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After 20 years in the business of operations management, one of the most frequent questions I get relates to building a record retention policy and the procedures around it. There are many versions out there, but I’m a simple person. I’ll share my simple version and...
Recently I read a survey of what owners want their accountant/Controller/CFO (here after known as Controller) to tell them. I have also moderated a panel aimed at getting answers to this same question. In addition, I have completed my very own sophisticated survey...
An Accounting Calendar is just a fantastic tool to keep you from feeling overwhelmed. We call it an accounting calendar because we put accounting/back office duties on it for clients so they have due dates, cutoff dates and know when key reports are due. Shane and I...
Sometimes you feel like you are in a fog. You don’t really know where to go and you can’t really see. You just don’t have any visibility. You are just worn out. I am worn out. We worked all weekend and I’m really tired. I’m behind on work and I feel stuck. And then...
The first question you need to answer when thinking about what kind of information you want out of a software system is “What are you going to do with it?” The next question is “How easy can we make the process of gathering the data?” Know what you need Having...
The end of the year always comes as a surprise to me. It shouldn’t, but it does. I think that with Christmas and family and Santa and programs and projects, and, and, and …. that my head is full and by the time that last week of December rolls around, I’m shocked....
Fixed assets, also known as property, plant and equipment (PPE), are tangible assets held for future use in either production, rental or administration. The IRS has new rulings for the 2016 year stating that if you have unaudited financial statements you will...
We have all been frustrated to find out at the last minute we owe tax to our federal or state government. Many times the tax accountant gets blamed for not being able to estimate the amount due. At Atlas CFO, we aren’t tax accountants, yet we have come to have a...
A review is the middle ground between a full audit and a compilation. When do you need a review? Typically companies get a review because their bonding company or bank is requiring it. A change in size, growing to the point where outside assurance is needed, or doing...
This is part of an article we were asked to write, so we're sharing the meat and potatoes. Ratios can be confusing and everyone wants to know what to do with them -- here is a summary. (We'll follow up with what levers to pull to move these ratios in a later article.)...
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