Internships are often a benefit for both employer and intern. Interns get real-world experience and employers get extra help and an opportunity …
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 …
9 Hidden Costs That Impact Small Business Expense Budgets
The last thing every business owner wants is wasteful spending or missed opportunities. One of the worst culprits are hidden expenses that creep in and reduce profitability. This month, we expose hidden costs so that you can find them and restore your hard-earned profits.
When Is It Time for a New Accounting System?
Struggles with an accounting system may be a sign that it’s time for something new. Growing companies may quickly outpace an original …
10 Ways to Save Time on Accounting
Small business accounting can be quite time-consuming, regardless of whose job it is to receive bills, pay bills, send invoices, and keep …
Profit: Word of the Year for 2017
Instead of making a New Year resolution, think of a word to define the year ahead. Common answers are “efficiency,” “growth,” “caution,” …
Last Minute Year-End Prep for Small Businesses
Small businesses have options in the final days and weeks of the year that can save time and money. Being flexible about …
Budgeting Essentials in 8 Steps
Accurate budgeting, expense tracking, and efficient reporting of this data are always important to business success. A good accounting system must provide …
How to Weather Unforeseen Events
Properly balancing strategic and tactical matters is always difficult when managing a smaller business. Generally, the tactical matters – the day-to-day running …
4 Tips to Improve Your Accounting Practice
Accurate budgeting, tracking expenses and timely payment of bills are always important to business success. Fortunately, accounting system automation has come a …
7 Tips for Getting Paid Faster
Cash flow relies on getting paid on time, and preferably early. One tactic for improving cash flow is to look at the …
How to Do a Cost-Benefit Analysis for Important Decisions
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 …