Category Archives: Accounting & Finance Departments

Building Resilience: The Role of the Finance Department

This week’s article is by John W. Braine, Partner, CFO Edge, LLC. With cybercrime and other major business disruptions increasing in frequency and scope, an essential strategy is to make building resilience the role of the finance department. With its … Continue reading

Posted in Accounting & Finance Departments, CFO Services, Data Security, Disaster Recovery Planning, Financial Leadership, Financial Strategy, Los Angeles, Risk Management | Tagged , , , , , , , , , , , | Leave a comment

Making the Finance Department a True Team Player

This week’s linked article is by Michael K. Menerey, Partner, CFO Edge, LLC. In some organizations, the finance department is viewed by other groups as a necessary evil: continually nagging with requirements on how things should be done or for more … Continue reading

Posted in Accounting & Finance Departments, Financial Communication, Financial Leadership, Los Angeles | Tagged , , , , , , , | Leave a comment

Should You Consider Implementing Project-Based Accounting?

This week’s linked article is by John W. Braine, Partner, CFO Edge, LLC. Project-based accounting (or PBA) is frequently applied by project-based businesses in manufacturing, construction, professional services and government-contracting sectors. Contrasted with standard accounting, expenses and revenue are tracked … Continue reading

Posted in Accounting & Finance Departments, Accounting Systems Design, Activity-Based Costing, CFO Services, Financial Planning & Analysis (FP&A), Financial Reporting, Los Angeles, Project-Based Accounting | Leave a comment

How to Implement a New ERP Software System

This week’s downloadable article is by Sherry Rahbar, Partner, CFO Edge, LLC. While a business owner or executive management team is always deeply involved in ERP system selection, implementation is typically turned over to the IT team with executive management much … Continue reading

Posted in Accounting & Finance Departments, CFO Services, ERP Software, Financial Infrastructure, Los Angeles | Tagged , , , , , , , , , | Leave a comment

Why Owners Must Be Hands-On With Forecasting

This week’s downloadable PDF is by Sherry Rahbar, Partner, CFO Edge, LLC. Budgeting and forecasting are most frequently associated with the profit and loss statement (P&L), but this view can overlook the importance of forecasting cash flow, as well as of … Continue reading

Posted in Accounting & Finance Departments, Budgeting, Business Loans, Cash Flow, CFO Services, Financial Reporting, Financial Statements, Forecasting, Los Angeles | Tagged , , , , , , , , | Leave a comment

The Limits of DIY: When to Use an Accounting Professional

This week’s post and linked full PDF are by Michael K. Menerey, Partner, CFO Edge, LLC. As widespread and preferable as it sometimes is, a do-it-yourself approach is not always best in business – especially in business finances and accounting. When … Continue reading

Posted in Accounting & Finance Departments, AR & AP Management, Cash Flow, CFO Services, Financial Infrastructure, Financial Operations, Los Angeles | Tagged , , , , , , , , , , | Leave a comment

Robotic Process Automation: The Future of Digital Technology

This week’s post and linked full PDF are by John W. Braine, Partner, CFO Edge, LLC. In our recent article, The Need to Bring Finance & Accounting into the Digital Age, we looked at how important it is for finance groups … Continue reading

Posted in Accounting & Finance Departments, Accounting Systems Design, Cost Cutting Strategies, Finance & Digital Technology, Financial Operations, Financial Strategy, Financial Trends, Los Angeles, Risk Management | Tagged , , , , , , , | Leave a comment

Key Steps to Building a High-Performance Finance Staff

This week’s post and linked full PDF are by Mark S. Becker, Partner, CFO Edge, LLC. Given increasingly important finance department contributions to overall strategic direction, it is critical to know and apply the key steps to building a high-performance finance … Continue reading

Posted in Accounting & Finance Departments, Employee Motivation, Employee Retention, Financial Leadership, Financial Operations, Financial Strategy, Los Angeles | Tagged , , , , , , | Leave a comment

Should Your Company Purchase Accounts Receivable Insurance?

This week’s post and linked full PDF are by Arthur F. Rothberg, Managing Director, CFO Edge, LLC. As an executive leading a closely-held business and continually attuned to risk management, the risk of non-payment by a large customer poses a compelling … Continue reading

Posted in Accounting & Finance Departments, Accounts Receivable, Accounts Receivable Insurance, Cash Flow, CFO Services, Los Angeles, Risk Management | Tagged , , , , , , , | Leave a comment

A Financial Team’s Critical Role in Preparing Exit Strategy

This week’s post and linked full PDF are by Mark S. Becker, Partner, CFO Edge, LLC. A financial team’s critical role in preparing exit strategy is becoming more important as an increasing number of Los Angeles and Southern California business … Continue reading

Posted in Accounting & Finance Departments, CFO Services, Exit Planning, Los Angeles, Selling a Business, Succession Planning | Tagged , , , , , , | Leave a comment