Essential strategies for handling accounting staffing challenges
Large or small, most companies would experience turmoil if a key accounting employee were to suddenly resign, take a leave of absence or if the team did not sufficiently evolve as the company grows. We at CFO Strategic Partners call these the “3 T’s” of staffing challenges faced by many organizations: Turnover, Temporary Need and […]
read moreCFO Strategic Partners announces Tampa expansion
Outsource firm adds team to be closer to clients in market CFO Strategic Partners (CFOSP) is proud to announce it has added to its Tampa services with a full-time CFO, who has deep roots in the Bay area. For two decades, CFO Strategic Partners has served Central Florida, helping middle-market sized organizations meet their goals […]
read morePersonal Time Off: Where do you stand?
When it comes to the holidays, we’re apparently most thankful for Thanksgiving and Christmas. They were the most common automatic days off, according to our recent CFO Strategic Partners survey. Professional staff is also rewarded with more time off. Looking for an average amount of time to offer? 3 weeks is the sweet spot. But […]
read moreCEOs Need to Look at Budgeting Differently: It is Your Job to Think Big Picture
Many CEOs detest the budget process, and some think it’s a complete waste of time. But with the fourth quarter underway in the 2018 budget process, it might be time for an attitude adjustment — or in business terms, a paradigm shift about how you think about budgeting. We are not here today to talk […]
read moreHurricane Irma’s On-Going Impact
Cleaning up from a storm is typically an arduous task. Nearly a month after Hurricane Irma took direct aim at Central Florida, recovery is still underway. The effort will bring a number of expected as well as unforeseen challenges for local businesses. Stage one of the recovery process centered on getting back to business – […]
read moreHow to Justify New Software
“Know your numbers”: it’s a key principle of business. Could your software be producing the wrong numbers, which are used by the top executives to make critical decisions? Having the correct financial engine positions the company for the best opportunity for growth. Businesses of all sizes use financial software to help track key financials and […]
read moreDo you have unrealized profit in your company?
Companies are often focused on improving their bottom lines and with good reason—it directly relates to increasing profits. It is often overlooked the impact a few tweaks can have on profit and the even larger impact it can have on a company’s sustained value. It’s important to work hard AND be smart about your efforts […]
read moreWith uncertain times, it’s never too early to start planning your taxes
With uncertain times in Washington and wrangling over the president tax proposal, it’s still never too early to start planning for taxes. In fact, this year it may take even more planning because of the need for modeling on several different alternatives. Summer is the perfect time to start tax planning. We’re halfway through 2017, […]
read moreFinancial Controller vs. Part-Time CFO for Small Business
Managing the finances of a small business can be, and often is, a full-time job. For many companies, hiring a full-time, qualified Controller can help alleviate many of the pressures placed on CEOs and other C-level executives. But is that always the best solution? What if there was a more strategic, more cost-effective way to […]
read moreEvery CEO Should be Tracking these 5 Financial Metrics
Most CEOs believe they know their numbers. However, describing their revenues, employee headcount, and how much cash is in the bank is not much different from an individual sharing their income, how many children they have, or the available balance on their ATM receipt. CEOs of growing organizations need a more sophisticated picture of their […]
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