Posts by Jesse Ehret
The True Cost of Employees
The True Cost of Employees Companies outsource accounting functions for many reasons: to overcome a talent shortage, to gain specialized expertise, to scale their staff fast enough to keep pace with growth. But perhaps the biggest reason a company considers outsourcing in the first place is to cut costs. They want to do the same…
Read More4 Key Issues to Address Before Implementing a New Vacation Rental Accounting System
Four Key Issues to Address Before Implementing a New Vacation Rental Accounting System The decision to implement an enterprise-class vacation rental accounting system is a major leap for your company. It promises to upgrade your accounting capabilities and help you turn finance into a strategic asset. However, implementing a new vacation rental accounting system isn’t…
Read MoreThe Power of the Cloud in the Time of Covid-19
The Power of the Cloud in the Time of Covid-19 Few technologies are better suited to meet their moment in history than the cloud during the time of Covid-19. Companies with the cloud in their arsenal before the pandemic have found it much easier to navigate through these uncertain times. Alternately, companies without a cloud…
Read MoreThe Importance of Integrated Technology for PSOs
The Importance of Integrated Technology for PSOs Successful professional services organizations (PSOs) share a common trait: they have visibility into all revenue and cost information to consistently meet their financial objectives. While all engineering and architecture firms will have both successes and failures, the key is knowing how to replicate the successes and avoid repeating…
Read MoreTrust Accounting: Crucial For Vacation Rentals
Trust Accounting: Crucial For Vacations Rentals Vacation rental managers are really in the business of trust accounting. No matter what range of services they provide or how many properties they oversee, their fundamental role is to make sure funds flow from renters to property owners (and themselves) correctly. If managers need to get one thing…
Read MorePSO’s: What is your Financial Maturity Score?
PSOs: What is Your Financial Maturity Score? Are you ready to align your strategy, sales, talent, and service delivery to maximize profits? How would you rate your financial maturity? Your finance department must have collaborative tools to drive financial maturity and success. What is Financial Maturity? High levels of financial maturity describe businesses that are…
Read MoreWhat to Look for in an Outsourced Accounting Firm
What to Look for in an Outsourced Accounting Firm For professional service firms in engineering, architecture, or other technical fields, accounting often feels like a necessary evil. No firm can survive without it, yet few want to dedicate the immense resources (time, talent, expertise etc) necessary to do it perfectly. Fortunately, in-house accounting isn’t the…
Read More5 Architectural & Engineering KPIs You Must Measure
5 Architectural & Engineering KPIs You Must Measure What professional services organization doesn’t want to achieve greater financial success? For architectural and engineering firms, today’s market demands that you keep profit margins high if you want to keep pace with the competition. However, financial maturity is not just about crunching numbers; you must be able…
Read MoreOutsourced Accounting: The Secret of Successful Vacation Rentals
Outsourced Accounting: The Secret of Successful Vacation Rentals What differentiates successful vacation rental businesses? Many people assume it’s about having a portfolio of beautiful homes to rent in ideal locations. Others think it’s about how you market the properties or handle the maintenance. All these things are important, of course, but the answer is more…
Read MorePPP Loan Forgiveness Updates
New rules, guidance, applications coming The SBA, in consultation with Treasury, will “promptly” issue rules and guidance, a modified borrower application form, and a modified loan forgiveness application implementing the amendments to the PPP made in the new law. Here’s a summary of the changes with the new legislation: The covered period for loan forgiveness…
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