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Scott Lacy | VectorFi CFO @scott_vectorfi

Fractional CFO, SMB Plumbing Company Partner, Building companies that improve life for owners, employees, and customers Fayetteville, AR Joined April 2011
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Scott Lacy | VectorFi CFO @scott_vectorfi

2 days ago

Just left my first IRS Audit meeting. A client of mine is being audited. Some notes for small business owners to make the process smooth: 1. Hire a professional tax firm (CPA) to do your taxes; ensure they offer audit support. 2. Document all accounting processes. Simple…

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Scott Lacy | VectorFi CFO @scott_vectorfi

a week ago

I'm hearing more and more stories of international outsourced employees working multiple full-time jobs and not informing employers; most recently through a personal source. Beware.

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Scott Lacy | VectorFi CFO @scott_vectorfi

a week ago

What bank/banker should I choose? 1. The one you see at community fundraisers 2. The ones who can name your family members 3. The ones who trust you with their personal cell, knowing you’ll use it appropriately. It’s worth at least 1%-2%

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Scott Lacy | VectorFi CFO @scott_vectorfi

3 weeks ago

What one person believes is truth and good for the world, another regards as hateful and harmful. I don’t know how these two co-exist in close proximity without constant tension that eventually and consistently explodes. God help us.

Scott Lacy | VectorFi CFO retweeted
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SMB Attorney @SMB_Attorney

4 weeks ago

PSA: If you’re a husband or a father, go get life insurance TODAY.

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Scott Lacy | VectorFi CFO @scott_vectorfi

a month ago

Insight, Foresight, & Results to make the dreams you have for your family a reality- That’s what I offer as a small business CFO. Hiring a fractional CFO isn’t about outsourcing admin tasks. It’s bringing on a strategic partner with the business experience, technical skill,…

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Scott Lacy | VectorFi CFO @scott_vectorfi

a month ago

Here’s why I hate hourly pricing models: It penalizes the experienced experts who are most efficient.

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Scott Lacy | VectorFi CFO @scott_vectorfi

a month ago

Best part of being a CFO? Seeing the relief and peace on my client’s faces after solving cash flow problems or finalizing a plan that makes achieving their goals likely rather than just a dream.

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Scott Lacy | VectorFi CFO @scott_vectorfi

2 months ago

New favorite nighttime routine: My wife hand embroiders and I read while we listen to some chill music with only a couple of reading lamps on. Brain and body feel 10x better than after watching TV.

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Scott Lacy | VectorFi CFO @scott_vectorfi

2 months ago

Management rule of thumb: Would you change the way you speak to an employee if their spouse was present? If yes, change, now. Stop being a power-tripping ass.

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Scott Lacy | VectorFi CFO @scott_vectorfi

2 months ago

Russia-gate seems to be clouded in fog. Here’s 4 statements summarizing the main points give recent news; biggest takeaway first: 1. US intelligence agencies improperly interfered in domestic politics. 2. Russia tried to influence. Had no material effect. 3. Trump and…

Scott Lacy | VectorFi CFO retweeted
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Matt Taibbi @mtaibbi

2 months ago

A brief 🧵 on the new report released by @DNIGabbard today, which conclusively blows up core Russiagate myths: racket.news/p/in-brutal-do…

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Scott Lacy | VectorFi CFO @scott_vectorfi

2 months ago

If you know someone in medschool trying to decide a specialty, tell them endocrinology. No appointments available in my area for 6 months and we have multiple facilities and providers.

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Scott Lacy | VectorFi CFO @scott_vectorfi

3 months ago

The KISS (Keep It Simple, Stupid) 5-Minute Monthly Cash Forecast +Start of month cash +Sales from Prior Year, Same Month -Debt payments - Payroll - Rent - Insurance - Purchase Orders = End of Month Cash For all of my clients, this gives us 80% accuracy and enough signal to…

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Scott Lacy | VectorFi CFO @scott_vectorfi

3 months ago

Small Business Life Myth: Passive Income Reality: "Finally found the old router. Had to climb between the drop ceiling and roof and through a few cobwebs. Call AT&T and tell them we'll mail it back today."

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Scott Lacy | VectorFi CFO @scott_vectorfi

3 months ago

It's amazing the information that AI chat agents like Grok, Perplexity, and Gemini can pull. Each has it's strengths. In an age where knowledge arbitrage creates huge value, those who don't learn how to use them are going to get left behind quickly in just the next 6-12 months.…

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Scott Lacy | VectorFi CFO @scott_vectorfi

4 months ago

I love Elon's question: "What have you done this week?" My answer as a Fractional CFO: 1. Increased sales by analyzing and recommending a new pricing strategy 2. Saved employees hours of work by implementing new expense reporting system 3. Saved on expenses by renegotiating…

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