In a startup, focus on internal controls and building a sustainable business to increase shareholder value. When your startup is pre-revenue, pre-launch, there is a tendancy to focus 100% of your efforts and resources towards building your product or service Read more…
Even if you are a small business, you can still set up a strong internal control and fraud mitigation framework with proper separation of responsibilities. Every time money is going out the door, you want to have multiple people involved Read more…
Here’s a quick primer on how the e-commerce Order-to-Cash model works from a high level. First the order comes in on the website, then there are two parallel processes for that run for each order. The first is the cash Read more…
Here’s a quick primer on the key aspects of the 1099-MISC and 1099-K. It’s that time of year again. Time to comb through your payments records and get everything organized for 1099-MISC reporting. What many don’t realize is that if Read more…
We hired a temporary receptionist in our small office in Central America. I was working a regional financial leadership role at the time. The agency we contracted with to hire her found out she was pregnant and fired her the Read more…
I was in a regional finance leadership role. I flew to meet with our accounting firm in the Caribbean. When I got to the office, everyone was looking very nervous. We chatted while we waited for the firm’s owner to Read more…
Leading internationally diverse teams that span different languages, cultures, and geographies can be complex to say the least. Throughout my career, I have led and managed direct and indirect reports in Puerto Rico, New York, Panama, Costa Rica, Honduras, Guatemala, Read more…