Liquidity in business has nothing to do with water. It describes how quickly you can sell an asset and convert it into …

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 …

There has been a lot of confusion regarding the Paycheck Protection Plan (PPP) loans program. It was rushed into law and there …

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 Accounts Payable Errors: What to Watch Out for When paying a bill for a business, we all try to be 100 …

Everyone receives them (probably more than once a day) and every single time they’re painful, tedious, and unsolicited. Robocalls . . . …

As we welcome in a new year here at Lucrum (and maybe a new decade depending on how you count them), it’s …

In our second installment of frequently asked questions, we bring to light some answers that will likely be helpful for any business …

A great way to make a wonderful start to 2020 is to wrap up 2019 feeling organized and on top of the …

In the decades we have spent with our clients, we often see the same questions come up. We thought it would be …

In our last month’s article, we went through the basics of job costing, how it can give management a better perspective into …

Accounting for project-based businesses can be particularly challenging for inexperienced financial managers since there are far more considerations than just capturing revenue …

When purchasing a new vehicle, the driver gets the fun of riding around in a new car with the new car smell! …

Setting customer expectations in business is essential to gain the trust of customers, avoid conflicts, and maintain a high degree of customer …

One of the biggest challenges for small businesses is managing cash flow. If it seems like there is never enough cash to …

Perhaps the most important and dynamic relationship within a business is between the Owner/CEO and the CFO. The Chief Financial Officer is …

Remaining competitive as a business requires more than just careful budgeting and a keen eye for marketing and industry trends.  Leaders also …

We all remember the days when we got a report card from school? Now that we have a business, it has a …

For a small business to succeed in today’s marketplace, it’s imperative that the owner or management team know its numbers. Creating a …

2019 is here, which makes today the perfect time to think about business goals and where the company should be one year …

It’s the time of year where a lot of people think about what’s important to them and how thankful they are for …