For a small business to succeed in today’s marketplace, it’s imperative that the owner or management team know its numbers. Creating a …
Business Planning Made Easy for 2019
2019 is here, which makes today the perfect time to think about business goals and where the company should be one year …
How to Survive a Worker’s Comp Audit
Small businesses with employees have the distinct honor once per year of being part of a worker’s compensation audit. Worker’s compensation is …
How to Plan for Large Purchases
Small business owners often struggle with knowing when it’s the right time to make that next big purchase for their company. Sometimes, …
How to Cut Costs with Fixed Assets Management
Fixed assets include land, buildings, equipment, furniture and vehicles the company owns. While expenses are frequently evaluated to cut costs, fixed asset …
When to Revisit Your Budget
A small business’s budget should be a fluid document. At no point in time should an entrepreneur adopt the “set it, and …
Five Tips to Deal with Seasonal Cash Flow Issues
Maintaining a consistent cash flow can be a struggle for some small business owners, especially if their business is seasonal in nature …
Don’t Nickel and Dime Clients
Unexpected fees are frustrating. Mention car dealer fees or the convenience fees associated with buying concert tickets online and a heated discussion …
How to staff an accounting team
When hiring an accounting team, it’s important to first look at the business’s needs. What a company requires from an accounting perspective …
Five Common Mistakes to Avoid When Hiring for Your Accounting Department
There’s a lot more to accounting than crunching numbers. It’s a highly complex profession that requires an individual who not only excels …
When to Hire a CFO
For some entrepreneurs, it may take years to achieve a sustainable cash flow, while others experience rapid growth and expansion within months. …
Word of the Year: Pricing
It’s simple. Companies are in business to make money. They do this by: providing a service; producing a product. Many companies struggle …
Top 5 Financial Mistakes in Manufacturing – Tips for All Businesses
By Kurt Dyck The average small business manufacturing company produces anywhere from dozens to hundreds of thousands of products a day. It’s …
Financial Due Diligence Steps to Take When Purchasing a Business
Buying a business is no simple task. It’s a complex undertaking that includes a multi-step due diligence process to ensure the investment …
Five Ways to Streamline Your Payroll Process
For business owners with employees, payroll is a necessary task that can often takes a lot of time. To make payroll less …
How performance measurement drives business success
All businesses strive to be profitable. However, achieving success can be difficult, especially with multiple lines of business. Selling a high-margin product …
Why Businesses Should Consider Outsourcing Bookkeeping
Bookkeeping is the process of recording all financial transactions within a business and is required in every business regardless of size. It …
How to Prevent Past Due Accounts
Anytime a businesses performs a service or ships a product before getting paid, an Account Receivable is created. If customers pay before …
8 Ways to Increase Profits
Increasing profits might sound like an unattainable dream, but in reality, there are a finite number of ways that businesses can increase …
Four Payment Policies that Keep Companies in the Black
Business owners know that the battle for profitability is won or lost in details. For example, how companies handle accounts receivable affects …
Costner Law: A Case Study in Managing Growth and Maintaining Balance
Working for a real estate lawyer one summer during college set Josh Costner on his career path. He began his firm in …