Among the most important tasks performed by the finance team is the preparation of a wide range of reports for consumption by the executive and management teams. These range from traditional financial statements (the profit and loss statement, income statement and statement of cash flows) to other financial reports...
When they start their companies, many entrepreneurs create a business plan to serve as a blueprint for the structure and organization of their businesses. Unfortunately, once the business has been successfully launched and is up and running, owners often put the business plan on a shelf where it collects...
Most Los Angeles and Southern California business owners and entrepreneurs realize that their employees are their most valuable asset. But the management of their human resources often takes a back seat to other business functions that are seemingly more important, whether it is sales, marketing, operations or finances. But companies that...
When it comes to business clichés that should probably be banished to the dustbin of history, “business as usual” should probably be at the top of the list. If the past decade or so has taught Los Angeles and Southern California business owners and entrepreneurs anything, it’s that business...
There can be both tremendous rewards and tremendous challenges in running a family business. Many CEOs appreciate and value the opportunity to work closely together with family members in building an enterprise that can be passed on to future generations. In addition, family members who work together sometimes draw...
As they continue to face challenges in this uneven and inconsistent economic recovery, many CFOs and CEOs are placing a renewed emphasis on optimizing cash flow as a way to help improve their company’s financial situation. Improving cash flow starts with an understanding of the cash flow cycle. Following...
To maintain any kind of successful business, the accounting system is crucial. All businesses require an accurate, streamlined accounting system to provide them with the up-to-date financial information that drives all their daily decisions. An accounting system is a set of structured accounting devices, procedures and controls made operational with a...
In today’s economy, mergers and acquisitions (M&A) can deliver exceptional value, if managed properly and efficiently. In most cases, the key to such success is a well-managed, thorough merger and acquisition integration process. However, this procedure can be fraught with complications, since every case will need to be managed differently....
One of the most challenging aspects of managing Accounts Receivable and Payable is ensuring that everything runs smoothly and efficiently. A well-organized approval system can expedite processes, thereby diminishing the likelihood of delays and other associated problems. Centralizing Invoice Approval When expediting the accounts payable process, the most crucial component is the centralization...