Many businesses are adopting social distancing strategies, including increased use of remote workforces to adapt to and fight through the Covid-19 crisis. Completing monthly, quarterly or annual financial reporting activities can be challenging to accomplish remotely, so we share our experiences in assisting clients to do so in this article. With thoughtful management, the efficiency… Continue reading Thoughts About Your Accounting Close and Financial Reporting with a Remote Workforce
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Case Study 2020 Business Services Assignment
Issue: The Board of a recently acquired Private Equity portfolio company had identified significant deficiencies in the accounting/finance function, most importantly the department’s inability to produce accurate and timely financial statements/reports. There was no confidence in the finance department and the company lacked a permanent CFO. The company needed an assessment of the situation and… Continue reading Case Study 2020 Business Services Assignment
View Our Webinar: Business in the Time of Coronavirus
The link to view the webinar, Business in the Time of the Coronavirus can be found here. Information on the event can be seen below: How can your business adapt to the new normal and plan for an uncertain future? How can the provisions of the CARES Act and other related stimulus help your business… Continue reading View Our Webinar: Business in the Time of Coronavirus
Newsletter – April 2020
Thinking Ahead – Accounting for Loan Losses During and After Covid-19 One of the many challenges posed by the current health crisis is the need for lenders to reassess their borrowers’ ability to repay their loans. While it may seem unfair, or even unseemly, to have to address this issue at this time, financial institutions… Continue reading Newsletter – April 2020
Cash Forecasting
Cash forecasting, always important, becomes even more highly critical during times of economic disruption. Here are some key points to consider for an effective process: 1. Use a segmented approach to avoid over forecasting cash inflows. Consider customer segment, size, and seasonality – tax time could drive slower payment behavior for all types of clients.… Continue reading Cash Forecasting
Survive, Stabilize and Thrive – CRE Coronavirus Impact
Over the last week we have seen unprecedented actions to attempt to minimize the impact of COVID-19 on us and give our health care system the ability to support us during this crisis. As a result, it has affected our normal day to day activities, resulted in the closure of all non-essential businesses and has… Continue reading Survive, Stabilize and Thrive – CRE Coronavirus Impact