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Profit: Word of the Year for 2017

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,” or maybe “cash ...
Last Minute Year-End Prep for Small Businesses

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 income and expense ...
Budgeting Essentials in 8 Steps

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 the ability to ...
How to Weather Unforeseen Events

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 of the business ...
4 Tips to Improve Your Accounting Practice

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 long way in ...
7 Tips for Getting Paid Faster

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 balance in accounts ...
How to Do a Cost-Benefit Analysis for Important Decisions

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 risks and gains ...
6 Metrics to Gauge Business Success

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 sheet and income ...
A Business Owner’s Toolbox, Part I: The Decision Matrix

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 compiling and analyzing ...
7 Secret Weapons for Cash Flow

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 (March 2016) show ...
8 Risks for Small Business Financial Health

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 thing altogether  Knowing ...
Your CPA Isn’t Your CFO

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 that a good ...
Take 6 Steps to Be Ready for the New DOL Overtime Rule

Take 6 Steps to Be Ready for the New DOL Overtime Rule

The new US Department of Labor (DOL) ruling regarding overtime for exempt employees takes effect December 1, 2016 The revised minimum yearly salary to be ...
Mid-Year Milestones

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 all of a ...
How to Avoid Sales Tax Surprises

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 new ways to ...
Think Outside the Box – 8 Ways to Delight Customers

Think Outside the Box – 8 Ways to Delight Customers

Most businesses have processes in place that keep the company moving forward each day But pausing to think about how a company provides service makes ...
6 Most Helpful Relationships for Small and Mid-size Business

6 Most Helpful Relationships for Small and Mid-size Business

The quality of a business’ external relationships make running the business easier Managed correctly, those relationships may also increase a company’s profitability Here’s how to ...
Social Media: Separating Business from Personal

Social Media: Separating Business from Personal

People tend to fall into one of two camps when it comes to the combination (or not) of business and personal on social media Some ...