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Articles

Values-Based Performance Reviews Explained

2 months ago | peoplemanagingpeople.com | David Rice |'s Tip

Key Takeaways Values Over Metrics: Performance reviews now emphasize alignment with company core values alongside results, fostering a culture of purpose, accountability, and engagement. Accountability Boost: By focusing on values, companies encourage accountability, motivating employees to take responsibility for their contributions and behavior.
Create Impactful Development Plans for Employees (Template)

Dec 3, 2024 | peoplemanagingpeople.com | David Rice |'s Tip

Key Takeaways Adapting to Change Matters: Embracing technological advancements and evolving roles is essential for organizations to remain competitive, making employee development plans vital for adaptation and success. Boosting Morale through Development: Focusing on growth opportunities for employees not only enhances their skills but also improves morale and job satisfaction, fostering a more engaged and motivated workforce.
Understanding Recruitment Audits: A Comprehensive Guide

Aug 26, 2024 | peoplemanagingpeople.com | Mia Fischer |'s Tip

Key Takeaways Audit Anxiety, Be Gone!: Audits can be intimidating, but they don't have to be. Understanding the process can reduce fear. Recruitment Review: Not So Scary: A recruitment audit might reveal some areas that need improvement, but it's a step towards better hiring practices. Unlocking Good Surprises: Audits can also reveal positive findings, offering a chance to celebrate what's working well. The word audit is scary.
Integrated Accounting Software: What It Is & How To Best Use It

Aug 8, 2024 | thecfoclub.com | Simon Litt |'s Tip

Swiss Army Knife for Finances: Integrated accounting software centralizes various accounting tasks like bookkeeping, invoicing, inventory, and payroll into one platform, reducing errors and streamlining data management across your business. All the Right Modules: Core components include General Ledger, Accounts Payable, Accounts Receivable, Inventory Management, Payroll, and Reporting. These ensure comprehensive financial management and real-time updates across all functions.
10 Business Money Management Tips To Stretch Your Cash Further

Jul 31, 2024 | thecfoclub.com | Moira Alexander |'s Tip |Lead-Her-Ship Group

If cash flow is a worry, I'd like to start out by giving you the small comfort that you aren’t alone. Business money management is on the mind of pretty much every business owner, leader, and manager out there. How can I extend my runway? Should that cash be invested? What in? I get it. After recently finding myself stressed about money (again), I decided to write down the 10 strategies I’ve implemented to help control costs, optimize cash flow, and finally allow me to take a vacation.
How To Write an Accounting Software RFP

Jul 4, 2024 | thecfoclub.com | Moira Alexander |'s Tip

You’ve been asked to send out a Request For Proposal (RFP) for accounting software. No biggie, right? Well, kinda — it’s a small biggie (mediumie?) if you haven’t done it before. But don’t worry, follow along, and you’ll be writing an amazing accounting software RFP in no time. An accounting software RFP as a public “call” for different vendors to solicit your business, explaining why they’re the best option for your specific needs.
How To Quickly Reconcile a Bank Statement (4 Easy Steps)

Jun 28, 2024 | thecfoclub.com | Arjun Ruparelia |'s Tip

Bank reconciliation statements can seem confusing. However, learning how to reconcile a bank statement is easy once you understand the possible reasons for differences between ending balances in the bank statement and the cashbook. In this guide, I explain the two types of differences and how to deal with them, as well as how to prepare a bank reconciliation statement from scratch. Let’s dive in.
6 Must-Have ERP Features & Why They Matter In 2024

Jun 25, 2024 | thecfoclub.com | Simon Litt |'s Tip

In the last 5 years, there has been a major shift towards cloud-based ERP software with features that old-school systems couldn't have conceived of. For instance, modern ERPs are increasingly incorporating AI and ML capabilities to enable intelligent automation, predictive analytics, chatbots, and personalized user experiences. Sound cool? It is. Here are the key features you want to be looking out for when selecting an ERP system.
10 Ways To Streamline Month-End Close (Without Cutting Corners)

Jun 25, 2024 | thecfoclub.com | Moira Alexander |'s Tip

Limited resources, lack of process standardization, manual workarounds, poor coordination, data inaccuracy… sound familiar? You aren’t alone. These are the things that make the month-end close a royal pain in the… rear. We’ve already covered how to create an ongoing month-end close checklist, so I wanted to focus on ten other ways to sustainably streamline month-end—without cutting corners.
5 Experience-Based Tips for Managing Accounts Receivable (When Doing It Yourself)

Jun 25, 2024 | thecfoclub.com | Moira Alexander |'s Tip

Small business owners spend too much time collecting accounts receivable (AR), rather than running their business — I’m not criticizing, I get it. As a small biz owner myself, I’ve had the same struggle. But here’s the thing: I don’t have that problem anymore. This is my advice for how to manage accounts receivable — oh, and PS, it doesn’t involve you hiring extra help.