Written by: Jeff Heybruck We often encounter business owners trying to figure out their organization’s structure and which roles they need to …
Small Business Finance Questions
This is our third installment of frequently asked questions, (check out our first and second installments) and we hope to give helpful …
What to do with excess cash in a business?
If I have extra cash from my business thriving what should I do with the cash? As with most good answers, it …
5 Basic Accounting Principles Most Entrepreneurs Get Wrong
For most entrepreneurs, fast growth is the ultimate goal. Many start off with a great idea, hobby, side hustle, or like a …
Virtual CFO Services: The First Thing Your Virtual CFO Service Should Do For Your Business
Written by Jeff Heybruck Congratulations! You are a small business owner and have taken the first step and started working with an …
5 Things Every Franchisee Should Know
Written by Kurt Dyck Many small business owners decide to buy into a franchise system rather than start a business from scratch, …
CFO Services for Small Business: Do You Need Them?
By: Jeff Heybruck CFO. You may have traditionally thought this executive-level role reserved for only larger businesses. But now that your business …
How Do I Clean Up My Chart of Accounts?
Written by: Jeff Heybruck What is the importance of the Chart of Accounts? You may have heard from your CPA, CFO or …
Outsourced CFO Services – Like A Personal Trainer for Your Business
Written by: Jeff Heybruck What does a good outsourced CFO do? A good outsourced CFO can be likened to a personal trainer …
What to Do When an Employee Is Terminated
Most business owners will have to terminate an employee at some point in their career. A termination event can be tense for …
Making the Tough Calls on Spending
If revenue hasn’t come back as fast as expected, it may be time to review the budget and determine if some planned …
How Liquid is the Business?
Liquidity in business has nothing to do with water. It describes how quickly you can sell an asset and convert it into …
Mobile Accounting? It’s Here, Now
This month we’re taking a break from all the PPP and COVID-19 conversations out there. Now that it’s mid-2020, it may be …
Two Things You Must Do Now Relating to COVID-19 & PPP
There has been a lot of confusion regarding the Paycheck Protection Plan (PPP) loans program. It was rushed into law and there …
Managing Through Crisis
We’re all dealing with uncharted territory during the COVID-19 pandemic. But now that we’re a couple-three weeks into it, most of us …
Avoidable AP Mistakes
Avoidable Accounts Payable Errors: What to Watch Out for When paying a bill for a business, we all try to be 100 …
How to Stop Robocalls
Everyone receives them (probably more than once a day) and every single time they’re painful, tedious, and unsolicited. Robocalls . . . …
Business Trends for 2020
As we welcome in a new year here at Lucrum (and maybe a new decade depending on how you count them), it’s …
Frequently Asked Questions – December
In our second installment of frequently asked questions, we bring to light some answers that will likely be helpful for any business …
Frequently Asked Questions – October
In the decades we have spent with our clients, we often see the same questions come up. We thought it would be …
Cost allocation theory and practice PART 2
In our last month’s article, we went through the basics of job costing, how it can give management a better perspective into …