Managing your firm through its slow season can be difficult. But by developing cash management practices and strategies, you'll be positioned to hit the ground running when your busy season resumes.
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The end of year financial statement preparation is not a favorite task of most business owners. Under the stress and pressure of yearend, these important reports are often created quickly with a few clicks of the mouse and handed off to the CPA. If...
Have you ever thought you need more informative financial reporting from your bookkeeper but competing priorities stood in the way of making a change? Have you ever used the departure of an employee as an opportunity to upgrade to a better resource?...
So your organization has reached the point where you need to initiate a capital raise. Maybe you've dialed in your business model and it's time to scale. Or perhaps you've quantified your nonprofit's operating deficit and need to bridge the gap. ...
Most small business owners keep bookkeeping records because they have to, not because they want to. Said another way, they manage their firm's finances primarily for tax compliance purposes. But in so doing, they miss out on critical insights...
Changing accounting systems can cause a serious disruption in your business operations. Therefore, it is crucial to have a plan in place before you get started. Follow our 7-step accounting system migration checklist to help get your new system up...
When was the last time you checked your financial reports for accuracy? Making key decisions based upon inaccurate reporting can be costly - even fatal - for an organization. Central to ensuring accuracy and tax law compliance, are the controls...
Managing your cash flow may be the single most important business planning activity you perform, in good times or bad. Whether you are wondering if you can afford that next hire, take a dividend or simply make the upcoming payroll, an understanding...
As a trusted adviser to our clients, we routinely have a seat at the table during the hiring debate. Business owners will want to weigh a handful of factors when considering the timing of their next hire (eg: what to pay, to whom the new employee...
With the busy holiday season upon us, it's a good thing there are only a few small business tax deadlines for December.
All business owners want to be paid promptly. But many small business owners don’t realize their invoices may be lacking the five elements that facilitate quick payments. Here’s how to make an invoice that encourages customers to pay faster.
Managing your accounts receivables is crucial to maintaining steady cash flow in your business. Here are three accounts receivable best practices you can implement to clean up your books and bring in the money due.
Your finance dashboard - not unlike your car's - should present the most critical indicators of your firm's financial performance to help you steer it toward achieving your objectives.
With all that a small business owner has to do, why add a regular balance sheet review? Won't your CPA advise at tax time if something is amiss? The fact is, an owner can't afford NOT to embrace this critical tool. Moreover, businesses are far too...
HOW TO GET MORE FROM YOUR BOOKKEEPER
What are your goals for your business? Do you want to expand your market, release a new product or increase sales? Believe it or not, whatever your primary goal is for your company, the key to achieving it lies,...
Successful small business leaders view their annual budgeting process as one of their most important managerial tasks. Ever stop to think why budgeting is important for business in the first place? Reasons abound, but here are a few.
As a rural business owner, are you struggling with how to find a good bookkeeper or controller? This is a common problem for rural businesses, largely because a smaller town means an even smaller pool of candidates to fill a bookkeeper or controller...
As a small business owner, you know all the ins and outs of your product or service, down to the most technical detail. But how much do you know about your day-to-day accounting? As long as the cash flow is in the black, you probably don’t think...
Does this sound familiar? Month after month, your bookkeeper or controller dutifully produces the financial reports you need to monitor your business. And month after month, you check the bottom line on the profit and loss statement, tuck the pile...
