The account on the income statement called Cost of Goods Sold (abbreviated as COGS) can be confusing to non-accountants. In this article, …

In our last month’s article, we went through the basics of job costing, how it can give management a better perspective into …

Accounting for project-based businesses can be particularly challenging for inexperienced financial managers since there are far more considerations than just capturing revenue …

When purchasing a new vehicle, the driver gets the fun of riding around in a new car with the new car smell! …

Setting customer expectations in business is essential to gain the trust of customers, avoid conflicts, and maintain a high degree of customer …

One of the biggest challenges for small businesses is managing cash flow. If it seems like there is never enough cash to …

Perhaps the most important and dynamic relationship within a business is between the Owner/CEO and the CFO. The Chief Financial Officer is …

Remaining competitive as a business requires more than just careful budgeting and a keen eye for marketing and industry trends.  Leaders also …

We all remember the days when we got a report card from school? Now that we have a business, it has a …

For a small business to succeed in today’s marketplace, it’s imperative that the owner or management team know its numbers. Creating a …