Maybe you don’t plan on doing your annual audit until mid-year. Or year-end. Maybe you plan to delay it until the last possible second. It doesn’t matter. (Well, it does, up-to-date financial statements make a great impression on potential investors. But I digress.) Now is the time to start to get your audit stuff together. …
Today I’m going to continue on with our theme of work habits which can help you to stay on top of the financial, administrative and operational tasks which come with running a business. In the first post, I talked about when, that is, scheduling the work. In the second post, I talked about how, that …
Welcome to the CFO Secrets Blog! In the interests of full disclosure (because, accountants are like lawyers in our penchant for disclosure) here is what CFO Secrets is not intended to do: Share with you my fantabulous tips which will allow you and your company to increase earnings by 300%! In a week! Totally revolutionize your …
It’s the Devil’s Own Contract Clauses, the Sequel! This time, we’ll learn about exclusivity clauses. So, does this mean we are exclusive? Exclusivity in contracts is pretty much the same as exclusivity in dating. It’s saying to one another: “so long as you are with me, you can’t be with anyone else”. This could be …
Something Wicked This Way Comes: Exclusivity Clauses Read More »
At my company, I’m responsible for reviewing and doing a legal sign-off on all contracts. Over the years, I’ve taught various managers to do basic contract reviews. As a result, by the time the contract makes its way to my desk, in addition to the commercial terms being set, the manager often will be able …
First, a warning. I’m stuck using the new WordPress editor and, well, it is not going smoothly. The existing bits and pieces of my site don’t like Gutenberg. And Gutenberg itself? Suffice it to say that it comes off as an old-timey newspaper editor. That smokes and curses a lot. And drinks heavily. While editing! …
The Best Offense is a Good Defense: Sales Contract Templates Read More »
So, those of you who grew up with Sesame Street might remember the classic sketch “Who are the People in Your Neighborhood”, in which friendly Sesame Street adults took us on a musical tour of the neighborhood, and introduced us to local professions. We met teachers, librarians, nurses and the like. We never met accountants. …
Who Are the People in Your (Finance) Neighborhood Read More »
I’m going to start out by noting that what you really need is a process, and not a plan. However I couldn’t come up with anything sufficiently catchy based on the word “process” and Paul Simon was kind enough to provide a clever line that involved “plan”, which is close enough to a process. Albeit, …
I recently started doing some mentoring at Mass Challenge. It’s wonderfully interesting! I get to meet smart people who have come up with amazing ideas and see if I, in my finance-minded way, can provide them some small assistance to bring their plans to life. Recently, a gentleman came to see me with a question …
Recently, I was having a chat with the founder of a startup I’m advising. It’s a newish startup, with a tiny, overworked team. She and the co-founder are going a bit bonkers with accounts payable. They are having problems keeping track of invoices. Stuff falls through the cracks, resulting in pissy emails from suppliers. Other …
