The shellfish industry in parts of Massachusetts has been devastated by harmful algae blooms known as Red Tide. Financial chaos caused by millions of tiny organisms. Not unlike the red ink caused by many tens of subscription fees paid by small businesses. Losses...
My past two blogs focused on how to approach an initial accounting review and clean-up. After updating the Chart of Accounts and scrubbing the Vendor and Customer lists, it’s time to reconcile accounts. Account reconciliations will ensure consistency and accuracy in...
As mentioned in last week’s blog, I often conduct an accounting clean-up as part of an initial client review. I like to address chart of account shortcomings first. Once accounts are (re)numbered, merged, inactivated, added, or otherwise modified, I still prefer to...
The role of a part time CFO covers a lot of territory, from accounting program setups to due diligence reviews, even company sales/exits. The one common denominator, however, is the need for an initial review. An in-depth look at current and past financial...
