A Case Study: Forensic Accounting For A Retail Business
Let’s look at real-world corporate accounting. A local Oklahoma retail business that mainly dealt with cash transactions, was in financial trouble. They had a significant amount of cash on hand, but their reserves had been dwindling for some time. What was even more alarming was that the business had been losing money for over a […]
Fractional CFO vs. Certified Public Accountant: Understanding the Differences
Fractional CFO services and Certified Public Accountant (CPA) services are both important financial professionals that can help businesses manage their finances. However, there are some key differences between the two roles. Fractional CFOs provide a more holistic approach to financial management, while CPAs focus on specific tasks such as tax preparation and auditing.It is important […]
Corporate Accounting Services: What You Need To Know To Keep Your Business Running Smoothly
Corporate accounting services can be a complex and time-consuming task for any business. Outsourcing corporate accounting services can provide businesses with the expertise, efficiency, and cost savings that they need to stay competitive in today’s market. By outsourcing corporate accounting services, businesses can benefit from the expertise of professionals who specialize in this area and […]
What Is A Fractional CFO? Fractional CFO, A Definition
The definition of a fractional CFO is a financial executive who provides part-time or project-based financial advice and guidance to a business. You might also refer to this position as a contract CFO. They are hired on an as-needed basis, often for a specific duration of time. A fractional CFO, meaning a contracted chief financial […]
What are analytics and project management and does my business need it?
Analytics and project management are two of the most important aspects of any business. With big data, analytics has become more popular than ever before. Analytics can be used to analyze customer behavior, revenue trends, and other information that can be helpful in making decisions. Project management software helps to manage projects by providing a […]
What is a project manager and when do you need one?
A project manager is an individual who is responsible for the coordination and management of a project. They are accountable for the success or failure of a project and therefore need to be able to organize, plan, and execute in order to ensure that the project is completed on time, within budget, and meets its […]
Does your company need help with data visualization?
Data visualization is a way of representing data visually, often with the aim of making complex data easier to understand. This is beneficial for large companies who have a lot of facts, data and statistics but need to able to use their information to their advantage. It’s also beneficial to small business owners who need […]
Should you hire a contract executive?
A contract executive, also known as an interim executive, offers companies a cost effective and temporary way to hire a specific skill set to handle company changes, growth or closure. This is beneficial for large companies who have a temporary high-level need. It’s also beneficial to small business owners who aren’t ready to hire a […]
How to know when your company needs a financial advisor.
A corporate financial advisor can be hired in three different forms: consulting, fractional CFO or contract executive. A corporate financial advisor is responsible for the company’s financial decisions. This is beneficial for large companies who are looking to merge, make a sizable purchase, wish to mitigate risk or need a new operating budget. It’s also […]
What is a fractional CFO and why your small business needs one
A fractional CFOs, also known as a contract CFO, offers companies a cost-effective way to hire a temporary CFO at any time. This is beneficial for large companies in the process of transitioning from one CFO to another. It’s also beneficial to small business owners who aren’t ready to hire a full-time accounting position, but […]