vcfo Blog

Welcome to the vcfo blog! Here you will find posts written by our finance, HR, technology and recruiting experts.

Your Company’s Success Depends on Hiring Great People

09.05.2018 | Published By:

Vira Trevino-Garcia

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It All Starts With The Job Description – Know the 6 Key Parts of a Job Description

Too often, writing a job description sounds a lot like ordering items off a menu, “I’ll take one CPA with 5 years of experience and a top tier school on the side.”  This checklist approach of making a list of everything candidates should have in experience, skills, GPA leads to an ineffective approach to hiring. 

Ok, I get it – who has time to write a crafty, attractive job description, right?  Truthfully, it doesn’t have to take a lot of time, but putting just a bit more thought into it can make a significant difference in the candidates you attract.  In case you haven’t heard, it’s a candidate’s market.  They pick the employer even more than the employer picks them nowadays, and the job description is your sales ad. 

We’ve put together a quick overview of the 6 key parts of a job description and how you can design them to help you find the best candidates.

Categories: Recruiting, Recruiting Consulting

Tags: recruiting candidates,hiring methods,hiring,recruiting firms

Two Sets of Books for Revenue Recognition

06.02.2018 | Published By:

Ellen Wood, Austin

It is not too soon for non-public entities to be evaluating the impact of ASC 606 on their financial reporting and other aspects of their business.  It is recommended that businesses undertake and impact assessment and develop an implementation plan and budget.  Allowance should be made for additional resources that will be required to meet the disclosure requirements including the requirement to keep “two sets of books” in the initial reporting period.

Categories: Finance, Finance Consulting, CFO Consulting

Tags: strategic planning,financial strategy,cfo consulting,financial consulting firms,operational advice,revenue recognition

How to Determine if You Need New Accounting Software Part Two - Systems Selection

08.22.2017 | Published By:

Carter Freeman, Denver

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Now that you have done an honest assessment and decided to make the leap to migrate to a new system, what kind of system should you select? Part two of this article covers systems selection and explores several high-level dos and dont's that will help you select the best system. 

Categories: Finance, Finance Consulting

Tags: financial strategy,financial services,strategic planning

Outsourcing vs. Centralizing vs. Offshoring: Which is Best for your Business?

08.18.2017 | Published By:

David Bizzaro

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Looking to streamline your business functions and can’t decide whether you should outsource, centralize or offshore? All three are great options for small business owners looking to increase efficiencies, reduce cost and improve service – so let’s break them down to determine which is the best for your business.

Tags: strategic planning,financial strategy,financial services,small business management

How to Determine if You Need New Accounting Software Part One

08.11.2017 | Published By:

Carter Freeman, Denver

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One of the questions we receive most often is how a company can know when it’s time to make the switch from Quickbooks to a more robust accounting system. As a business owner, how do you decide what system works best for your company, and what should you be looking for? Part one of this article reveals the questions owners and CEOs should consider when deciding whether a change in accounting systems will up their game or just distract their team.

Categories: Finance, Finance Consulting

Tags: financial consulting firms,financial services,small business management,financial strategy

The Single BEST Way to Prevent Financial Fraud

08.02.2017 | Published By:

Carter Freeman, Denver

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Financial fraud makes big headlines – and it’s one of the biggest things that keep CFOs up at night. CFOs do their best to avoid financial fraud, but are they aware where all of the vulnerabilities lie? This article shares the single best way to prevent financial fraud, breaking down the biggest causes of fraud and discussing how you can prevent it from happening to you.

Categories: Finance, Finance Consulting, About vcfo

Tags: strategic planning,risk mitigation,financial strategy,preventing fraud

Top Three Mistakes to Avoid When Growing Your Restaurant Empire

07.10.2017 | Published By:

Bill Schwartz, Austin

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Half of all restaurants close within three years of opening. In fact, what makes a restaurant owner successful when they have one location can make them unsuccessful with multiple locations and concepts. Learn the three fatal mistakes that you should avoid when growing your restaurant empire and the recipe for financial (as well as culinary) success.

Tags: entrepreneurship,strategic planning,operational advice,small business management

How to Fund Your Business

06.22.2017 | Published By:

Carter Freeman, Denver

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Options to fund a business range from family and friends to banks to institutional capital and business owners are best served by understanding the advantages and disadvantages of each option before making this decision. Learn some tips for navigating this process effectively.

Categories: Finance

Tags: financial strategy,strategic planning,financial consulting firms,financial services,operational advice

The Guide to Long-Term Incentive Planning

06.09.2017 | Published By:

Steven A. Cook

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What kind of long-term incentive plan should your business have? vcfo breaks down best practices to avoid employee turnover and how to encourage your employees to reach new goals by using long-term incentives and benefits.

Categories: CFO Consulting

Tags: cfo consulting dallas,cfo series,virtual cfo services

Do You Need a CFO?

05.22.2017 | Published By:

Steven A. Cook

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I often get asked by my peers if their company needs a CFO and it’s not surprising for CEOs with good controllers and accounting managers to struggle with it. The lines between unique skill sets are blurred in many companies; however the differences are important and should not be overlooked. This post explains four key job responsibilities of CFOs and highlights red flags, which are helpful for deciding if it might be time to consider hiring a full time or part time CFO.

Categories: CFO Consulting, Executive Placement Consulting

Tags: strategic planning,cfo consulting,hiring manager,recruiting candidates,recruiting firms,hiring,executive leadership,operational advice