Going into a contract – don’t forget audit rights

Jeffrey Pomeranz wrote this on LinkedIn:   Don’t forget about audit rights. A deal has compensation / fees tied to performance. If a certain threshold is achieved, then payment will be remitted. The problem is the party expecting payment will have no visibility into the actual performance. Sure, the payee may be aware of certain […]

Read More »

Cash Flow Statement vs Statement of Cash Flows?

Why do I need to do a Cash Flow Statement when I have a Statement of Cash Flows?   This is a common question we at SBA * Consulting often gets.  This is also one of the greatest misunderstandings of what accounting is and isn’t.  What is the role of the CPA at a public […]

Read More »

Why is configuring your accounting software is important

I was involved in a start-up where I was the CFO.  Like most start-ups, no matter how well or how badly funded, money is tight, and accounting isn’t a priority.  I disagree with this premise, and you’ll see how myopia comes back to bite the ownership in the proverbial bottom. Business Planning Believe it or […]

Read More »

Great you have a plan – Who knows the plan?

Every time there is a catastrophic event, I ask my potential clients if they have an emergency plan, a COOP (Continuity of Operations Plan) and a business plan. I’m not surprised at the answers, but you may…. The answers are Nope, Nope and yes.  They have a business plan.  How complete it is, or up […]

Read More »

Business models count

Karley Chynces wrote in a LinkedIn article on December 21st, 2021: This morning I was at the gym at 5:45 AM. I counted maybe 10 cars in the parking lot of a gym that has THOUSANDS of members. All those thousands of people who have a membership, maybe a couple hundred go on a regular […]

Read More »

Are you eligible for the ERC Credit?

SBA * Consulting, in conjunction with a strategic partner Bottom Line Concepts is assisting companies obtain an ERC credit. The fee is success based. Please look at this 1-pager on how BLC helps, and here are the criteria as of Dec 2021. Contact us today!

Read More »

Customer Service – Cases of truly despicable service

Customer Service, part of the value proposition of any company. Here is my story with three organizations, large companies, listed companies. All three need to improve their customer service, but two of them provided “truly despicable service”. Customer Service stories I recently had fraud on my American Express Card. The responses by Google and Uber can only be […]

Read More »

Startups need a CFO from the inception

A recent report from the Financial Executives International’s Financial Executives Research Foundation has some interesting highlights. The report outlines those startups that bring on a CFO sooner than later do better. Startups and the CFO “For a startup company the CFO is probably going to sit at the intersection of finance and strategy as well as, depending on the […]

Read More »

You will be hacked!

I just attended a seminar on CyberSecurity given by David P. Weber, JD, CFE. Mr. Weber was the former Assistant Inspector General for Investigations at the U.S. Securities and Exchange Commission, and now is a Professor and Academic Director for the Fraud Management Programs at the University of Maryland Robert H Smith School of Business. His watch words […]

Read More »