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Cost allocation theory and practice

Cost allocation theory and practice

Accounting for project-based businesses can be particularly challenging for inexperienced financial managers since there are far more considerations than just capturing revenue and expenditures on ...
Buying a Car or Truck for the Business?

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! However accounting’s job ...
Accounting Related Policies

Accounting Related Policies

Setting customer expectations in business is essential to gain the trust of customers, avoid conflicts, and maintain a high degree of customer satisfaction. This is ...
5 Ways To Speed Up Cash Flow

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 meet all of ...
CFO Does Not Equal No! A Strategic Approach to Transformative Financial Leadership

CFO Does Not Equal No! A Strategic Approach to Transformative Financial Leadership

Perhaps the most important and dynamic relationship within a business is between the Owner/CEO and the CFO. The Chief Financial Officer is one of the ...
Recruiting Incentives – When Should You Consider Hiring Bonuses

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 need to keep ...
A Report Card for Your Business Financials

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 report card as ...
Word of the Year: Cash Flow

Word of the Year: Cash Flow

For a small business to succeed in today’s marketplace, it’s imperative that the owner or management team know its numbers. Creating a robust and accurate ...
Business Planning Made Easy for 2019

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 from now. Now ...
Showing Gratitude in the Office & Why It’s Important

Showing Gratitude in the Office & Why It’s Important

It’s the time of year where a lot of people think about what’s important to them and how thankful they are for the people in ...
How to Effectively Communicate with Clients

How to Effectively Communicate with Clients

In business, maintaining strong client relationships is vital. On any given day, it’s not uncommon for all levels of employees to regularly speak with clients ...
Should You Have a Financial Dashboard?

Should You Have a Financial Dashboard?

A quick glance is all that is needed to check a vehicle’s fuel gauge, engine temperature or RPM when driving down a road. A car’s ...
When Should You Outsource?

When Should You Outsource?

Outsourcing has become a popular business practice. That’s because today’s marketplace is teaming with contractors who offer a variety of specialty services, ranging from marketing ...
How to Survive a Worker’s Comp Audit

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 an insurance program ...
How to Plan for Large Purchases

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, the entrepreneur’s hand ...
How to Cut Costs with Fixed Assets Management

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 management is another ...
Five Ways to Make A Business More Efficient

Five Ways to Make A Business More Efficient

A great entrepreneur will always be on the lookout for ways to improve their business. Efficiency is a goal everyone wants to achieve when it ...
When to Revisit Your Budget

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 forget it” rule ...