Jean’s Tips

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A-B-Cs of Accounting and Finance

A-B-Cs of Accounting and Finance The differences between an Accountant, Bookkeeper, Controller, CFO and CPA, and when to enlist each for your business By Jean Latu, CEO, Ingenio Solutions, LLC From the looks of things, the economy is improving and on its way to recovery. If you started your company prior to The Great Recession and you’re still in business, congratulations – you survived! Chances are that you, and your business, are significantly different today than in 2006. You may operate in the same industry, you may have the same business card, but industry shifts, competitive changes, [...]

By | July 11th, 2018|Jean's Tips|Comments Off on A-B-Cs of Accounting and Finance

Part-time CFOs – the Secret Weapon in Business Strategy for Small, Growing Companies

Part-time CFOs – the Secret Weapon in Business Strategy for Small, Growing Companies As the U.S. economy continues to recover and a new level of normalcy is established, small businesses know that their next level of growth requires taking a proactive leadership role in its finances. Many smaller sized companies have a bookkeeper or accountant on staff that accurately records and reports the financial performance of a company. They play a defensive role. The focus of bookkeepers and accountants is mostly historical; they deal with what has already happened. They close out the financials [...]

By | August 23rd, 2016|Jean's Tips|Comments Off on Part-time CFOs – the Secret Weapon in Business Strategy for Small, Growing Companies

When Finance Deadlines and Deliverables Outnumber Your Internal Resources

When Finance Deadlines and Deliverables Outnumber Your Internal Resources As the adage goes, the only thing certain about business is uncertainty. That’s why it’s important for finance and accounting departments to be able to scale quickly and accordingly to the demands, deadlines, and deliverables that the business requires. In speaking with CEOs and CFOs and from experience, tight deadlines may be driven by regulators or a lender who demand financial reporting. Other times there might be a project deadline that is looming and they simply just need additional people to get the work done. [...]

By | August 23rd, 2016|Jean's Tips|Comments Off on When Finance Deadlines and Deliverables Outnumber Your Internal Resources

When Your Company Experiences the Departure of a CFO or Controller

When Your Company Experiences the Departure of a CFO or Controller CEOs and business owners can find themselves in need of critical resources when a CFO, financial Controller or VP Finance leaves the company unexpectedly. When this situation occurs, it can cause a high level of anxiety for the remaining executives because finance and accounting, the lifeblood of an organization, is critical to keeping a business running smoothly. Ensuring that reporting, analysis, payroll, billings, receivables, payables, and cash management are handled in a timely manner is a top-level priority – all key aspects of [...]

By | August 23rd, 2016|Jean's Tips|Comments Off on When Your Company Experiences the Departure of a CFO or Controller