MoreWed Jun 8, 2022 | Alan Lefkowitz | Financial Reporting
Few things in the business world are as complex as planning and budgeting. It involves stakeholders, vendors, employees, technology, infrastructure, and many other aspects that can often cause immense stress. When considering the financial models of your business goals, you must rise to the challenge. Budgeting and forecasting lay the foundation for an organization’s fiscal health. Neglect them, and it will be a gloomy forecast indeed.
Read MoreThu Jul 29, 2021 | Alan Lefkowitz | Accounting, Financial Reporting
Do you own a small business? If so, hiring an accountant is key to truly understanding your business’s financial health. Historically, many businesses hired bookkeepers and accountants from several 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 While hiring accountants through various firms worked for companies in the past, this method has since become outdated, expensive, and inefficient to own a business’s finances in order.
Read MoreWed Mar 17, 2021 | Alan Lefkowitz | Bookkeeping Services, Cash Management, Construction, Financial Reporting
Construction accounting has unique challenges compared to many other business bookkeeping and management types. 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, so contractors must hire professional, knowledgeable accountants to manage their finances.
Read MoreFri Feb 5, 2021 | Alan Lefkowitz | Cash Management, Construction, Financial Reporting
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 your control, and some years tend to be more profitable than others.
Read MoreSat Oct 10, 2020 | Alan Lefkowitz | Business, Cash Management, 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 other things. However, the overall objective of financial reporting is to provide information about the finances of a company while complying with regulations.
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. 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.
Read MoreTue Apr 14, 2020 | Alan Lefkowitz | Financial Reporting
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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