Should You Hire a CFO or Outsource an Interim CFO?
As a business owner, you are faced with many choices. If you’re in start-up mode, you are managing just about everything in your business, from
As a business owner, you are faced with many choices. If you’re in start-up mode, you are managing just about everything in your business, from
The Primary Differences Between Your CFO and Your CPA In our recent series of articles, we have been discussing the key roles in your accounting
Learn About Accounting Staff Qualifications Just as with any role in your company, you always want to make sure you are hiring qualified people to
It’s Not Just About Numbers, It’s About People Now that we’ve broken down some of the various activities that take place in your accounting department,
CPAs come with different specialties and can provide expert advice on a wide range of topics. There are different ways to identify a CPA who is right for your organization:
The litmus test for each of your strategic objectives is that it has to meet each of these five criteria. If the objective fails to meet one or more of these criteria, then either assess it to determine if it is truly strategic, or revise it to make it more specific, measurable, actionable, realistic, and time bound.
All too often we see people over plan and make no progress, as opposed to measure how their plan is working and make the necessary changes to the plan as conditions change
For moderately sized companies in the $2 million to $20 million range, senior management often turn to their CPA for advice about business finances because they don’t have a CFO or financial advisor on staff. What they will get from a CPA is a financial opinion informed by the CPA’s perspective on taxes and tax law, not necessarily the financial opinion that may be best for the situation.
If you take a positive, proactive stance, you can demonstrate to your staff that you have a tough policy regarding employee theft and fraud, and you can outline some clearly defined consequences for those who break the rules.
The advantage of hiring an interim CFO is you get someone with the experience and expertise to help you get the company organized and poised for success