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Does your business have multiple revenue and cost streams? Be sure your accounting set up is providing the insight you need to determine profitability of each business unit. The simplest way to ensure that you have the information you need is to utilize a Class system within...
As a provider of part-time CFO and Controller services, the above question is usually the first question asked by potential clients. Titles such as Bookkeeper, Controller and Chief Financial Officer(CFO) can get tossed around rather loosely in the small and medium size business...
Financial reporting for inventory might seem like a straightforward matter – just add up all the costs to produce the inventory, right? Not quite – there’s more to it than meets the eye. Method The method of inventory costing chosen and the assumptions employed to allocate...
On April 22nd, Opus Consulting Group hosted a webinar in partnership with the American Camp Association, New England to discuss the critical aspects and steps that summer camp businesses can take to safeguard their cash and protect assets during the COVID-19 pandemic. Our...
Opus Consulting Group hosted a webinar in partnership with the law firm Murray Plumb & Murray to discuss the critical aspects and steps to safeguard the cash in your business, protect your assets during the COVID-19 pandemic. As Congress just approved an unprecendented $2...
Opus Consulting Group hosted a webinar to discuss financial contingency planning and we thank all who participated and joined us. We presented a contingency planning framework and focused on financial stress testing. Participants gained insights into the contingency planning...
Andrew Wood interviewed with Matty B and Justin Starbird on the Proven Profitable segment. Justin Starbird is the CEO with the Aebli Group, a full-service marketing firm in Maine which is driving this year's Maine Business Expo. Check out our podcast to learn more about the...
Having a great business plan and running that business are two very different things. One important point that we like to highlight is the difference between a Bookkeeper, Controller, and Chief Financial Officer. For small and medium sized businesses, these terms can get tossed...
Many restaurant owners are very passionate about their restaurant and the food they serve, but have little business experience and financial knowledge. Running a restaurant can be very complicated and takes thorough research and analysis. It is very common for restaurant owners...
We have all heard the saying that “Cash is King,” and any company’s end goal is to generate cash from a core service or manufacturing of goods. The Statement of Cash Flows can be seen as the most valuable tool in assessing a company’s true health by providing insights beyond...
We thrive in ambiguous and uncertain environments.