Ask the CEO or CFO of any small or midsize business if there are ways they could improve their finance function, and chances are you’ll hear something like: “We run pretty lean.”
Look around the offices of the finance department, and you’ll find plenty of evidence to back that up. Everyone is busy, no question, and [...]
Can going paperless save you money?
It might be an exaggeration to say that smaller companies are “drowning in paper.” But, no question, an overreliance on hard copy creates an obstacle to the healthy, efficient functioning of their finance departments.
Take accounts payable, for example. More than 84 percent of all invoices are still received on paper [...]
If ever there was a time for finance to step up and demonstrate its value to the organization at large, this has got to be it. Right now.
There’s a massive change under way in companies’ strategic orientation, as business leaders turn from navigating the later stages of recovery to pursuing outright growth. According to Deloitte’s [...]
A small business owner typically can’t afford to hire enough people to have proper separation of duties to gain the internal controls needed to prevent accounting fraud. However, every business owner can achieve accounting fraud prevention by taking these simple steps:
1. Open the bank statement yourself
Every small business owner should receive the [...]