A former client has had to make a change in the accounting manager position at their company, and they hired a new manager before we began working together. We learned that the new accounting manager asked: “Why are you keeping your books on the accrual basis, when...
We have a long-term client that manufactures precision machined products for their customers. One of those customers contributes over 80% of the company’s annual revenues, a situation that has been in place for years. We call that “concentration,” a condition that is...
Smaller companies often do not have the resources to hire a CFO, even a fractional one, yet those intent on succeeding, growing, and profitably exiting have financial issues to address that are often more critical to their survival than they would be in a larger...
Last year we worked with a client in the furniture distribution business, a successful, rapidly growing company with retail customers across the country and suppliers across the globe. They asked us to help them integrate the financial systems of a company they had...
That expression will be familiar to readers who have served on boards of directors or have had some decent board governance training. They will agree with it or not, often largely depending on their relationship with the company. Since I have served on, and chaired, a...
