This blog post was originally posted on Austin Technology Council's weekend update on August 19, 2016.
Poor financial controls can create significant waste, fraud, or decreased credit rating – yet it happens to thousands of businesses every year. A sound internal control environment is the foundation .
As the leader of your company, it is your job to make sure everyone is moving in the right direction but if you don’t have good financial reporting on your company’s current status then how do you .
Just about every company will experience employee fraud in their lifetime. Companies should look at their finance department and understand how they process financial transactions to see if they are .
Businesses may understand what their clients and customers need, but cannot sustain consistent growth without a complete, continuously updated financial picture. We’ve seen this happen time and time .
Its one of the most gut-wrenching moments for any business owner or executive (and we have all been there!) – the moment when you realize that revenue from a job or a sale was less than it should .
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.”
Markup vs Margin Differences Is there a difference? Absolutely. More and more in today’s environment, these two terms are being used interchangeably to mean gross margin, but that misunderstanding .
