Everyone receives them (probably more than once a day) and every single time they’re painful, tedious, and unsolicited. Robocalls . . . …
Business Trends for 2020
As we welcome in a new year here at Lucrum (and maybe a new decade depending on how you count them), it’s …
Frequently Asked Questions – December
In our second installment of frequently asked questions, we bring to light some answers that will likely be helpful for any business …
Get Organized Now With This Year-End Checklist
A great way to make a wonderful start to 2020 is to wrap up 2019 feeling organized and on top of the …
Frequently Asked Questions – October
In the decades we have spent with our clients, we often see the same questions come up. We thought it would be …
Understanding Cost of Goods Sold (COGS)
The account on the income statement called Cost of Goods Sold (abbreviated as COGS) can be confusing to non-accountants. In this article, …
Cost allocation theory and practice PART 2
In our last month’s article, we went through the basics of job costing, how it can give management a better perspective into …
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 …
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! …
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 …