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Welcome Scott Goodrich

Focus CFO

He has served as the full-time CFO of 2 companies and has extensive experience in general ledger accounting, financial planning, modeling and analysis, cash forecasting, cost reduction, capital structures, contract negotiation, and successful exits.

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How to Calculate Your Profitability: A Case Study

CFO Simplified

This CFO Simplified client watched profitability slowly disappear—until they incurred a $125,000 loss. Manufacturing variances were caused by a variety of factors, but the summary general ledger (GL) postings didn’t provide an answer. . This information was available from their enterprise resource planning (ERP) system.

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Your Ultimate Finance Department Checklist

CFO Simplified

Mid-sized businesses benefit the most from hiring a fractional CFO. At this level, there is enough complexity that CFO services can positively impact business decisions. We know, however, that hiring a full-time CFO can come with a hefty price tag. In these scenarios, bringing in a fractional CFO can benefit everyone.

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How To Clean Up Business Financial Statements

CFO Share

Instead, use a checklist to exhaustively check all potential problems, identify issues to fix, and plan the correct order to address them. Take the time to examine your item masters, product codes, general ledger mappings, and the structure of your chart of accounts. Develop and execute a clean-up plan.

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5 Accounting Challenges Startups Face and How to Help Them Thrive

The CFO College

Help your startup clients stay cash flow positive with good budgeting and planning services. The rolling cash forecast is one of many CFO-level skills we teach in our program. This data includes a capital plan, proper entity structure, pre-revenue valuation, and raise structure (convertible note or direct equity).

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How do I clean up my financial statements?

CFO Share

Too many general ledger (GL) accounts. Too many general ledger accounts. That can lead to “GL diarrhea”: too many ledgers, multi-page P&Ls, and unusable financial statements. Small business owners benefit from a sophisticated GL structure customized to their business plan. Develop a plan.

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Capitalising on the Fintech apps in APAC

Future CFO

More than 50% of mid-size enterprises plan to automate analytics/BI through cloud applications in the next 12 – 18 months, highlighting the demand for financial reporting and analytics capabilities. 49% of mid-size enterprises plan to automate billing and invoicing processes via cloud applications in the next 18 months.