Consult Your CFO Blog
August 21, 2011
Change the Old Saying "Let the Customer Beware" To "Let the Service Provider Beware"
If a company offers credit terms, sooner or later it will encounter a customer or client who refuses to pay for the products and services it received.
July 01, 2011
New IRS Mileage Rate For 2011
New IRS Mileage Rate went into effect July 1st 2011.
September 01, 2010
Market Share at the Expense of Profitability
It is important to understand that obtaining new clients at any price is not a strong financial decision.
July 01, 2010
Deciding on a New Accounting System
So often companies are forced into investing in a new accounting system because the current one does not work to their expectations, but the real reason for the problem is the poor design from the beginning.
May 27, 2010
The Importance of Reviewing Internal Controls
Ex-CFO at Md. Legal Aid charged in $1.1M scheme
May 01, 2010
Independent Contractor or Employee
States are hiring new investigators in order to assess more small and medium sized company’s classification of independent contractors.
April 01, 2010
Creating an Accounting Policies and Procedures Manual
An accounting manual is an important tool that all companies should create and maintain.
March 01, 2010
Documenting Company Processes
There are 6 reasons to document company processes.
February 01, 2010
Measuring a Company’s Stability and Success
By monitoring your company’s kpis over a period of time, management can determine problem areas.
January 01, 2010
The 10 Key Financial Reports Every Company Should Use
There are thousands of financial reports that your company can write and use, but the following 10 key reports are a must to run your company successfully.
January 01, 2010
New IRS Mileage Rate went into effect
New IRS Mileage Rate went into effect on January 1, 2010.
December 15, 2009
Cash Flow Management Techniques
The old mantra that Cash is King is even more important in today’s economy than ever before.
December 01, 2009
Designing a Chart of Account (COA) Structure
There are 3 fundamental rules that need to be followed when designing a new chart of accounts.
November 15, 2009
Preparing for an Audit or Review
The audit/review annual report is a report card on how well your company’s financial department is performing.
November 05, 2009
The Future Unemployment Insurance Effect on Employers Due to the Recession
Like many states, Maryland’s Unemployment Insurance Trust Fund, cannot sustain the current outflow and must adjust the unemployment insurance rates higher to compensate.
November 01, 2009
The Importance of Maintaining a Clean Financial Report
Depending on whether your company has to go through an Audit, Review or Compilation at the end of the fiscal year it is important that management has the financials prepared accurately and according to GAAP (Generally Accepted Accounting Principles).
October 15, 2009
Designing, Preparing, Executing and Evaluating the Corporate Budget
Whether you are starting out in your career, determining your retirement goals or managing a business, your future success or failure is based on how well you design, prepare, execute and evaluate your strategic plan and budget.
October 01, 2009
Key Factors in Starting a New Business
Entrepreneurs have a vision for a new business, but usually lack one or all of 4 key factors to make it successful.
September 18, 2009
Managing Corporate Costs in these Tough Economic Times
Over the past 6 months we have helped a number of our clients in the following areas: operating cost reduction and process improvement. If you have not done so already, this is the window of time to get your company's house in order, so when the economy turns your company net profits will be increased.
Copyright © 2009 Consult Your CFO, LLC, All Rights Reserved - Website by IMPACT Marketing & Public Relations, LLC [Site Map]