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October 2017

Hello, friends of CDH! I came back from Seoul, Korea last Friday after attending the Moore Stephens Asia Pacific conference. Last week was very hectic - about half of it spent on airplanes as I also visited Jakarta, Indonesia. At the conference, we had participants from the UK, USA, Canada, Russia, and Germany as well as Asian countries. Our network (Moore Stephens International) is the eleventh largest Accounting firms’ network in the world. CDH wants to take full advantage of our membership and now has the ability to fulfill your international needs. Also, we have a number of prominent firms across the United States (26 total) to assist us in meeting your domestic requirements. We want to keep getting better as a firm so that, as your partner, we can help you with any issue that may arise.

We very much want to hear your feedback about our services. Please do not hesitate to contact any members of our firm. Of course, you can always reach me directly to express your opinions. I always appreciate your honest feedback. Thank you!


Koh Fujimoto
Managing Principal
CDH  
 

In today’s world, business owners generally understand the need for backing up their company data.

They know data is the lifeblood of the business and that it, therefore, must be protected, but they often don’t understand at even a high level how data gets backed up and what their particular backup method actually offers protection from. With this in mind, let’s take a quick look at the different backup methods that are most commonly in place and any particular risks they are still vulnerable to.

Onsite Backups

When data that is stored within your office is backed up somewhere else that is also located within the same office, it is considered an onsite backup. This includes backing up to a separate hard drive attached to the server where data is stored, backing up to a completely different appliance or backing up to drives/tapes that are stored in the same office. The main benefit to the onsite method is potentially having faster restoration speeds than from a backup offsite somewhere. There is sometimes also the perception that you have more control over your data when you maintain its backup onsite or perhaps even that it is safer onsite. In my experience, those perceptions are not exactly true when compared to a good offsite backup system, however.

Conversely, the risks for this method are often very real and greater than those perceived benefits because any disaster that could compromise your physical location will also compromise your backup. Even more worrisome, your onsite backups could be affected by ransomware attacks that infect your live data. For these reasons, onsite backups are often exactly like the old saying about putting all of your eggs in one basket. Lastly, there is also the cost and hassle of maintaining the backup method right along with your original hardware because backup drives, devices and tapes can and do fail.

Offsite Backups

Locating your backups offsite primarily eliminates the risk of backups being compromised by physical disasters and ransomware attacks and can also take a lot of the headache out of managing an onsite backup solution. If you choose to go with a vendor that protects data as it is transferred and after it is stored on their hosted backup platform, you can rest easy knowing that your backups are even more secure. Best of all, some vendors also offer a hybrid system where they’ll simultaneously secure backups offsite and on an onsite appliance that will allow you to have both the safety of offsite backups and the faster restoration speeds of an onsite one! (read more)

 

Essence of a Good Accounting System
- Ticket to a Large Corporation -

By Koh Fujimoto


Management is the pilot of his business.  In the cockpit of an airplane, you have a huge array of different instruments spread out in front of you.  Those instruments and gauges are what pilots use to fly the plane. In the same way,

management sits at the helm of his company, and unless he or she has systems that will serve him in understanding the numerical indicators upon which important management decisions must be based, he will hardly be able to manage well, no matter how excellent his ideas about management are.“

“The question of the types of indicators we see, as management piloting a business like this, is of the utmost importance.  Without a system that can display the necessary metrics for each individual department, management might as well be flying blind.”

The above are excerpts of my mentor’s writing.  He also added the following:

“The creation of systems that provide metrics of this sort is the most fundamental step that a small or mid-sized business must take if it is to become a large, successful corporation.”

If a company is small enough, you can run your business with your feeling.  Most times, your feeling is likely correct as you have grown your company from scratch.  At the same time, your company is small enough for you to be able to physically watch what is going on. (read more)

 
Sage Intacct provides a unique solution for customers moving to the cloud or customers wanting a more robust cloud solution.  It's the only American Institute of Certified Public Accounts (AICPA) preferred financial management package, proven in the marketplace as the best core financials with configurable automatic workflows.

It's ability to scale and provide real time financial dashboard KPI's/trend analysis gives CFO's the ability to focus in on key areas, make decision faster, and drive the business forward.  Sage Intacct focuses on the key financial areas with a reporting engine that can drill out of standard reports or build customizable reports on demand.

If you would like additional information on how Sage Intacct could benefit your business, please contact Barry Coyne, CDH's Sage Intacct Business Development Manager.


 
ACA & the President's
New Executive Order

Recently, President Trump signed an Executive Order to explore some specific areas of the Affordable Care Act (ACA) with the hope of expanding choice and competition. To learn about the specific items in the Executive Order and common viewpoints from those for and against the expansion, please click here!

If you have additional questions, please contact John Jaeger at OneDigital Health & Benefits; jjaeger@onedigital.com

WHO :    Almira Goethe, CDH Assurance Staff
WHAT : 
Playworks
ROLE :  Junior Board Member

DETAILS:
Almira has been a Junior Board Member at
Playworks for over a year.  Playworks is changing school culture by leveraging the power of safe, fun, and healthy play at school everyday.  They provide services for elementary schools and youth-serving organizations around the country.  Also, the Playworks Coach service has been proven to decrease bullying behaviors, increase physical activity, and support learning.
Almira is passionate about supporting children's education as she, like many children, grew up with both parents working full time and so was dependent on learning a lot at school.  This year, she was a part of the Playworks team at the Chicago Marathon and successfully finished the race!  Please check out her
marathon fundraising page as there is still time to donate!