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...
OK. You’ve survived the first few days, post ID theft. You now have a secure computer, perhaps even a new cell phone, and you are ready to clean up or unfreeze certain accounts. Proceed knowing that many of your accounts may not recognize your...
Your worst suspicions have been realized. Perhaps there were unauthorized charges to your credit card, or a loan opened in your name. Maybe your computer is working more slowly, or a strange code flashes onscreen momentarily when you attempt to reach certain...
