May 18, 2020 What makes today’s CFOs different from the finance experts of the past? Data, primarily. In the era of CFO 1.0, the goal was collecting as much data as possible to figure out what was going on. After the evolution to CFO 2.0, the focus shifted to...
Your Year-End Financials: Overcoming Information Deficits in 2020 (Part 2)
Your Year-End Financials: Overcoming Information Deficits in 2020 This is the second article in a two-part series focused on the year-end close process. Businesses are examining their 2019 numbers and making plans for 2020. In the first part of this series, we...
Your Year-End Financials: Managing Overhead Costs in 2020
This is the first in a two-part series focused entirely on the year-end close process. Businesses are looking back over the past year to decide how to proceed throughout the current. Making these decisions isn’t easy and the consequences run deep, which is why it’s so...
The One Asset All Growing Companies Need – Financial Leadership
Vision, drive, ambition, innovation. These are the qualities usually attributed to small businesses that grow into big successes. The truth, however, is a lot more mundane: Most companies sustain growth through sound financial leadership. Growth requires two things....
The Easy Way to Work in Multiple Currencies
Working with multiple currencies is almost as difficult as working with multiple languages. International companies end up investing a significant amount of time, staff, and resources to manage the extra obligations involved with currency exchanges. Worse, if their...
It’s a Small World With Sage Intacct
Every business that has ever attempted to operate internationally has encountered the same obstacle – the world is a huge place. Having headquarters in one location and offices spread around the globe makes it incredibly difficult to manage everything cohesively. All...
4 Arguments Against Outsourcing (And the Truth About Each One)
Phil Lampugnano If outsourced accounting was a perfect solution, every company would do it. That being said, a lot of companies avoid outsourcing for reasons that seem logical on the surface. When you look at what outsourcing accounting actually entails,...
Comprehensive Accounting Solutions from CDH
The hardest part of growing a business isn’t necessarily finding new clients and signing new contracts. The real obstacles come after new business appears and companies have to expand their operations to meet bigger obligations. Maintaining the same speed,...
Replacing Accountants Is More Expensive Than You Expect
In a recent post, we explored the challenges of recruiting and retaining accounting talent right now. Demand for qualified accountants is extremely high at the same time that supply is low and attitudes about company loyalty are changing. As a result, it’s almost...
Life After QuickBooks
For many small and mid-sized businesses, QuickBooks is the preferred accounting software choice for solid reasons. QuickBooks is well-known and easy to use, and it offers the basic functionality that almost any business can use to get off the ground. Unfortunately,...
The Value of Outsourcing – Turning Pain Points Into Prosperity
Accounting is kind of like changing the oil in your car - something that is absolutely necessary but pretty unexciting. So it’s not surprising that a recent Accounting Today survey showed that most businesses under 500 employees choose to outsource some or all...
How to Use Technology to Streamline Back-Office Operations
A recent survey showed that 70% of companies are either pursuing digital transformation or planning to soon. What’s digital transformation? It’s when companies rely on integrated technologies to automate or upgrade everything they do – including accounting....
When You Can’t Find Talent, Outsourcing is Ideal
Professionals change jobs for lots of reasons – better pay, different office environment, new city, larger role etc. What’s important to note is that professionals are changing jobs more often than ever...
Outsourcing – Is it a Dirty Word?
The word outsourcing conjures up a lot of negative images, especially for small business owners. It suggests job cuts, loss of control, and lack of transparency. According to popular thinking, businesses that outsource...
The Cost Advantage of Outsourcing Runs Deeper Than You Think
Cost savings are one of the most widely cited reasons for adopting outsourced services. And while it’s true that outsourcing can help to minimize certain budget items, it’s overall effect on financial health is much bigger than that. In the best cases,...
CDH Accounting Services Provide On-Demand Expertise
There are two sides to accounting. On one side there are the routine processes, things like payroll that happen the same way over and over. On the other side are business opportunities that accounting enables, dynamic forces that change constantly. Most...
Optimize Your Understanding With Outsourced Accounting
Accounting data is both a tremendous resource and a constant obstacle. It’s valuable because it reveals a company’s strengths, weaknesses, opportunities, and threats in unparalleled detail. Yet it’s challenging because analyzing huge amounts of accounting data takes...
Fraud Prevention – The Surprising Benefit of Outsourced Accounting
Accounting fraud is a bigger problem than most people realize. According to a report from The Association of Certified Fraud Examiners, American businesses lost 5% of revenue to fraud in 2018. More alarmingly, private companies and small businesses were the most...
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