In business, maintaining strong client relationships is vital. On any given day, it’s not uncommon for all levels of employees to regularly …

A quick glance is all that is needed to check a vehicle’s fuel gauge, engine temperature or RPM when driving down a …

Outsourcing has become a popular business practice. That’s because today’s marketplace is teaming with contractors who offer a variety of specialty services, …

Small businesses with employees have the distinct honor once per year of being part of a worker’s compensation audit. Worker’s compensation is …

Small business owners often struggle with knowing when it’s the right time to make that next big purchase for their company. Sometimes, …

Fixed assets include land, buildings, equipment, furniture and vehicles the company owns. While expenses are frequently evaluated to cut costs, fixed asset …

A great entrepreneur will always be on the lookout for ways to improve their business. Efficiency is a goal everyone wants to …

A small business’s budget should be a fluid document. At no point in time should an entrepreneur adopt the “set it, and …

Maintaining a consistent cash flow can be a struggle for some small business owners, especially if their business is seasonal in nature …

The income statement of any business is probably the most important report of all. It is a snapshot of the financial performance …

Unexpected fees are frustrating. Mention car dealer fees or the convenience fees associated with buying concert tickets online and a heated discussion …

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 …