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 …
Cost allocation theory and practice
Accounting for project-based businesses can be particularly challenging for inexperienced financial managers since there are far more considerations than just capturing revenue …
Buying a Car or Truck for the Business?
When purchasing a new vehicle, the driver gets the fun of riding around in a new car with the new car smell! …
5 Ways To Speed Up Cash Flow
One of the biggest challenges for small businesses is managing cash flow. If it seems like there is never enough cash to …
CFO Does Not Equal No! A Strategic Approach to Transformative Financial Leadership
Perhaps the most important and dynamic relationship within a business is between the Owner/CEO and the CFO. The Chief Financial Officer is …
Recruiting Incentives – When Should You Consider Hiring Bonuses
Remaining competitive as a business requires more than just careful budgeting and a keen eye for marketing and industry trends. Leaders also …