By: Jeff Heybruck In this month’s post on Bad Data we discuss how some of the biggest bookkeeping problems aren’t caused by …
Mixing Cash and Accrual Thinking: A Quiet Killer of Clarity
By: Jeff Heybruck Most business owners do not set out to mix accounting methods. It happens quietly, almost without notice. They check …
Bad Data, Issue 6: Adventures in Missing the Point
By: Jeff Heybruck In this installment of our Bad Data series, we look at a source of financial risk that rarely appears …
Outdated Bookkeeping: When Yesterday’s Numbers Can’t Guide Tomorrow
By: Jeff Heybruck In the 4th installment of our series on Bad Data, we’ll explore that it doesn’t always come from mistakes. …
Broken Software Integrations: The Hidden Saboteur in Your Numbers
By: Jeffrey Heybruck Modern businesses rely on an ecosystem of software tools to run efficiently. Payroll systems, CRMs, payment processors, inventory tools, …
5 Signs You Should Buckle Up for Your QuickBooks Clean-Up
By: Jeff Heybruck For a well-managed accounting system, a QuickBooks clean-up can be a quick win — but more often, it requires …
Financial Lessons We Learned From The Restaurant Industry
By: Jeff Heybruck Few industries test operational and financial discipline like the restaurant business. Margins are thin, turnover is high, and costs …
The Smart Way to Scale: Why Small Businesses Choose Fractional Controllers
by Bailey McRae, Fractional Controller A bookkeeper and a strategic financial leader – most growing businesses would name these as critical roles …
Ready To Graduate To Class Tracking in QuickBooks?
A Q&A with Jeff Heybruck, CEO, Lucrum Consulting Q: What is Class Tracking In QuickBooks? A: In QuickBooks, “Class Tracking” is a …
How To Track Retainage in QuickBooks: Easy Step-by-Step Instructions
By: Jeff Heybruck Retainage, also known as holdback, is a common construction industry practice where a percentage of a project’s payment (usually …
Ignore QuickBooks Spring Cleaning at Your Peril
By: Jeff Heybruck When was the last time you looked under the cushions in QuickBooks? You’re not alone. The majority (over 60%) …
Expenses That Can Be Included In COGS (That Might Surprise You)
Some Cost of Goods Sold (“COGS”) expenditures are obvious (eg. raw materials or subcontractors working on a customer’s job), while others that …
How To Be Prepared For A Business Personal Property Tax Audit: Tips From Bookkeepers & CFOs
By: Jeff Heybruck As a fractional CFO and bookkeeping firm, we’ve gone through our fair share of business personal property audits with …
Accounting & Bookkeeping FAQs
In this installment of our frequently asked questions, we demystify some accounting and bookkeeping questions that our CFOs and accountants get asked …
Should I Use The Same Company for CFO and Bookkeeping Services or Keep Them Separate?
by Lucrum Staff Is your company considering outsourcing fractional CFO and bookkeeping services to two different companies? Using a single provider for …
QuickBooks Online Migrations Gone Wrong: 3 Cautionary Tales
by: Lucrum Staff With the approaching end of QuickBooks Desktop, more and more organizations are considering Intuit’s cloud-based QuickBooks Online. Our team …
I’m On QuickBooks Desktop Pro or Premier…Should I Migrate to QuickBooks Online or Upgrade to QuickBooks Enterprise?
by Debbi Silva If you’re on QuickBooks Desktop Pro or Premier, you’ve likely already heard about Intuit’s plan to phase out the …
QuickBooks Integrations: A Checklist To Successfully Plan Your Next Integration
By: Jeff Heybruck In addition to reducing tedious, duplicative data entry across multiple systems, integrating apps with QuickBooks can enable real-time financial …
QuickBooks Desktop 2024: What’s New & Different
By: Debbi Silva The 2024 release of QuickBooks Desktop brings a few notable updates and changes. As our accounting software of choice …
Is QuickBooks Desktop Being Phased Out? – Your FAQs Answered
Heard the buzz about QuickBooks Desktop being phased out, but aren’t sure what that means for your organization? Our Lucrum QuickBooks experts …
The Power of QuickBooks Custom Reports: Real-World Use Cases
Out-of-the-box reports in QuickBooks are a great starting point, but QuickBooks custom reports are the key to creating actionable financial dashboards. We …
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