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 and experiences some ...
How to Read Your Income Statement
The income statement of any business is probably the most important report of all. It is a snapshot of the financial performance of a business ...
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 on being “nickel ...
Spend Too Much Time on Email?
Almost everyone feels as though they spend too much time on email – the Lucrum team included. That’s why we’ve compiled the following seven tips ...
How the new tax laws are impacting recording meals & entertainment expenses
The IRS has plenty of rules regarding deducting expenses from business income; one area that has plenty of rules is entertainment. While buying meals or ...
Boost Your Accounting Know-How With These Terms
The field of accounting has its own vocabulary, which can sound like a foreign language at times. By learning the following accounting terms, an individual ...
Building a Marketing Budget
Every successful company must find a way to sell their services or products. Often, in relationship-based businesses, companies are selling themselves. Companies that don’t have ...
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 can vary from ...
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 at understanding accounting ...
Three Super-Easy Ways to Boost Your Revenue for 2018
Every business has a gold mine in its current customer base. But not all business owners remember to mine this gold because they are too ...
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. Simply put, the ...
Making Deadlines Can Save You Big Bucks in Your Business
There are a lot of deadlines that come with running a business. In fact, missing some deadlines can have serious financial implications on the health ...
Word of the Year: Pricing
It’s simple. Companies are in business to make money. They do this by: providing a service; producing a product. Many companies struggle with how to ...
Ways to Ring in 2018
The New Year is just around the corner, and while many businesses may be scurrying to wrap up the books for end-of-year, now is the ...
Top 5 Financial Mistakes in Manufacturing – Tips for All Businesses
By Kurt Dyck, CFO & Business Advisor Lucrum Consulting The average small business manufacturing company produces anywhere from dozens to hundreds of thousands of products ...
Get Ahead on Year-End Tasks
Year-end is just around the corner, and that means a couple of administrative tasks are necessary to take care of bookkeeping and tax chores. Here ...
Financial Due Diligence Steps to Take When Purchasing a Business
Buying a business is no simple task. It’s a complex undertaking that includes a multi-step due diligence process to ensure the investment being made is ...
Five Ways to Streamline Your Payroll Process
For business owners with employees, payroll is a necessary task that can often takes a lot of time. To make payroll less time-consuming, consider these ...