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 AP Mistakes
Avoidable Accounts Payable Errors: What to Watch Out for When paying a bill for a business, we all try to be 100 …
How to Stop Robocalls
Everyone receives them (probably more than once a day) and every single time they’re painful, tedious, and unsolicited. Robocalls . . . …
Business Trends for 2020
As we welcome in a new year here at Lucrum (and maybe a new decade depending on how you count them), it’s …
Frequently Asked Questions – December
In our second installment of frequently asked questions, we bring to light some answers that will likely be helpful for any business …
Frequently Asked Questions – October
In the decades we have spent with our clients, we often see the same questions come up. We thought it would be …
Buying a Car or Truck for the Business?
When purchasing a new vehicle, the driver gets the fun of riding around in a new car with the new car smell! …
5 Ways To Speed Up Cash Flow
One of the biggest challenges for small businesses is managing cash flow. If it seems like there is never enough cash to …
Recruiting Incentives – When Should You Consider Hiring Bonuses
Remaining competitive as a business requires more than just careful budgeting and a keen eye for marketing and industry trends. Leaders also …
A Report Card for Your Business Financials
We all remember the days when we got a report card from school? Now that we have a business, it has a …
Cash Flow for Small Business: The First Step to Financial Clarity
For a small business to succeed in today’s marketplace, it’s imperative that the owner or management team know its numbers. Creating a …
Business Planning Made Easy for 2019
2019 is here, which makes today the perfect time to think about business goals and where the company should be one year …
How to Survive a Worker’s Comp Audit
Small businesses with employees have the distinct honor once per year of being part of a worker’s compensation audit. Worker’s compensation is …
How to Plan for Large Purchases
Small business owners often struggle with knowing when it’s the right time to make that next big purchase for their company. Sometimes, …
How to Cut Costs with Fixed Assets Management
Fixed assets include land, buildings, equipment, furniture and vehicles the company owns. While expenses are frequently evaluated to cut costs, fixed asset …
When to Revisit Your Budget
A small business’s budget should be a fluid document. At no point in time should an entrepreneur adopt the “set it, and …
Five Tips to Deal with Seasonal Cash Flow Issues
Maintaining a consistent cash flow can be a struggle for some small business owners, especially if their business is seasonal in nature …
Don’t Nickel and Dime Clients
Unexpected fees are frustrating. Mention car dealer fees or the convenience fees associated with buying concert tickets online and a heated discussion …
How to staff an accounting team
When hiring an accounting team, it’s important to first look at the business’s needs. What a company requires from an accounting perspective …
Five Common Mistakes to Avoid When Hiring for Your Accounting Department
There’s a lot more to accounting than crunching numbers. It’s a highly complex profession that requires an individual who not only excels …
When to Hire a CFO
For some entrepreneurs, it may take years to achieve a sustainable cash flow, while others experience rapid growth and expansion within months. …