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Sarah Schlott

About Sarah Schlott

Founder & CEO of The Schlott Company | Girl Boss! | Writer | Mom | Occasional Guitar Player.

Entries by Sarah Schlott

FP&A

Mid-Year Financial Review: Importance and Execution

Conducting a mid-year financial review is one of the most impactful practices we can undertake to ensure our financial stability and long-term growth. By evaluating financial performance at the halfway point of the year, we have the power to make informed adjustments to our strategies, keeping us on track to meet our financial goals. Let’s […]

July 7, 2024/by Sarah Schlott
Accounting

The Impact of Accountant Shortages on Business Earnings

In recent years, we’ve witnessed a growing concern shaking the foundations of many businesses: the shortage of accountants. This issue isn’t just a minor inconvenience; it has far-reaching implications for business earnings and overall economic stability. Allow me to share some insights and practical advice on how we can navigate this challenge together. Understanding the […]

July 7, 2024/by Sarah Schlott
Accounting

Responsibilities and Importance of an Accounting Manager

In today’s dynamic financial landscape, the role of an accounting manager is more crucial than ever. We, as accounting managers, play a vital part in ensuring the financial health and integrity of our organizations. Let’s dive into the key responsibilities we handle and why our role is essential in maintaining financial stability and compliance. Key […]

July 7, 2024/by Sarah Schlott
FP&A

How Financial Reports Impact Your Bank Loan Approval

Understanding how financial reports impact your bank loan approval is crucial for both individuals and businesses seeking financing. At our firm, we delve deeply into the nuances of financial reporting to help our clients secure the financing they need. Financial reports provide a detailed snapshot of your financial health and stability, which banks meticulously analyze […]

July 7, 2024/by Sarah Schlott
FP&A

The Critical Role of a Controller in Business Management

In today’s competitive business environment, we recognize that the role of a controller in business management is indispensable. Controllers, including ourselves, are key players in ensuring the financial health and stability of an organization. We oversee accounting operations, ensure compliance with financial regulations, and provide strategic insights to support long-term growth. Our work isn’t just […]

July 7, 2024/by Sarah Schlott
Accounting

Key Traits to Look for in a Staff Accountant

When we’re looking to hire a staff accountant, it’s not just about filling a position; it’s about finding a cornerstone for our financial integrity and growth. A great staff accountant isn’t merely a numbers person; they are a linchpin in our financial operations, ensuring that every dollar and cent is accounted for accurately and ethically. […]

July 7, 2024/by Sarah Schlott
FP&A

Essential Financial Ratios for Making Informed Business Decisions

Understanding and utilizing essential financial ratios is crucial for making informed business decisions. As finance professionals, we know these ratios provide deep insights into a company’s financial health, operational efficiency, and profitability. They empower us to navigate the market’s complexities with confidence. Let’s dive into the key financial ratios that every business professional should master. […]

July 7, 2024/by Sarah Schlott
FP&A

Why Implementing Internal Controls Is Crucial for Your Business

Internal controls are a cornerstone of a thriving business. At our firm, we understand firsthand how essential they are for ensuring financial stability, regulatory compliance, and long-term success. By implementing robust internal controls, we can safeguard assets, enhance the accuracy of financial reporting, and maintain operational efficiency. Here’s why internal controls are indispensable for any […]

July 7, 2024/by Sarah Schlott
FP&A

Master Financial Health: Key Ratios Every Business Should Know

As professionals deeply invested in the financial well-being of businesses, we understand that maintaining financial health is not just a necessity but a cornerstone of long-term success. We’ve seen firsthand how key financial ratios can illuminate various aspects of a company’s performance, guiding strategic decisions and future planning. Here, we’ll delve into the essential financial […]

July 7, 2024/by Sarah Schlott
FP&A

Maximize Business Efficiency with a Fractional CFO

In the ever-evolving world of business, efficiency isn’t just a goal—it’s a necessity. To stay ahead of the curve, businesses must continually refine their operations and optimize their financial strategies. Enter the fractional CFO, a game-changer for companies seeking high-level financial expertise without the full-time commitment. Let’s dive into how a fractional CFO can supercharge […]

July 7, 2024/by Sarah Schlott
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