Reduce Family Office Accounting Complexity by Choosing the Right Software

Prioritize Your Accounting Software One of the most effective ways for a family office to improve efficiency and reduce complexity is selecting the best accounting software for its needs. While popular accounting software such as QuickBooks is suitable for [...]

Improving and automating your company’s account reconciliation process with BlackLine

Many companies don’t realize they can use BlackLine to achieve account accuracy, systematic consistency, accountability and transparency while automating the reconciliation process - saving dozens of hours per month that can be redirected to more meaningful close tasks. If [...]

By |2021-09-07T17:10:51-04:00August 17th, 2021|Categories: Blackline, Blog, Cloud Technology, Consulting, Outsourced Accounting, Software Solutions|Tags: , , , , , |Comments Off on Improving and automating your company’s account reconciliation process with BlackLine

Five Imperatives to an Effective Family Office

It’s amazing how basic each of these five items sound, and yet often one or more are not present in family offices.  The result is frustration by the family, stress in the team, and a high likelihood that families [...]

By |2021-08-09T11:53:20-04:00August 10th, 2021|Categories: Blog, Consulting, Family Office, Outsourced Accounting, Software Solutions, Tom Crotty|Tags: , , , |Comments Off on Five Imperatives to an Effective Family Office

6 Steps Private Companies Should Take to Prepare for ASC 842 Lease Accounting

Private companies and nonprofits will soon be subject to the ASC 842 lease accounting standard. Adoption of this standard is effective for annual reporting periods ending after December 15, 2021. For calendar year-end companies, this means the effective date [...]

By |2021-09-07T18:50:48-04:00August 4th, 2021|Categories: Blog, Cloud Technology, Consulting, Manufacturing & Distribution, Outsourced Accounting, Real Estate, Retail, Small Business Services, Software Solutions, Technology|Tags: |Comments Off on 6 Steps Private Companies Should Take to Prepare for ASC 842 Lease Accounting

Shifting from a Family Office to a Family Enterprise Mindset

A common mistake made by many high-net-worth individuals and families is failing to treat their family’s financial affairs as a business entity in their own right. Managing the business of the family’s assets is a critical practice that demands [...]

By |2021-09-07T17:08:59-04:00June 22nd, 2021|Categories: Blog, Consulting, Family Office, Outsourced Accounting, Tom Crotty|Tags: , , , , |Comments Off on Shifting from a Family Office to a Family Enterprise Mindset

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

Is It Time To Outsource Finance and Accounting?

Outsourcing may appeal to organizations that are currently struggling with mounting overhead costs during the COVID-19 crisis. By outsourcing, you convert certain fixed overhead costs associated with compensating and supporting employees into variable costs that can be scaled back [...]

By |2021-09-08T12:03:13-04:00June 12th, 2020|Categories: Audit, Blog, Outsourced Accounting|Tags: |Comments Off on Is It Time To Outsource Finance and Accounting?

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 [...]

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