Why do you need an employee handbook anyway? If someone doesn’t know the rules for PTO or how to sign up for benefits, they can just ask. Right? Wrong! Without an employee handbook, your HR professionals could spend most of their time answering the same questions. To prevent misunderstandings and save the sanity of your...
Your company is growing quickly, which is fantastic, but your accounting has also become more complicated. With more cash coming in, aging invoices to pursue, and investors to attract, you simply need more help running your financial and accounting functions. A quick review of the budget reveals little room for a permanent, full-time controller. What...
An Overview of Search Fund Accounting and How a Fractional CFO Can Assist Search Fund Entrepreneurs and Investors
October 18, 2022by Ravix Group
A search fund is an investment vehicle used to raise capital to support specific operators in search of a business to acquire. Search fund accounting involves the financing, recordkeeping, and due diligence that goes along with this process. More importantly, post-acquisition, newly minted entrepreneurs often rely on seasoned accounting executives to guide them through their...
Employee Recognition—What Your Diverse Workforce Expects from their Employer
October 11, 2022by Ravix Group
When you recognize the contributions and accomplishments of employees, you foster employee engagement, boost morale, and create a culture of gratitude and respect. Having a strategic recognition program can give employees the drive to work through difficult projects. Ultimately, it can improve employee retention and productivity, boosting your bottom line in the process. Ravix Group...
The Small Business Killer: How to Protect Your Company Against Bank Fraud
September 29, 2022by Ravix Group
When you think of threats to your small business, you may consider competitors or individuals trying to steal your ideas, lack of customers, or poor economic conditions. You worry about how your product or service will do, or if you’ll make or have enough money to get through the year. One specific area of concern...
Rightsizing Your G&A
September 26, 2022by Ravix Group
Penny wise and pound foolish. That’s a term you hear tossed around regularly. For those unfamiliar with it, we are referring to those who cautiously save a little money on one thing while wasting a lot of money on something else. Here’s an example: you open a credit card just to get the discount, and...
Planning & Forecasting
September 22, 2022by Ravix Group
Tips to Getting It Right (and Avoiding Common Mistakes) Planning is imperative for any situation, but financial planning requires a certain fluidity and finesse. Without solid preparation, lack of direction will cause a manageable situation to devolve into loss and crisis. What good planning consists of: Lucid communication Peer engagement Consistent methodology Successful plans must...
IRC 409A became applicable to employee stock in 2005. It triggered a need for private companies that grant stock options to have their common stock valued approximately once a year. Ravix Group and our partners can provide valuation and outsourced accounting services to startups and other businesses implementing or re-evaluating their stock valuation strategies. What...
Out of the desperation that companies are feeling to find inexpensive alternatives, a deluded solution has arisen — using independent contractors and consultants to do employee work. The general idea is that an independent contractor is an industrial godsend; you do not have to provide them the same benefits or share ownership that an employee...
Financial Due Diligence Checklist for Your M&A
September 14, 2022by Ravix Group
Don’t Let Essential Financial Tasks Fall Through the Cracks If you’re involved in mergers and acquisitions, it’s more important than ever to button down your financial due diligence process. An outsourced controller or fractional CFO companies can bring expertise and an outside perspective to your current reporting processes. During an M&A, you’ll want to take...
