The Importance of Hiring an Outside Corporate Accountant.
When it comes to managing finances, ensuring accurate financial records, and complying with tax regulations, businesses cannot afford to cut corners. An outside corporate accountant brings a fresh perspective and specialized expertise that can significantly benefit an organization. What is an “outside corporate accountant?” Simply put, an “outside corporate accountant” is one that doesn’t already […]
When Is It The Right Time To Hire A Contract CFO?
Deciding when to hire a contract CFO is a critical decision for businesses looking to optimize their financial management and drive sustainable growth. As companies navigate the complexities of today’s competitive landscape, having access to expert financial expertise becomes paramount. However, not every organization may be ready or have the resources to hire a full-time […]
What is the role of a forensic accountant and when do you need one?
Forensic accountants play a crucial role in uncovering financial fraud and mismanagement. They use their expertise in accounting and auditing to investigate financial crimes, analyze evidence, and provide expert testimony in court. Forensic accountants are also responsible for detecting money laundering activities, identifying suspicious transactions, and tracing the flow of funds. With their detailed knowledge […]
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 […]