Cost and Profit Management in a Volatile Market
Hospitality Industry Accounting How to simplify accounting with a 28 days cycle. How to maintain and even approve accounting when underlying costs are unsteady, for example in the Hospitality Industry. The hospitality industry has bigger problems because the weekend is so important for restaurants. They may do little business on the weekends if they are […]
Complex Problems, Simpler Solutions for Non-Profit Accounting
How tech solutions simplify the problem and processes in nonprofit accounting. Introduction Imagine your organization gets a multi-year grant from the national science foundation. The lead time on the grant is 6-9 months and you have 2 years to draw down on the grant. Also, the money must be allocated toward the commitments you made […]
Bruce Lange on Crafting Retirement Portfolios
and Managing Cash Reserves
I often get asked to provide investment advice because of my background. Many of our clients want guidance on how to invest their reserves, or need help structuring their retirement portfolios. Although I no longer do this for a living, as an MBA in Finance from Berkeley, the long-time Treasurer of a Fortune 500 company […]
The MAT Experience with CFO, Bruce Lange
The genesis of MAT started with a conversation between Bruce and COO Roger Borek. They both had backgrounds in accounting but were working for large corporations; Bruce was a treasurer at Oracle, and Roger sold enterprise planning software at Microsoft. As their conversation progressed, they realized that large corporations were making skillful use of planning […]
Who Can Most Benefit from Outsourced Accounting?
Part 1: Hospitality Outsourced Accounting for the Hospitality Industry (Pt. 1) “My Accounting Team” (or MAT for short) provides the highest level of outsourced accounting services to companies of every type. In this blog series, we would like to articulate a few of the industries we have found benefit the most from outsourcing their accounting […]
Accountants Love Months: The Hospitality Industry Shouldn’t
The Gregorian calendar has been around since 1582. Even then, there was controversy. Some parts of the world waited four centuries to adopt the new calendar. To Fiscal or Not to Fiscal It now seems quite natural that we’d split our fiscal years into these same 12 months of the year. But this […]