Fine Point Meet & Greet: Bailey Green

Meet the newest Fine Point Consulting staff and learn a little bit about what makes them tick.

Tell us a bit about your background and your role at Fine Point Consulting.
I graduated from Montana State University–Bozeman with a BacBailey Greenhelor’s degree in business with a major in accounting and a minor in entrepreneurship. I moved to Tennessee for awhile after graduating before coming back to Wisconsin, where I’m originally from. I love the structure of accounting, but I also enjoy creative, out-of-the-box thinking, so when I saw the position for a staff accountant at Fine Point I was really excited because it offers the best of both worlds. Much of my work is bookkeeping: entering bills, making sure bills are paid on time, and accounts receivable to ensure we keep money flowing in for our clients. I love the variety of clients we work with here at Fine Point, as well as the people I work with. Both the clients and my coworkers are a lot of fun.

(Fine Point Owner) Luella is a big reader. Any favorite books?
My two favorite books are Walden by Henry David Thoreau and Wild by Cheryl Strayed. They’re both about adventure and connecting with nature, and I’m an outdoorsy person. Something about reading these books is very relaxing for me and keeps me grounded.

What’s something others may be surprised to learn about you?
I live in a tiny house – it’s 220 square feet. My fiancé and I started building it about a year ago, and we’ve been living in it since July. We chose to live in a tiny house because we wanted to live with less and get a greater control of our finances. It’s been a great way for us to pare down our lives and make time to do more things outside of the home. We love living in it, but traveling with it can be very stressful so we plan to stay where we are for awhile!

When you’re not working, you…
I love hiking, canoeing, and camping, and my fiancé and I spend a lot of time putting finishing touches on our house. I also love spending time with my dog, Sahara, a Heeler and the third resident of our tiny house. She is my brindle baby!


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Fine Point Consulting to learn how our knowledgeable staff can help your business succeed.

Fine Point Meet & Greet: Brad Hubele

Meet the newest Fine Point Consulting staff and learn a little bit about what makes them tick.

Brad Hubele

Tell us a little bit about your background and what drew you to accounting as a career.

I earned my associate degree in Business Administration from Madison College, then finished my bachelor’s degree in Accounting at Upper Iowa University. I’m currently working on my master’s degree and hope to take the CPA exam one day as well. I enjoy accounting because I’ve always been analytical, and accounting is a place I can be analytical without driving everyone else crazy because it’s expected. It’s also a great field for learning new things because rules and practices change every year, so you have to keep up with that. I also love numbers and am happy to sit in front of a computer all day, so this career is a good fit for me.

What’s something others may be surprised to learn about you?

I’m a beer connoisseur. I love studying brewing, microbrews, and what it takes to make unique beers. I’d love to be a Brewmaster some day–what a cool title!–and start my own microbrew.  A few months ago, I toured Schlafly Beer in St. Louis. The tour and the tasting were great, and I really learned a lot from the tour guide. I also love Wisconsin microbrews; a favorite beer right now is the Staghorn Octoberfest from New Glarus Brewing.

(Fine Point Owner) Luella is a big reader. Any favorite books?

I recently read The Martian by Andy Weir. They’re making it into a film soon, and it’s getting good reviews. One thing I liked about it is that even when this guy was trapped on Mars and it seemed like there was no way out, he kept trying. I think that’s a good lesson. I also learned a bit about science along the way – it’s a great book!

What do you enjoy most about working at Fine Point?

I really enjoy being around the account managers and CPAs here. I’m learning a lot from my coworkers and I have the opportunity every day to ask questions and learn new things. The Results-Only Work Environment (ROWE) we have here is also great as it allows me to spend time with my four-year-old son. It was a little hard to get used to the idea that I could work when I wanted at first – I kept thinking, “Can I really leave right now?” as I left the office early in the day. But sometimes you just need to get out of the office to do your best work, and it’s great to have that flexibility.

 

Visit Fine Point Consulting to learn how our knowledgeable staff can help your business succeed.

Leah and Chelsea take Chicago

This week Leah and I were super excited to have the opportunity to go to visit, our first Chicago client, Stock Mfg. Co.! Since we had never been on site, we started out our day out by stopping to the factory where they make the magic happen. It was incredibly interesting for us to see the actual work flow and how they run things. We were able to go step by step, from the designs, production samples, to the cutting of fabric, the manufacturing of the clothes, and then the final finishing touches.  It was interesting to experience a snippet of a day in the factory and compare that to our workflow. After the factory, we decided to head out and see some of their products at work. At this point, we finished out our meeting at the Soho House, where we not only talked about the valuable numbers, but also got to learn about how the business was started, where they hope to see it going in the future, and how we can help them get there.

As much fun as we have in Madison, Milwaukee, and Chicago we are just waiting for clients in Hawaii to sign up!

5 Benefits of Outsourced Bookkeeping Services In Madison, WI

Whether you’ve already launched your small business or are still in the planning stages, you’ve probably realized that time management plays a big part in ensuring tasks get completed when they need to be.

Particularly for those who are new to entrepreneurship and taking on multiple roles within the business, it can be easy to find yourself bogged down with internal processes that keep you from growing your business and moving forward with your ideas.

Reducing complexity and streamlining tasks is crucial for businesses big and small. One area of the business that can add constant complexity is bookkeeping.

Especially for young businesses struggling to get profitable, monitoring cash flow in and out of your company is one of the most important ways to make sure you’re operating on a successful business model.

Outsourcing these internal tasks to focus on your company’s growth can save you valuable time and effort and give you the assurance that your books are being managed by trained professionals.

Let’s explore 4 ways Madison, WI small businesses and startups can benefit from outsourcing their bookkeeping.

1. Time saving solution

Many entrepreneurs attempt to keep their business processes entirely internal, opting to manage their own books in-house. In reality, this can easily become a time-suck that takes time away from the principle aspects of the business.

Unless you’re starting an accounting business, playing this extra role is simply not an effective approach to managing your finances when professionals are available to lend their expertise instead.

2. Save money on operational costs

For most small businesses and startups, staffing a bookkeeper in-house is a completely unneeded expense that can put a big strain on payroll. When considering payroll tax expenses, insurance, retirement plans, along with training and salary, taking on a full-time bookkeeper is more than likely a poor investment.

Outsourced services provide the same level of professional bookkeeping and accounting while only costing you a regular retainer fee.

3. Catch errors you’d otherwise overlook

Startup and small business owners who take on too many roles at once can end up jeopardizing their ability to complete things in full by constantly rushing from task to task. Carefully weigh your ability to take on each role you place yourself in and consider other solutions for the tasks you know will put you over your head.

For those working with lean startup budgets, keeping your books updated regularly should be a top priority.

4. Expert advice and assistance

In addition to financial management, outsourcing your accounting and bookkeeping services also gives you access to trained accountants whenever questions arise––an especially big perk for those new to owning their own business.

In addition to helpful advice, professional accounting services can share resources and the personal expertise of a financial advisor who can provide a fresh, professional perspective on your business’ goals from an outsider’s point of view.

5. Achieve better piece of mind

Constantly maintaining your business’ financial records can be an extremely stressful endeavor, especially when compounded with the other parts of your business you need to keep track of on a daily or weekly basis.

Handing off your bookkeeping to accounting professionals takes the stress off of you and shifts the focus back onto expanding your business.

If you’re a small business or startup owner in Madison, WI and need assistance establishing a reliable bookkeeping system that takes the pressure off of you, contact us today. Our outsourced accounting and CFO service experts can help you accomplish a variety of accounting or bookkeeping tasks.

Photo credit: Matt Dente

Video: The Benefits of Outsourced Accounting

Get in touch with a financial consultant at Fine Point Consulting today by clicking here.

Video Transcript

Title Slide: The Benefits of Outsourced Accounting | With Luella Schmidt, Jen Hildahl, and Leah Shales

Leah Shales: There are so many benefits of outsourced accounting, one of which being that here, we have different levels of people with different skills and expertise. So, for example if a client needs a part-time bookkeeper one month and the next month realizes that they need to have an external audit done.

So that requires them to have internal controls documented, implemented. We have people here with experience doing both bookkeeping and working with external auditors, so that’s really great because it cuts down on the cost and time that it would take for the client to hire a bookkeeper and external audit experience. 

Jen Hildahl: When you work in an outsourced firm, you have multiple levels of accounting services. You can have your bookkeeper, your accounting manager, your controller, your oversight CFO role  for a reasonable cost. Whereas if you wanted those inhouse, you’d have to hire three or four different individuals which is obviously very costly.

Luella Schmidt: Certainly, when a company is smaller, what we see happen is, they need a little bit of  bookkeeping like transaction processing. They need a little bit of oversight, such as making sure internal controls are in place and that assets are being protected.

Then occasionally, they need things like guidance on making financial projections. So that massively different skillset is hard to find in one person or in even two people and so when companies are smaller it makes a lot of sense to do an outsourced model like ours because you can take slices out of each of those levels and get everything you need with one service.

Jen Hildahl: We work with many different businesses, many different clients. So we can gain efficiencies through that. We can see what works well for some clients and apply it to the next client. We also work a lot with other CPA’s, so we can learn from ours peers and learn from other clients. Whereas if you’re working in house, it’s great because they are always there, they’re down the hall, you just just pop in, but they’re really kind of in a bubble.

They are not learning from other CPAs if it’s a small firm and you only have one accountant. So I think there’s just efficiencies and really great learning opportunities when you’re working with multiple businesses.

Music: Plan Your Adventure from JewelBeat.com