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How CFOs Add Value To Your Business

How CFOs Add Value To Your Business

As a leader within your organization, you may have found yourself thinking of ways to make your company more valuable. If you thought that bringing on a chief financial officer (CFO) might be a good decision, we are here to validate this thought process. While this...
Tax Planning Strategies: What You Need To Know For 2020

Tax Planning Strategies: What You Need To Know For 2020

The dreaded word “taxes” conjures up images of bottomless piles of paperwork, lengthy meetings with tax professionals, and sending hard-earned money off to the government. While it’s not possible to escape taxes (that would be fraud), this season can be much more...
Do You Need a Controller or a CFO?

Do You Need a Controller or a CFO?

Many people often think that the Chief Financial Officer (CFO) and controller are the same. However, these two roles have different expectations and responsibilities. Financial controllers and financial executives tend to work with similar types of companies. However,...
What is Petty Cash and How to Manage and Record It

What is Petty Cash and How to Manage and Record It

What is petty cash in accounting? Petty cash, also referred to as a petty cash fund, is a small amount of funds that are kept available for companies to use for small purchases which come up from time to time in the course of business operations. That’s a long way of...
Importance of GAAP & Why We Use It

Importance of GAAP & Why We Use It

In 1971, Coca-Cola launched a campaign to unite the world by sharing a coke. GAAP, in the broadest sense, is similar but rather than joining the world through carbonated sugar water, the purpose of the Financial Accounting Standards Board (FASB) has been to establish...
Top 6 Employee Engagement Killers

Top 6 Employee Engagement Killers

In 2007, when Elizabeth Holmes was leading doomed consumer healthcare technology company, Theranos, from startup to a multibillion-dollar empire, she approached her head of engineering and requested that the engineers work around the clock, 24/7. In a team where...