About Frank Balestreri

Audit & Consulting Partner

How to Calculate a Discount Rate for Lease Accounting

One of the many determinations companies need to make as they implement ASC 842, the new lease accounting standard, is calculating the appropriate discount rate for their leases. For lessees, selecting and estimating the discount rate will have an [...]

By |2021-09-22T17:02:51-04:00September 21st, 2021|Categories: Audit, Blog, Consulting, Lease Accounting|Tags: |0 Comments

Getting Started with Outsourced Manufacturing

For startup food, beauty, and natural product companies that are interested in outsourcing their manufacturing, choosing the best partner is a critical decision that can impact their long-term success. Outsourced manufacturing — often referred to as co-packing, co-manufacturing, or [...]

By |2021-09-08T11:25:06-04:00June 15th, 2021|Categories: Blog, Cloud Technology, Consulting, Food & Beverage, Frank Balestreri, Manufacturing & Distribution, Software Solutions, Wherefour|Tags: , , , , , |Comments Off on Getting Started with Outsourced Manufacturing

9 Reasons to Utilize Outsourced Accounting Services

Outsourcing offers unique solutions to some of today’s biggest accounting challenges. If your company is debating over how to best account for its transactions, consider the top reasons to outsource: Cost – Outsourced accountants can cost a fraction of [...]

By |2021-09-08T11:29:28-04:00May 18th, 2021|Categories: Blog, Consulting, Outsourced Accounting|Tags: |Comments Off on 9 Reasons to Utilize Outsourced Accounting Services

Understanding (and Reading) a Cash Flow Statement

A cash flow statement is an important tool that management should review on a consistent basis to gain valuable insights into the company’s financial health and identify emerging or potential problems. Cash flow statements help you understand your company’s [...]

By |2021-09-08T11:48:27-04:00March 4th, 2021|Categories: Blog, Consulting, Frank Balestreri, Outsourced Accounting|Tags: , , |Comments Off on Understanding (and Reading) a Cash Flow Statement

Wherefour Optimizes Inventory and Co-Packing Success via Linked Accounts

Effective inventory management and communication between companies are critical factors in successful co-packing collaborations – which is why we are excited about Wherefour’s latest release that adds a new level of visibility to help food companies and co-packers work [...]

PPP Update: SBA Issues Loan Forgiveness Application

On Friday afternoon, the SBA released additional guidance on several key elements related to PPP forgiveness, as well as a PPP Loan Forgiveness Application. Some areas that have been better defined, include: Alternative Payroll Covered Period Added For payroll [...]

By |2021-09-08T12:04:27-04:00May 16th, 2020|Categories: Blog, Consulting, COVID-19, Frank Balestreri, Small Business Services|Tags: , , , , , , |Comments Off on PPP Update: SBA Issues Loan Forgiveness Application

PPP Loan Forgiveness Isn’t a Given

One of the most attractive elements of the Small Business Administration’s Paycheck Protection Program (PPP) is the potential forgiveness of funds advanced that small business owners use for payroll and other eligible expenses. Obtaining that forgiveness, however, may not [...]

By |2021-09-08T12:06:30-04:00May 8th, 2020|Categories: Blog, Consulting, COVID-19, Frank Balestreri, Small Business Services|Tags: , , , |Comments Off on PPP Loan Forgiveness Isn’t a Given

CFO Services – Adding Strength to Manufacturing and Distribution

For a lot of small to mid-size manufacturing and distribution businesses, there’s a conundrum looming over the accounting department. Often, these departments consist of just a few accountants, possibly a controller or accounting manager. Typically the business owner serves [...]

Best Practices for Closing Your Books

In a survey that asked 2,300 organizations about their month-end close, the bottom 25% needed 10+ days to finish, while the top 25% needed 5 days or less. So, where do you fit on that spectrum? No matter what [...]

By |2021-09-08T12:13:49-04:00February 14th, 2020|Categories: Blog, Consulting, Frank Balestreri, Outsourced Accounting|Tags: , , , , |Comments Off on Best Practices for Closing Your Books

Best Practices in Accounts Payable Automation

Here’s a simple question: Would you rather continue to manage accounts payable manually or put the whole process into an automated workflow? Considering the amount of time that’s consumed by staff and other resources in the AP process, most [...]

By |2021-09-08T12:18:06-04:00February 4th, 2020|Categories: Blog, Consulting, Frank Balestreri, Outsourced Accounting, Software Solutions|Tags: , |Comments Off on Best Practices in Accounts Payable Automation
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