New Hope Network’s Post

Alphia Appoints Fred Jasser as Chief Financial Officer He brings with him a deep understanding of food manufacturing, consumer industry dynamics and the capital markets. #petindustry #petfoodindustry #petindustryleadership

Please help us in celebrating Mills today - as he has been with Connected Accounting for 2 years! Mills is a go-getter who loves crafting the perfect sandwich, collaborating with his team, and spending time with his family. Cheers to Mills today (and every day) as we celebrate his milestone - this team wouldn't be the same without him! . . . #cloudbased #connectedaccounting #growth #finances #accounting #smallbusiness #cloudbasedaccounting #businessfinance #team #accountingfirm #businesstechnology #accountants #businessgrowth #smallbusinesstips #professionalservices #technology #teamwork #success #workanniversary

Congratulations to our friend Ellen Sondee, CFO of PetScreening - a 2024 CFO of the year honoree from the Charlotte Business Journal! 👏 I love her response to: What is your best advice for aspiring CFOs? (click the link to see for yourself) Ellen Sondee is CFO of PetScreening Inc. Why finance as a career? I have always enjoyed problem solving and working with numbers. I felt that a career in finance would offer a wide range of opportunities and would be a challenging field involving analyzing complex data, making informed decisions and constantly adapting to market conditions. Describe a unique challenge of the past year and how you dealt: Since starting at PetScreening in 2022, our headcount has grown almost 50% and we are projected to end the year with almost 100% growth over 2022. Additionally, we will be expanding into new markets in the coming year. These two challenges require me to closely manage cash flow and projections to ensure we are financially positioned to continue to grow at an accelerated pace. What is one key metric or number that represents an accomplishment in your work in the past year? Four — had a clean first-year audit of the company with no material adjustments; implemented a new human resources information system and a new budgeting and forecasting system; in process of closing on a new line of credit for the company at favorable interest rates. What is your economic outlook for the next 12 months? Is your company making any financial adjustments based on that? The economy has recently had strong growth. I expect that the growth will slow down in the coming months but overall will still grow over the prior 12 months. PetScreening is well positioned and will continue to deploy growth capital as intended, with no change in strategy. What is your best advice for aspiring CFOs? Surround yourself with a good network and mentors to guide you. Develop a strong financial foundation, diversify your experience across all areas of finance, become a leader, understand the business you work in, keep informed of accounting and technological change, and strive to continuously learn. Something not everyone knows about you: I was a cheerleader for UCLA. Go Bruins! https://lnkd.in/eDi466EJ

Popcorn & possibilities, anyone? 🍿 We’re giving out a variety of Virtus Group seasonings tonight—just like the variety of work you’ll experience with us. 🌟 Whether you’re into dill, ranch, or cheesy, you get to try it all. Pull up to TCU @ 5:30 and let’s chat about how you can season your accounting career with us. 😎 Virtus Group, Chartered Professional Accountants & Business Advisors LLP Mackenzie Miller

Beyond the Books📊 - This week we are highlighting Staff Accountant, Reegan Alderson. 📚: Reegan enjoys reading, spending time with her friends and family, and playing with her dog, Buck! 🍽️: Her favorite restaurant is Food & Friends in Lewisburg, WV. 💼: She chose Accounting because she has always loved working with numbers and she knew she wanted to establish a steady career doing something that she loves. #TeamSuttle #WV #PublicAccounting #MorethanAccounting

With a new year comes new ideas and new contacts. A great way to get both is to join a winery owner mastermind group. 🍇Get together weekly with other winery owners to discuss the issues that are most important to you. 🍇Get financial oversight from a certified chief financial officer. 🍇Get help to have a successful winery business 🍇Be in business for yourself, but not by yourself

Matthew McKinlay leads our Turnaround and Restructuring Division. With so many economic uncertainties, businesses sometimes face unique challenges. We help distressed companies rebuild and recover. We also help owners close their businesses gracefully, providing the guidance they need to manage their assets and protect their equity interests. Learn more at https://lnkd.in/gqWpGte3

Another RECORD year! I'm super excited to announce that we have just released our year-end audited financial statements and MD&A for the period ending Sep. 30th 2023! Despite incredibly challenging economic conditions and a lot of challenges in the plant-based space, we still managed to post all time record revenue of $3.24M, an increase of 10% from the previous year. Furthermore, our cash used in operating activities fell over 50% from the year previous and our gross margin was 26% of revenue, an increase of 34% from the previous year. All in all, we're growing, becoming more efficient and using less cash to do it. I could not be more proud of our team for all of their hard work, especially Vasiliki McInnes (She/Her) and Katie McInnes for assisting with the audit. We look forward to another exciting year of growth, with new locations set to open nationwide in the coming months! Let's DO THIS! #financials #yearend #auditedfinancials #publiccompany #recordrevenue #stockmarket #franchise #plantbased #vegan #restaurant #fastfood

Meet Jesse Signal, our promising accountant at Wheeler Campbell! Jesse impresses us all with his excellent learning and computer skills, continuously enhancing our team's capabilities. We're excited to see his growth and contributions as he brings fresh energy and expertise to our firm. Say hi to Jesse in the comments! 👋 
#WheelerCampbell #Feilding #Accountant #Accounting #BusinessAdvisory #Advisory

Well, it was just another ordinary day in Lake Wobegon, where all the women are strong, all the men are good-looking, and all the accountants are above average. Working at the esteemed firm of Lake-Tax-Be-Gone, found myself pondering over a cup of coffee reading about Newell Brands. The topic? The recent hullabaloo surrounding Newell Brands, a name as familiar in these parts as lutefisk at a Lutheran potluck. You see, Newell Brands, they're the folks behind Graco, just a stone's throw down the road towards Minneapolis. They make those sturdy baby strollers and car seats, the kind that have cradled half the babies in Lake Wobegon. Then there's Coleman, lighting up my hunting camp with their trusty lanterns, and Rubbermaid – or as I like to call it, Tupperware for the garage. Let's not forget Sharpie pens, the unsung heroes behind every successful garage sale sign, and Ball canning jars, guardians of our prized raspberry jams and pickles. Now, Newell got themselves in a bit of a pickle, not the kind you'd store in a Ball jar, mind you. It's a financial pickle, the kind that us accountants find particularly intriguing. They were caught dressing up their financial statements, making their "core sales growth" look as plump and appealing as Pastor Liz's meatloaf at the church fundraiser. But just like that meatloaf, things weren't quite what they seemed on the inside -Beyond Meat -uffda. In the world of finance, there's a term we accountants like to use – "non-GAAP financial measures." It's a fancy way of saying, "Here's how we did, but not exactly by the book." Newell was using these measures to give their sales a little extra shine, a bit like how Arvid Maki buffs his 1958 Chevy. They pulled forward sales, tweaked accruals, and shuffled around some expenses. All this to make their sales growth look as robust as the bass in Lake Wobegon in spring. But here's the rub: while Newell was busy polishing their numbers, they forgot one of the golden rules of our small town – honesty is the best policy. This story reminds us why we need watchers at the Security Exchange Commission, those vigilant souls who keep an eye on the comings and goings, ensuring everything's as it should be. In Lake Wobegon, it might be Margie at the post office, who knows everyone's business, or it could be me. As I sit here, reflecting on the tale of Newell, I can't help but think about the importance of integrity, not just in accounting but in all walks of life. Whether it's ensuring the accuracy of a financial report or measuring the right amount of sugar for your raspberry jam, it's all about doing things right. So, as the sun sets over Lake Wobegon, casting a golden glow over the fields and the town, let's strive to be honest, to be accurate, and to keep our stories straight, just like our fishing tales. And let's be thankful for the watchers, in our midst. For without them, well, we might just lose our way in the tall tales we tell.