The CFO Blog

Are you still doing your payroll in-house?

Are you still doing your payroll in-house?

We work with a lot of small businesses and often they are challenged covering all the office functions most businesses have to deal with on a daily basis. One of the most critical office function of any business is processing payroll. It’s a necessary function that on the surface seems straight forward but when you take a closer look and examine all the related factors, you may be exposing yourself to unnecessary risks if you handle your payroll in-house.

Horizontal Analysis – Unlock the Mystery Behind Your Financials!

Horizontal Analysis – Unlock the Mystery Behind Your Financials!

By Tom Carbone, Senior Financial Analyst

As a small business owner, have you ever asked your bookkeeper or controller to provide you with an income statement and felt like you’re reading a foreign language? Your eyes probably wander directly to the bottom line. “Hmm…how much money did we make? What!? We had a $40,000 loss? That can’t be right!?!” Then you look at all the rest of the numbers on the page and you’re still not sure why. “Cost of Goods Sold? Gross Profit? Expenses? Where did we go wrong? More importantly, WHY did we lose money?”

A Record Breaking Day

A Record Breaking Day

Today is officially the first day of summer, which also means it is the longest day of the year. We will have approximately 15 hours of daylight. What are you going to do today to make sure you get the most out of your day?