Making decisions that affect a company’s financial position or require significant investment demands a thorough evaluation. A cost-benefit analysis (CBA) details potential …
6 Metrics to Gauge Business Success
Sometimes, a business’ most telling numbers business aren’t on the monthly reports. Although the foundation of business finance revolves around the balance …
A Business Owner’s Toolbox, Part I: The Decision Matrix
Just as wise decisions can make a business, poor decisions can break it. Unfortunately, many business owners commit financial resources without properly …
7 Secret Weapons for Cash Flow
Cash flow is an occasional skirmish for some companies; for others, it’s an ongoing war. Results from a Federal Reserve Bank report …
8 Risks for Small Business Financial Health
Running a small business is often about taking and managing risks. Market risks are normal but business and tax risks are another …
Your CPA Isn’t Your CFO
“I have a CPA; why do I need a CFO?” is a common question we get from small business owners. We agree …
Take 6 Steps to Be Ready for the New DOL Overtime Rule
The new U.S. Department of Labor (DOL) ruling regarding overtime for exempt employees takes effect December 1, 2016. The revised minimum yearly …
Mid-Year Milestones
Many companies track financial data weekly, monthly, and quarterly, which is a good idea. But time gets away, and it seems like …
How to Avoid Sales Tax Surprises
Sales tax laws are constantly changing, and sales tax audits have increased since states and local agencies have become creative about finding …
Think Outside the Box – 8 Ways to Delight Customers
Most businesses have processes in place that keep the company moving forward each day. But pausing to think about how a company …
6 Most Helpful Relationships for Small and Mid-size Business
The quality of a business’ external relationships make running the business easier. Managed correctly, those relationships may also increase a company’s profitability. …
Social Media: Separating Business from Personal
People tend to fall into one of two camps when it comes to the combination (or not) of business and personal on …
Successfully Aligning Personal and Business Goals
Business owners often start or buy a company because of a passion for the work, and they want control and freedom. However, …
Avoid 4 Mistakes for Better Financial Health
Small business owners have a lot on their plates. While accounting may not be the primary function of the business owner, mistakes …
Using Accounts Receivable to Improve Cash Flow
Technology lets businesses streamline and make substantial improvements in customer invoicing processes. The faster a business is able to generate an invoice, …
Cloud Accounting Benefits & Options
Companies who haven’t made a switch to cloud accounting may wonder if the benefits justify making a change. As more and more …
Time is Money – 12 Tips to Get More Done
Time is one of the most precious resources on the planet, but most people don’t treat it that way. In business, it’s …
The Word of the Year for 2016 is . . .
Margin. I know, sounds pretty boring. But with a little explanation, margin is one of the most important statistics in our business …
Don’t Let the Grinch Steal Christmas: 5 Internal Controls to Preserve Cash
No business owner wants to think that internal theft is a possibility in their business. But the desire for additional cash may …
3 Ways to Capture More Time in the Day
The benefits of technology set the expectation to get more done – faster – than ever before. But everyone needs space in …
6 Ways to Streamline Accounts Payable
Processing bills is time-consuming, and therefore relatively expensive when considering all of the handling and paperwork. Here are 6 ways to make …