10 Tips To Help Improve Your Company’s Cash Flow
As a business owner, you run the risk of bankruptcy if you’re not on top of cash flow management. A full 82 percent of business failures are caused by poor cash management, according to a US Bank study. So, is it easy enough to bring in more money than your business...
When Should You Consider Outsourcing Your Accounting Operations?
Do you spend late nights and weekends struggling to keep up with your company’s accounting records? Or worse, does this time intervene with the time spent running the operations of your business? Are you unable to assess the profitability of your business or perhaps...
How To Protect Your Small Business From Employee Fraud
Whenever a high-ranking executive from a prominent organization gets involved in a case of embezzlement or employee fraud, it makes headlines around the world. These are a few more well-known examples of fraud: Dane Cook, an American comedian, whose brother who was...
Coronavirus Impact & Business Resources
Businesses are feeling the stress brought on by COVID-19 and have yet to understand the impact. Now more than ever, it's essential to stay informed, react, and plan for the future.
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What is Outsourced Accounting?
Managing the accounting function and financial reporting in a small or medium-sized business is an enormous undertaking for a growing team. Outsourcing your accounting needs gives you expert-level financial service and support to achieve your business goals. When you...
Analyzing Employee Utilization Rates to Drive Profitability for Professional Services Firms
How utilized are your employees? What percent of their time is being spent working on projects that are not billable to the client? How much is that costing your company in productive capacity? If you do not know the answer to these questions, you could be missing out...
10 Tips To Help Improve Your Company’s Cash Flow
As a business owner, you run the risk of bankruptcy if you’re not on top of cash flow management. A full 82 percent of business failures are caused by poor cash management, according to a US Bank study. So, is it easy enough to bring in more money than your business...
When Should You Consider Outsourcing Your Accounting Operations?
Do you spend late nights and weekends struggling to keep up with your company’s accounting records? Or worse, does this time intervene with the time spent running the operations of your business? Are you unable to assess the profitability of your business or perhaps...
PPP Loans: A Second Wave of Relief
Businesses still seeking relief from the impact of COVID-19 may be able to find it in the second round of PPP loan legislation passed by Congress in late December of 2020. The Consolidated Appropriations Act, 2021 seeks to overcome some flaws of the first round of the...
What Should Your Next Steps Be When Applying for the PPP?
This article was originally written on May 1 and portions have been updated on July 7, 2020, in accordance with the PPP Flexibility Act signed into law on June 5 by President Trump. Additionally, the PPP application extension period being moved to August 8, 2020, for...
How to Effectively Communicate Your Company’s Financials with External Stakeholders
Presenting financial information in an easily digestible format is essential when communicating with external stakeholders such as lenders, investors, and other strategic partners. These communications are vital to the long-term success of a business; however, it can...
Important Questions To Ask When Planning and Testing A Business Strategy
As any good business leader knows, planning for the future is a necessary step to help ensure the company heads in the right direction and reaches success along the way. Now more than ever before, this practice is a necessary step to even ensure its survival. Part of...
Internal Controls That Protect Your Business From Fraud
News headlines involving embezzlement, fraud, data breaches, and other scandals may have you nervous, especially during the current economic climate. "What is happening within my organization?" might be a thought regularly occurring in your head. After all, fraud is...
Strategic Budgeting Help for 2021
In this guide, we provide the tools to be successful.
- How to build a budget & how far you should plan ahead
- Why your business needs a formal strategic financial plan
- How to go from reactive to proactive budget management
- Using your budget to gain more control over your business
- Comparing budget vs. actuals against financial data