In certain scenarios, organizations must transition accounting duties to another entity. For example, the company might be going through a merger or acquisition, or it might be outsourcing accounting duties to a third-party accounting services provider. When this occurs, extreme care must be taken as the accounting duties are transitioned....
The idea behind traditional business insurance is relatively simple: Your company pays premiums to an insurance company that promises to pay out claims if your business suffers a covered loss. But some companies are looking at insurance in a whole new way that enables them to essentially form their...
In recent articles, we have discussed how business owners and CEOs are addressing risk management and cyber security in their organizations today, as well as how disruptive a lack of planning for contingencies can be. Cybercrime is an especially hot topic for businesses right now when it comes to...
“If you’re not growing, you’re dying.” Many owners of successful small and mid-sized firms have taken this business adage to heart as they seek to grow their companies. This is especially true considering the growing economic and business optimism that has taken root nationally and here in Southern California...
The prospect of going public in an initial public offering (IPO) has a certain romantic allure among many entrepreneurs and business owners. Some of the most famous companies in America made headline news when their shares were first offered for sale to the public, and IPOs of popular companies...
In this series of articles, we’ve been discussing the many ways that businesses can benefit by hiring an outsourced CFO services provider, as well as the different roles in which this professional can serve. In this article, we’ll explain how an outsourced CFO can help your business by serving...
In this series of articles, we’ve been discussing the many different ways that businesses can benefit by hiring an outsourced CFO services provider, as well as the different roles in which this professional can serve. In this article, we’ll explain how an outsourced CFO can help your business by...
Most businesses, regardless of their size, utilize policies and procedures as part of their organizational structure. The larger the organization, the more important policies and procedures (or P&Ps) tend to be. However, even small firms can benefit by creating well-defined P&Ps, communicating them throughout the organization, and taking steps to...
When they hear the term “financial planning and analysis,” or FP&A as it’s often referred to, many small and mid-sized business owners tune out, assuming it’s something that only large corporations can benefit from. But this can be a big mistake: Any size firm can benefit from conducting the...
Many Los Angeles and Southern California business owners and entrepreneurs spend a lot of time and money travelling to meet with customers, prospects, vendors and others. In fact, travel is an accepted expense that’s considered to be just a part of doing business for many companies — and a...