August 19, 2021

Grow Your Business Without Hiring More Financial Professionals

Traditionally, businesses had to employ an internal team of financial professionals to handle all of their bookkeeping, accounting, and other financial management needs. When businesses grew, there was no choice but to hire more employees to keep pace with the additional workloads. And if business growth eventually stalled, businesses would often have to lay off employees, before repeating the cycle when business picked back up. Today, to avoid the cost and expense of expanding their internal teams, many growing businesses instead choose to outsource some or all of their finance and accounting responsibilities to outside professionals. It’s important to reiterate […]
August 5, 2021
Woman counting money

The Post-COVID World Means Cash Flow Challenges for Staffing Companies

As we transition out of the COVID-19 pandemic, temporary staffing companies are likely to see a rapid uptick in demand that will bring with it new challenges—particularly in managing cash flow. People are returning to work Early in the pandemic, in April 2020, the U.S. unemployment rate reached 14.8%, the highest rate since data collection began in 1948. By May 2021, the unemployment rate had dropped to 5.8%, which is still far higher than the pre-recession (February 2020) rate of 3.5%. What those figures show is that thousands of people are returning to work, leading the country in the direction […]
July 22, 2021
Aaron, Vince, and James Standing in front of tv

5 Reasons to Choose FSS Group

If your business or nonprofit is like many others, you can’t afford to hire full-time employees to perform all of your accounting, bookkeeping, and office management tasks. Instead, you’re looking for reliable outsourcing services, provided by experts with experience in a range of accounting and financial management tasks. Needless to say, we think FSS Group is the right outsourcing choice for your organization. Here are five reasons why. 1. We offer expertise in multiple areas Some outsourcing firms only offer expertise in accounting or IT. At FSS Group, our experts provide an incredibly wide range of services, including: Management accounting […]
July 8, 2021

Build A Better Budget for the Post-COVID Era

Nonprofit organizations have long struggled to build budgets based on accurate forecasts of operating expenses and revenue. The usual struggle is especially heightened this year, given uncertainty around the pace of recovery from the COVID-19 pandemic. Reasons for Budget Struggles If your nonprofit struggles to create accurate, timely budgets, odds are the reason is that you’re still relying on spreadsheets for budgeting, forecasting, and planning. While Excel and similar solutions can be a good place to start for young nonprofits, as your organization grows and your needs become more complex, you’ll run into a number of challenges with spreadsheets, including: […]