News & Blogs
CDH NewsEngaging in the Recruiting Process to Create a Championship Team
by Bernie Lietz | Feb 26, 2018 | Blog, Human Resources
As the college basketball season kicks into high gear I am struck by the similarities between the elements it takes to create a championship basketball team and the expectations of a recruiter working for any business. Being an HR professional, I spend a great deal...
ASC 606 – The New Revenue Recognition Standard Will Change How Companies Recognize Revenue. Are You Ready?
by Andrea Krueger | Feb 27, 2018 | Assurance, Blog
The new standard requires significant management judgement and the changes will impact software, procedures, systems, and financial reporting. CDH is here to discuss these changes with you and be your trusted resource. How will these changes affect my business...
Why QuickBooks Fails on New Revenue Recognition ASC 606
by Frank Therrien | Mar 19, 2018 | Blog, Sage Intacct
Here’s one reason why QuickBooks can’t handle the new revenue recognition rules…… The new revenue recognition rule, ASC 606 takes effect for public companies in 2018 and in 2019 for private companies. Here’s how QuickBooks will “handle” the new revenue recognition...
ASC606- Revenue Recognition Standards
by Brenden Norberg | Mar 21, 2018 | Assurance, Blog
The biggest accounting standards change since the implementation of the Sarbanes Oxley Act back in 2002 is hitting the accounting profession – a change to the revenue recognition standards. This new standard, known as Accounting Standards Codification (“ASC”) 606-...
Product Line Profitability
by Bernie Lietz | Mar 21, 2018 | Blog, Executive Focus
Over the years I have worked with a number of companies in the consumer products arena. One of the critical topics of discussion is always product line profitability. Which of our products truly contribute the most to our bottom line? In connection with the issue of...
Employees Requesting More Feedback
by Bernie Lietz | Mar 22, 2018 | Blog, Human Resources
Over the last two years HR professionals have been grappling with the idea of ditching annual performance reviews. Historically, both the employees and supervisors dread the annual review process, at the same time, many supervisors believe they have regular contact...
Revenue Recognition- Lessons from Public Co Adoption
by Andrea Krueger | Apr 17, 2018 | Assurance, Blog
Revenue Recognition – Bite-Size Education Lessons from Public Company Adoption Lessons from Public Company Adoption: The new Standard often requires companies to obtain new information to meet the accounting and disclosure requirements Even though the effect on...
The Accounting Technologist
by Frank Therrien | Apr 18, 2018 | Blog, Sage Intacct
Today most accountants consult on traditional services like tax, compilation and audit. The new accounting vision is to become more tech savvy and advise clients on moving away from older/out of date/on-site legacy ERP/accounting systems so they can close the books...
Executive Focus can help manage your Operating Expenses
by Bernie Lietz | Apr 18, 2018 | Blog, Executive Focus
Executive Focus can help manage your Operating Expenses. I have noticed this year that many of my clients gross profit %’s are on track to last year and budget, but there appears to be a disconnect with some companies in regards to some higher operating expenses. Of...
Salary Structure
by Bernie Lietz | Apr 23, 2018 | Blog, Human Resources
Salary History Bans Lead to Salary Structures to Reduce Gender Pay Gap Recently, policymakers in multiple states, including Illinois, have been pressing to ban employers from asking applicants to provide their salary history. This has been a question asked by many...
Why Dashboards Matter – Sage Intacct
by Frank Therrien | May 21, 2018 | Blog, Sage Intacct
Good dashboard design with the right metrics provide the value add when a client signs up to upgrade from older legacy systems. Sage Intacct provides the relevant dashboards by role to key in on these highlights and drive your business forward. Dashboards in Sage...
The Lifeblood of an Organization’s Success
by Bernie Lietz | May 21, 2018 | Blog, Executive Focus
The Lifeblood of an Organization’s Success Over the many years that I have been consulting with manufacturing firms it is no surprise that the most successful of those firms are the ones that are very focused and aggressive in the area of new product...
Harassment in the Workplace
by Brenden Norberg | May 25, 2018 | Blog, Human Resources
Harassment in the Workplace Today it was McDonald’s, yesterday was Uber. It seems like every day brings new sexual harassment allegations against prominent figures and corporations. Since the #MeToo movement brought the issue of sexual harassment center stage, experts...
New Cloud Accounting System? How to Increase Customer Engagement
by Frank Therrien | Jul 18, 2018 | Blog, Sage Intacct
It is key to increase customer engagement when upgrading to a new cloud accounting system, like Sage Intacct. It is important to have a good strategy set before the kick off meeting. Engaging the customer should be a continuous process from the selling cycle, to...
Managing Labor with a Record Low Unemployment Rate
by Bernie Lietz | Jul 18, 2018 | Blog, Executive Focus
For many of my clients, 2018 brings good news for employees, but most employers are facing tougher times filling positions as the job market continues to tighten its grip. For the month of May, the economy added 180,000 jobs and pushed the unemployment rate to an 18...
LEADer in the Spotlight – Yoko Yamamoto
by cdhdev | Jul 30, 2018 | Blog, Core Values, Women LEAD at CDH
WHO: Yoko Yamamoto WHAT: Started hosting new study groups for Japanese professionals in Novi, Michigan & Cincinnati, Ohio ROLES: CDH Principal, Business Evaluation and Transfer Pricing Expert, CPA, CVA, Best Practices Guru DETAILS: Yoko is our newly promoted...
Moving to “the Cloud” with Sharepoint
by Steve Weging | Jul 30, 2018 | Blog, Technology Solutions
We have all probably heard about ‘the Cloud’ and the benefits of migrating our servers to it, but for many small business owners it is still a daunting step to take. What would building a virtual copy of your company server in the Cloud entail? How would we manage and...
How Technology is Changing Accounting
by Frank Therrien | Jul 30, 2018 | Blog, Sage Intacct
Forget the traditional audit where a team of accountants spend weeks at a client to produce a document that's out of date and expensive. The future value add in accounting is all about advising (moving from obsolete accounting systems), predicting (using new tools to...
Protecting Profitability in Uncertain Times
by Bernie Lietz | Jul 30, 2018 | Blog, Executive Focus
We are very possibly entering a time period that there are going to be dual pressures on profitability. First of all almost all companies are going to feel the impact of growing inflation due to the general strength of the economy, both from a labor perspective and...
6 Essential Management Tips During the Looming Trade War
by Bernie Lietz | Aug 29, 2018 | Executive Focus
Currently a potential trade war face-off continues with the U.S. and China. So far both nations have imposed tariffs of $34 billion worth of goods against each other. Trade talks are set to resume, but with this spiraling dispute at stake is $16 billion worth of...
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