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To Improve Cash Flow Management, You Must Have This

Posted by Stacy Luft on Tue, Apr 09, 2013


Tax time is usually the time when most small business owners think about their bookkeeping system. All year they have been collecting receipts in a drawer and it isn't until about a month before the tax accountant calls that they think... "Uh oh, I have to get my books in order so I can get my taxes done!" This is also the time of year when I'm asked to help someone set up a system for the bookkeeping and help them organize their work because they don't want to "go through this again next year".

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Topics: CFO For Hire, Cash Flow Statement, Small Business Consultant

Changing Bookkeeping Services Like You Change Your Underwear?

Posted by Stacy Luft on Tue, Jul 31, 2012

I’ve changed bookkeepers five times in the last three years. I just can’t seem to get what I need. Bookkeepers are all the same.  I hired a new bookkeeper last month, and all he’s done for the last month is push papers and dig in the filing cabinets. I had to stop what I was doing to tell him to stop. I said “Just leave that. Putting all that paper in order is a waste of time. I hired you to fix my money problems, not file papers.”
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Topics: Financial Planning, CFO For Hire, Bookkeeping Services

Financial Consultants: Bookkeeping vs. Accounting: Why You Should Care

Posted by Stacy Luft on Tue, May 15, 2012

What is the difference between bookkeeping and accounting and why should I care?

What is Bookkeeping?
  •  Bookkeeping is the recording of daily transactions that follow a defined process in a cyclical manner. Bookkeeping is broken down into parts such as Accounts Payable, Accounts Receivable and Payroll. Think of bookkeeping as the foundation of your financial data.
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Topics: Financial Planning, CFO For Hire, Financial Consultants

CFO For Hire: Please Turn Down The "Financial Noise"!

Posted by Stacy Luft on Thu, Dec 01, 2011

I’ve been thinking about all the noise and distractions we have in our lives and I have begun to question how much do we REALLY need? One thing I did for myself was to cancel a few magazine subscriptions that I never make the time to read. I say “make” the time, because if I was truly interested in the content, I’d make the time. (I read a good portion of my day, every day). I then started to wonder how I could apply the concept of eliminating noise from my business, when I realized that in the capacity of a CFO For Hire, it’s what I do naturally for my clients.

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Topics: Small Business Finances, Financial Planning, CFO For Hire