Closing the books means you are ending your official accounting period so you can start the next period with a clean slate. It means that once the books are “closed” there will be no more changes to the financial documents for the closed period. So accuracy is critical. The closed books are the “gospel” of what has happened in the financials for your company.
The first gathering of the Marin Business Forum, held Thursday, September 22 at the Wood Island office complex, has been enthusiastically received by Marin County business owners and entrepreneurs.
With the acquisition of Compass Accounting’s food service client base, Pacific Crest Group has substantially broadened its accounting services client portfolio in the San Francisco Bay Area’s restaurant sector.
To outsource or not to outsource…that is the question. If you find running payroll, tracking AP and AR, and being responsible for the multitude of routine accounting functions is a drain on your resources rather than being an asset to your business, you might consider hiring an experienced, reputable accounting service
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.
Often, as owners we find that we wear too many hats: constantly going from being the owner to sales, to HR and accounting, to web design, etc. The reason for creating the Marin Business Forum is to learn more about how to run our businesses better – from guest speakers and from each other.
The networking event will feature a panel discussion, including what business owners should know about outsourcing accounting and HR services, and what they should know about choosing the best benefits provider.
lot of our initial conversations with IT client prospects center on disaster recovery – what is the worst case scenario that could bring your network down? Is it a server crash? Internet failure? Multiple workstations failing at the same time?
Many businesses don’t have the internal resources to handle many HR projects, even if they have an HR person on staff. Consider a recruiting project, for example, or the creation of a new employee handbook.
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
The smart business owners know they don’t have to do everything themselves, but can rely on outside experts to take a lot of the routine tasks off their shoulders.