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

Increasing 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 your control, and some years tend to be more profitable than others.

Sat Dec 26, 2020 | Alan Lefkowitz | Bookkeeping Services, Business, Cash Management, Financial Controller Services

Tips for Successful 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 a 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.

Sat Dec 26, 2020 | Alan Lefkowitz | Business, CFO Services

CFO Consulting Can Help Your Business

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 consulting services.

Sat Nov 28, 2020 | Alan Lefkowitz | Business, 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, handling the daily duties of accounting and finance while maximizing growth and performance can get overwhelming in a hurry, even for the best of us.

Sat Nov 28, 2020 | Alan Lefkowitz | Business, Cash Management, CFO Services, Virtual Accounting Services

Virtual CFO Services: A Smart Choice

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.

Sat Nov 28, 2020 | Alan Lefkowitz | Bookkeeping Services, Business, Virtual Accounting Services

Three Questions to Ask Before Hiring A Virtual Bookkeeper

Virtual bookkeeper services are a popular and cost-effective strategy for managing your business’s accounting. Here’s how to get started and hire the right company.

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

The Work in Process Schedule (WIP) For Your Construction Company

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 monitoring 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.

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

What Is the 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 other things. However, the overall objective of financial reporting is to provide information about the finances of a company while complying with regulations.

Sat Oct 10, 2020 | Alan Lefkowitz | Business, Cash Management

What You Should Know About Your Balance Sheet?

Many business owners receive a monthly or quarterly balance sheet but do not frequently analyze it or know what to look for. Many owners do not understand why the balance sheet is essential. Sometimes companies pay someone to prepare a balance sheet, and it’s another item that just sits in their inbox.

Tue Sep 22, 2020 | Alan Lefkowitz | Business, Cash Management, CFO Services, Financial Controller Services, Financial Reporting

5 Ways To Avoid Financial Pitfalls for Business Owners

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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