John E. Surrette, Jr., CPA, CFE’s Post

Having a chief financial officer with accounting and finance expertise is essential for optimizing cash flows, maximizing profitability and accelerating growth. Here’s what you should know: https://lnkd.in/eUdPzqct

Having a chief financial officer with accounting and finance expertise is essential for optimizing cash flows, maximizing profitability and accelerating growth. Here’s what you should know: https://lnkd.in/ejqS4aJj

Having a chief financial officer with accounting and finance expertise is essential for optimizing cash flows, maximizing profitability and accelerating growth. Here’s what you should know: https://lnkd.in/eKGmJUsR

Having a chief financial officer with accounting and finance expertise is essential for optimizing cash flows, maximizing profitability and accelerating growth. Here’s what you should know: https://lnkd.in/gVqxSn_5

Having a chief financial officer with accounting and finance expertise is essential for optimizing cash flows, maximizing profitability and accelerating growth. Read more in my latest blog: https://lnkd.in/e6S4aKZs

Finance Manager vs Accounting Manager How the duo differs from each other: An Accounting Manager ensures the company’s financial health by preparing tax returns, complying with legal regulations, and tracking financial status. WHEREAS A Finance Manager is responsible for developing and managing the company’s financial strategy. Understanding the distinct roles and responsibilities of Finance Managers and Accounting Managers can help you avoid costly mistakes and make better financial decisions for your business. Want to dive deep into how they differ from each other? Grab the free guide below! How clear are you on the different financial roles within your organization? #financemanager #accountingmanager

Got control issues? We’re here to help. An effective CFO needs a Controller, as an ally who helps and supports them with all the accounting knowledge necessary to run a department. With a Virtual Controller, there is a measured outside advisor. For more information on our Virtual Controller services, please click the link below: https://lnkd.in/eWFJ6yMq #sau #virtualcontroller #accounting

Financial knowledge is essential, even if you’re not in Finance. Here’s why: 📈Understanding financial statements: As a manager, you need to be able to read and interpret financial statements to make informed decisions about your department's budget and operations. Knowing how to analyze income statements, balance sheets, and cash flow statements can help you identify financial trends and areas for improvement. 📈Budgeting and forecasting: To effectively manage your department's budget and resources, you need to be able to create and analyze financial budgets and forecasts. Understanding accounting principles and terminology can help you create realistic budgets and make informed decisions about how to allocate resources. 📈Cost management: Accounting can help you identify and manage costs associated with your department's operations, including labor costs, inventory costs, and overhead costs. By analyzing these costs and identifying opportunities for improvement, you can increase efficiency and profitability. 📈Communication with finance teams: As a non-finance manager, you'll likely need to work closely with your organization's finance team. Having a basic understanding of accounting principles and terminology can help you communicate more effectively with finance professionals, and ensure that you're on the same page when it comes to financial analysis and decision-making. Don't let a lack of accounting knowledge hold you back from being an effective manager. #FinanceForNonFinance #FinancialLiteracy #BusinessFinance #FinanceTraining #FinancialSkills

Financial knowledge is essential, even if you’re not in Finance. Here’s why: 📈Understanding financial statements: As a manager, you need to be able to read and interpret financial statements to make informed decisions about your department's budget and operations. Knowing how to analyze income statements, balance sheets, and cash flow statements can help you identify financial trends and areas for improvement. 📈Budgeting and forecasting: To effectively manage your department's budget and resources, you need to be able to create and analyze financial budgets and forecasts. Understanding accounting principles and terminology can help you create realistic budgets and make informed decisions about how to allocate resources. 📈Cost management: Accounting can help you identify and manage costs associated with your department's operations, including labor costs, inventory costs, and overhead costs. By analyzing these costs and identifying opportunities for improvement, you can increase efficiency and profitability. 📈Communication with finance teams: As a non-finance manager, you'll likely need to work closely with your organization's finance team. Having a basic understanding of accounting principles and terminology can help you communicate more effectively with finance professionals, and ensure that you're on the same page when it comes to financial analysis and decision-making. Don't let a lack of accounting knowledge hold you back from being an effective manager. #FinanceForNonFinance #FinancialLiteracy #BusinessFinance #FinanceTraining #FinancialSkills