Your Company’s Success Depends on Hiring Great People

Attracting The Best Talent in a Labor Tight Market Part I: It All Starts With The Job Description Know the 6 Key Parts of a Job Description 1. JOB TITLE – Keep it simple and searchable.  It might be tempting to come up with a creative title for the position, but doing that only ensures that job seekers …

Two Sets of Books for Revenue Recognition

You Will Have to Keep Two Sets of Books if Impacted by the New Revenue Recognition Standard. It is not too soon 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.  …

Managing Director Rob Curry Joins vcfo

vcfo Welcomes Rob Curry as Managing Director for the Dallas Market Rob Curry has joined vcfo Dallas as the Managing Director, contributing 30 years of experience in finance and operational leadership, as well as culture building to the team.  He has repeatedly demonstrated his ability to improve operations, affect business growth, build focused teams, implement …

Seven Common Mistakes in Strategic Planning

Strategic planning can be critical to the success of a business. As a Consulting CFO, I have been engaged in many strategic planning sessions over the years and I find that there are common mistakes leaders make. Here are some examples and ways to mitigate the challenges.   Using an internal facilitator who does not …

Russell Naisbitt Announced as Houston Practice Manager

Russell Naisbit, Practice Manager Russell Naisbitt promoted to Practice Manager for our Houston Texas office. Russell is a strategic financial leader with a broad and diverse base of industry and functional experience. He brings demonstrated experience with acquisitions, divestments, mergers, strategic planning, business turnarounds and funding transactions. Previously, Russell has held leadership positions with Aquila …

Ashford Chancelor announced Practice Manager for North Texas Region

Ashford Chancelor, Practice Manager vcfo is pleased to announce Ashford Chancelor as the new Practice Manager for our North Texas office. Ashford is a profit-driven and visionary professional who excels at driving organizational and financial change, turning around struggling organizations, and launching profitable and stable startups in high-profile corporate, and nonprofit organizations. He has a proven …

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

In part one of this series, I identified the considerations you should keep in mind when deciding whether or not your company has outgrown Quickbooks. Part two covers how systems selection is the first big hurdle in a conversion.  Selecting the “wrong” system is not an uncommon mistake and the “right” system may be one of several …

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

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. Defining the Options When it comes …

How to Determine if You Need New Accounting Software Part One

How To Determine if You Need New Accounting Software Part One - vcfo

A common concern for many of our clients is in regards to their accounting software, specifically QuickBooks. Deciding when to make the switch from QuickBooks for a more robust accounting or Enterprise Resource Planning (ERP) system is no trivial matter. On the one hand, once a company has outgrown QuickBooks, remaining with it may limit …

The Single BEST Way to Prevent Financial Fraud

The Single BEST Way to Prevent Financial Fraud - vcfo

Financial fraud is a bad scenario for business owners. Beyond the embarrassment or the financial loss, fraud can also result in the termination of a long-term employee. A few factors may put a company at risk; however, the primary cause is a lack of internal controls and oversight. We also find that a lack of …