Almost everyone feels as though they spend too much time on email – the Lucrum team included. That’s why we’ve compiled the …

The IRS has plenty of rules regarding deducting expenses from business income; one area that has plenty of rules is entertainment. While …

The field of accounting has its own vocabulary, which can sound like a foreign language at times. By learning the following accounting …

Every successful company must find a way to sell their services or products. Often, in relationship-based businesses, companies are selling themselves. Companies …

When hiring an accounting team, it’s important to first look at the business’s needs. What a company requires from an accounting perspective …

There’s a lot more to accounting than crunching  numbers. It’s a highly complex profession that requires an individual who not only excels …

Every business has a gold mine in its current customer base. But not all business owners remember to mine this gold because …

For some entrepreneurs, it may take years to achieve a sustainable cash flow, while others experience rapid growth and expansion within months. …

There are a lot of deadlines that come with running a business. In fact, missing some deadlines can have serious financial implications …

It’s simple. Companies are in business to make money. They do this by: providing a service; producing a product. Many companies struggle …

The New Year is just around the corner, and while many businesses may be scurrying to wrap up the books for end-of-year, …

By Kurt Dyck The average small business manufacturing company produces anywhere from dozens to hundreds of thousands of products a day. It’s …

Year-end is just around the corner, and that means a couple of administrative tasks are necessary to take care of bookkeeping and …

Buying a business is no simple task. It’s a complex undertaking that includes a multi-step due diligence process to ensure the investment …

For business owners with employees, payroll is a necessary task that can often takes a lot of time.  To make payroll less …

All businesses strive to be profitable. However, achieving success can be difficult, especially with multiple lines of business. Selling a high-margin product …

Anytime a businesses performs a service or ships a product before getting paid, an Account Receivable is created. If customers pay before …

Like raising a child, there’s no set manual that comes with owning your own business. Even the best entrepreneurs struggle with making …