Good Morning, HR #59: Spreadsheets & Soft Skills: The Relationship Between HR and Finance

In episode 59, Coffey talks with CPA Ashley Taylor about corporate finance and its relationship to human resources.

They discuss the difference between Accounting and Finance; how the financial function serves the organization; how HR and Accounting can partner to improve employee retention, compliance, and the organization’s bottom line; delivering customer service with shared goals in mind; how cooperation builds credibility within the organization; the debate as to where payroll belongs in the organization; the importance of internal controls; compliance and regulatory concerns with remote work; the impact of ongoing interdepartmental cooperation and communication on eventual audits; the importance of documentation supporting financial and HR decisions; the impact of communication on salary management; and responding to wage inflation pressures.

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If you are an HRCI or SHRM-certified professional, this episode of Good Morning, HR has been pre-approved for half a recertification credit. To obtain the recertification information for this episode, visit https://goodmorninghr.com.

About our Guest:

Ashley Taylor is a CPA, people developer, VP, mother of 3, yoga teacher, volunteer, serial class taker and reader. She is also an Enneagram One (perfectionist) who, through 25 years of experience has the technical skills, personality development and sense of humor combo to help you do the right thing, get results, build up others, and receive personal benefit.

Ashley Taylor can be reached at http://www.linkedin.com/in/ashleyfaithtaylorcpa

About Mike Coffey:

Mike Coffey is an entrepreneur, human resources professional, licensed private investigator, and HR consultant.

In 1999, he founded Imperative, a background investigations firm helping risk-averse companies make well-informed decisions about the people they involve in their business.

Today, Imperative serves hundreds of businesses across the US and, through its PFC Caregiver & Household Screening brand, many more private estates, family offices, and personal service agencies.

Mike has been recognized as an Entrepreneur of Excellence and has twice been named HR Professional of the Year.

Additionally, Imperative is included in the prestigious Best Places to Work in Texas list and has been named the Texas Association of Business’ small business of the year.

Mike is a member of the Fort Worth chapter of the Entrepreneurs’ Organization and volunteers with the SHRM Texas State Council.

Mike maintains his certification as a Senior Professional in Human Resources (SPHR) through the HR Certification Institute. He is also a SHRM Senior Certified Professional (SHRM-SCP).

Mike lives in Fort Worth with his very patient wife. He practices yoga and maintains a keto diet, about both of which he will gladly tell you way more than you want to know.


Learning Objectives:

1. Understand the role of the Accounting and Finance functions.

2. Understand the importance of interdepartmental communication and cooperation.

3. Work with the accounting/finance function to improve internal controls and compliance.