CFO Edge Logo
  Home > Resources > When to Use an Accounting Professional Article  
     
 

The Limits of DIY: When to Use an Accounting Professional

 
  Michael K. Menerey, Partner, CFO Edge, LLC  
   
  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
  Article Summary  
As widespread and preferable as it sometimes is, a do-it-yourself approach is not always best in business - especially in business finances and accounting.

When finance and accounting requirements exceed an in-house bookkeeper's abilities and training, it's important for small business executives to know the limits of a do-it-yourself approach and when to use an accounting professional.

Businesses growth includes successfully navigating events - like raising capital or entering a joint venture - and includes sharing financial information with lenders, investors or others.

These potential partners will need to see detailed, timely and accurate financial data to help them evaluate opportunities with your business.

Do-it-yourself management of your financial data can bring seven problems and reduce the likelihood of success with lenders and investors.

Los Angeles and Southern California executives leading small businesses can benefit from talking with a provider of outsourced CFO services.

An on-demand CFO brings enterprise-level expertise to review current financial processes, recommend optimal finance department practices, and guide preparation of financial data for presentations to lenders and investors.

  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
Subscribe to CFO Inside Edge

Our monthly newsletter delivers first notice of new white papers and articles plus remarks on performance challenges and solutions. View past issues and subscribe.

 
 
 
CFO or Controller: What's Right for Your Business?
White Paper
CFO or
Controller:
What's Right
for Your
Business?
Outsourced CFO Services
White Paper
Outsourced
CFO Services
Performance Measurement
White Paper
Performance Measurement
Strategic Planning & Forecasting
Brief
Year-End Strategic Planning & Forecasting
Planning a Business Exit White Paper
White Paper
Planning a
Business Exit
 
CFO Edge Blog CFO Edge on Twitter CFO Edge on LinkedIn
 
Intuit Certifications