Tag Archives: financial consulting firms

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.  …

How to Determine if You Need New Accounting Software Part One

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 …

How to Fund Your Business

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. Read more below for tips on navigating this process effectively. Overview of the Stages: Even though every company has a timeline, …

The Difference between Finance and Accounting

In our practice, we often talk with companies that are seeking investment and/or debt. Many of these companies have an accounting manager or controller that has been assigned the job of talking with a potential investor or lender. And many of these conversations do not result in success in the endeavor of acquiring the debt …

Top Blogs of 2016

As we kick off the new year, we are remembering our most read blogs from 2016. From compliance to strategy to valuation, we covered a variety of finance, HR and recruiting topics and best practices, realized through our own experiences and takeaways from helping clients address their business needs and concerns. 1. Complexity vs. Simplicity: …

How suppliers can prepare for aircraft manufacture cost-cutting demands: 5 key steps

From a competitive standpoint, 2016 has been a choppy year for major aircraft manufacturers. Intense pricing competition between Airbus and Boeing, as well as increasing competition from Bombardier, have led both companies to pursue cost-cutting efforts. The ripple effects to suppliers from Boeing’s latest efforts, including requests for longer payment terms, have significant business implications. …

Build the Best Budget for Your Business

As we begin Q4 and near year-end, businesses should begin preparing for 2017. While many companies may begin aligning its workforce or implementing strategies around technology process improvements, now is the time to dive into budgets. Budgeting and forecasting enables businesses to determine the right process and people improvements based on their individual growth plans, …

Considering international sales? Five questions to help balance credit risks and competitiveness

For many companies, a jump to international sales can open up exciting growth opportunities. But it can also be much trickier to balance risks and rewards in foreign markets compared to domestic markets. Credit risks in payments are a case in point. This blog post examines the risks of typical international payment structures as well …

The Payday Loan Industry Moves to Business

As the Consumer Protection Agency places ever increasing restrictions on the payday loan industry aimed at individual consumers, the industry has been moving its focus to small and mid-sized distressed businesses. Revitalization Partners recently spoke with a company that is a supplier to large aerospace companies that, in addition to a standard business bank loan, …

Celebrating 20 Years of Service

As CEO and founder, I’ve had the opportunity to watch vcfo grow throughout its 20-year history. Over the years, we’ve worked with more than 3,000 clients of various industry segments, sizes, life cycles and locations. While our original core offering was fractional or part-time CFO solutions for small, start-up or emerging businesses, we’ve grown just …