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The accounting industry is in the midst of changes as it struggles to cope with the fallout of the global financial crisis. The crisis made a major impact on several businesses all over the world, causing them to reexamine their business processes and strategies. It has also made them look at their own accounting departments and take steps to update

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In any business, a chief financial officer is a vital position. The responsibilities of a chief financial officer, also known as a CFO, have a tremendous impact on a company. Whether you’re looking to hire a CFO or revamp your existing CFO’s job description, having an understanding of their typical responsibilities can strengthen your company’s mandate.

Accounting services are always going to be something that small (and even medium to large) business owners need to consider. When you reach a certain level of success, you’ll need other individuals to help handle the financial tracking of your endeavours. Failing to do so could result in loss of profit, and in the worst-case scenario, complete business closure. There

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In the era of going paperless, it’s easy to save your business’ financial statements, but how long must a company keep business records for?

While essential to a company’s financial health, bookkeeping can be a responsibility shrouded in mystery. Having an understanding of this important function and how it can help your accounting department can empower you to be a better business owner.

Treasurers and controllers both serve important financial functions within a company, but their responsibilities are quite different. Financial controllers head the accounting department, in a way, since they supervise the accountants and manage the books of the company. They make sure that the financial reports are done in a timely and proper manner for the management’s review.

Every business has a different strategy and set of goals, and with this, a unique set of business problems. While we at NuVest Management Services recognize that there is not a one-size-fits-all approach to handling a company’s business needs, there are many instances in which outsourcing can provide the appropriate solutions.