When Does a Paper Trail Make Sense for Employee Records? Your HR team is responsible not only for hiring and managing your staff, but also maintaining personnel files to meet applicable regulations. It’s important to set aside space in a secure facility so that you can restrict access to employee data. Electronic recordkeeping recommended by...
Sound Advice from the Best HR Outsourcing Companies To earn trust, you have to show it. This old adage is as true on the job as in other life circumstances, and the statistics back that up: Employees who feel trusted report 74% less stress and 40% less burnout. Employees who have the confidence of their...
Implement Checks and Balances for Transparency & Accountability Bernie Madoff: embezzler, thief and downright cheat. It is now common knowledge how the once trusted and revered Wall Street investment advisor scammed his investors out of at least $50 billion, proving that a friendly face can actually be the face of fraud. While his lies quickly...
Benefits of Outsourced Accounting in San Francisco Leadership in and through the field of accounting marks the difference between companies that are solid and stable versus companies that are unreliable and questionable. Companies whose fiscal foundation is questionable may well jeopardize a start-up’s IPO or acquisition prospects while those companies whose fiscal integrity is solid...
Why Do Startups Outsource Accounting Functions? If you operate a high-growth startup, you’re probably looking to raise venture capital. In this case, your management team needs access to carefully prepared profit and loss statements, balance sheets, and other critical reporting. You need experienced professionals with the knowledge and know-how to help you choose a quality...
Importance of Budgeting and Financial Planning in Small Business Start-ups
June 7, 2022by Ravix Group
When you start a new business, chances are you have to borrow money to get off the ground. In the earliest stages, you need to know your numbers cold. However, spending all your time in financial planning and analysis keeps your leadership team bogged down in details. Consequently, these tasks, though essential, are sometimes best...
If you ask any savvy business owner what the backbone of their company is, they will most likely tell you it’s a strong financial foundation. Without sufficient cash flow, companies cannot properly handle ongoing expenses and incur large amounts of risk and debt. Likewise, lack of financial organization can lead to unsatisfied employees and clients,...
