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What To Know About Hiring Interns

What To Know About Hiring Interns

Internships are often a benefit for both employer and intern. Interns get real-world experience and employers get extra help and an opportunity to get to ...
Four Payment Policies that Keep Companies in the Black

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 cash flow, and ...
Costner Law: A Case Study in Managing Growth and Maintaining Balance

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 Charlotte, North Carolina ...
9 Hidden Costs That Impact Small Business Expense Budgets

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 ...
When Is It Time for a New Accounting System?

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 or older accounting ...
4 Ways to Increase Revenue

4 Ways to Increase Revenue

It’s universal – businesses want to bring in additional revenue. Besides increasing sales from existing customers, there are other ways to increase income. Most importantly, ...
10 Ways to Save Time on Accounting

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 records for tax ...
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 ...