“We are what we repeatedly do. Excellence then, is not an act, but a habit.” Aristotle There are three main Human Resource Management (HRM) requirements that every employer must meet to prevent employee issues from arising. They include understanding and complying with all Federal and state labor laws and regulations. The creation of an employee […]
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“46% of people will fail within the first 18 months of a new job. The main cause? Poor culture fit.” Good & Company Research Firm A company’s culture includes all its policies, guidelines, systems and processes as well as shared beliefs, attitudes, common practices, experiences and actions that demonstrate its values. The most important part
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“A boat doesn’t go forward if each one is rowing their own way.” Swahili Proverb We believe companies must function as highly result oriented teams to thrive in today’s global business ecosystem. The benefits of this approach include more realistic goal-setting, better decision making, outstanding innovation, and the highest level of performance possible on each
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“Money in the bank is like toothpaste in the tube. Easy to take out, hard to put back.” Earl Wilson Startups tend to overlook the significance of how their money is managed. The success of a new company is not based solely on revenue generation. It is imperative to know how the money is being
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It has been said, “Accounting is the language of business.” Accounting systems are essential to your business right from the beginning. They are the basis for strategic planning and making vital business decisions on a daily basis. Accurate and reliable bookkeeping processes are imperative for growing an enterprise. The five critical steps to create a
Setting Up an Accounting System Read More »
“Behind every good company is a great accountant.” Piyush Maru We believe professional services for a business should be seen as an investment not an expense. An Accountant’s fees are an insurance policy against making potentially disastrous mistakes. Accountants are an invaluable resource to help guide your business to its greatest heights. The most salient
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“The task of a leader is to get people from where they are to where they have not been.” Henry Kissinger, diplomat and former US Secretary of State In order to analyze the benefits of outsourcing to an interim Chief Financial Officer (CFO), we must first understand what a CFO does. The responsibilities of the
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“Everyone talks about building a relationship with your customer. I think you build one with your employees first.” Angela Ahrendts There are “hard” and “soft” costs of hiring, training and retaining employees. We believe all costs must be included in your Human Resource (HR) budgeting. When does each employee start contributing to the overall profit
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“Donors don’t give to institutions. They invest in ideas and people in whom they believe.” G. T. Smith We feel nonprofit organizations have a responsibility to their donors, members and employees to implement a risk management program to prevent and mitigate threats to the success of their organization. An effective risk management strategy is a
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Happy Holidays! It is that time of year again. The daylight hours are getting shorter and nights are getting longer. We have more family obligations and seemingly endless time commitments. On top of all this, every business with a calendar year-end must close its books and prepare annual financial statements now. What are some of
Improving Year- End Closing Procedures Read More »
“In the business world, the rear view mirror is always clearer than the windshield.” Warren Buffett We know capital is vital to business growth. There are only three ways to finance a business. Funding comes from revenue, debt or equity. Raising money from investors (venture capitalists, banks, friends, and family) is always about the amount of
Pre-money versus Post-money Business Valuations Read More »
It has been said that “accounting is the language of business.” The ever-evolving digital technologies of accounting will affect the future of financial professionals in ways that have not yet been imagined. Digital accounting refers to the formation, representation and transmission of financial data in an electronic format. Computers and accounting software have transformed the
Evolution of Digital Accounting Read More »