Accounting Services for Retail Businesses

The accounting needs of your retail business are distinctly different from other professional services providers such as architects or lawyers. The most important difference is that you have to anticipate customer demand and order sufficient quantities of product in advance to satisfy that demand. If your demand forecasting is off and you buy too much…Read more

Fraud, by the Numbers

Fraud: The Numbers that Will Blow Your Mind (& Break the Bank) The numbers don’t lie. Unfortunately, if you’re like 95% of all business owners, your employees do. This is fraud, by the numbers. $7 Billion In 2018, the Association of Certified Fraud Examiners (ACFE) analyzed 2,690 cases of fraud. They found more than $7…Read more

Budgeting for Your Business 101

Just about every business owner knows their market, their product, and their customer base like the back of their hand. But no matter how familiar you are with the nuts and bolts of your individual business, for many, budgeting isn’t necessarily a skill that comes easily. However, proper budgeting can mean the difference between a business that’s…Read more

How to Avoid Common Growing Pains with a New Business

The INC 5000 lists rank the country’s fastest-growing private companies. Being included on this prestigious list has become the hallmark of entrepreneurial success. Many on the list know that fast growth can be painful, but there are things that you can do to minimize the pain. Having earned a spot on the list for the…Read more

5 Signs Your Business Seriously Needs a Controller

There is really no substitute for a Controller, a professional who manages the financial lifeblood of your business. Often, in the early stages, the leaders of start-ups and small companies will manage their finances themselves. However, as their business grows and the finances become increasingly complex, these leaders have neither the time nor the expertise…Read more

How a Naperville Business Consultant Can Help

Years ago, when a business needed financial help or advice, they’d look for an accountant. Today, corporate needs are more sophisticated, and some CPA firms struggled to keep up. Instead of asking for an accountant, ask how a Naperville business consultant can help your business. Business consultants are much more than accountants. They are partners,…Read more

What is a Controller, and Does My Business Need One?

Your finances are the lifeblood of your business, and someone must manage them. As a leader of your business, you need to focus on aspects of your company beyond the day-to-day management of finances, which becomes increasingly complex as your business grows. That’s where the Controller comes in. What is a Financial Controller? A Financial…Read more

Five Ways for Your Small Business to Succeed in 2019

Even if you subscribe to the statistic that a full 80 percent of New Year’s resolutions fail by February, there’s no better time than the beginning of a new year to re-evaluate the way you do business. These types of periodic checkups can help eliminate inefficiencies that may have been “baked into” your business over the years…Read more

Mitigating Startup Challenges

You already have a well-formed business idea and plan. Now it’s time to make that idea a reality. There are many important steps when starting a new business, but the process can be long and confusing for even a seasoned entrepreneur. We recommend prioritizing these start-up essentials to avoid common challenges of a business start-up. …Read more

Klein Hall CFO Services are a game-changer for small business.

For the owners of small to mid-sized businesses, the role of CFO has always been a catch-22. On the one hand, hiring an in-house CFO is an expense that most businesses can’t afford. In-house CFO salaries range from $150,000 to $500,000. Then again, with the challenges of today’s business world, how can you afford not…Read more