Monthly Archives: May 2012

Taking Financial Control Of Your Company

Many small and mid-sized companies have basic accounting systems. They have a book-keeper, maybe a Controller. They have an accounting system – probably QuickBooks, or possibly a more advanced product. What they usually don’t have – and what for many is a major weakness – is a coordinated Financial Process. Jim Collins, entrepreneurial author and guru, says there are plenty of great mousetraps but not very many great processes and that’s where entrepreneurs should focus.…

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Why You Need A CFO

Why You Need A CFO

Sometimes the hardest task I have, is to explain to business owners and my networking contacts what exactly a CFO does. In simple terms a CFO is a highly experienced financial executive, who can help drive your business to greater profitability and end value using a variety of techniques and analysis to forecast and shape your financial path.…

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The Woodlands CFO – Danger Signs for an Accounting Department

Year End Audit Surprises
If your outside CPA adjusts your net income by more than 5% of net income, then you have a problem. Your internal accounting department should be able to report financial statements with 95% accuracy.

Greater than 6 Year End AJE’s
A company should not have more than 6 to 8 year-end adjustments from their CPA firm.…

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