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Insights and resources, articles and news. We write about the issues you face, from cash-flow shortfalls to business advisory topics that span industries. Grab a cup of coffee and read on…
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Analyzing Employee Utilization Rates to Drive Profitability for Professional Services Firms
Accounting & Financial Analysis, NewsHow 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,…

10 Tips to Help Improve Your Company’s Cash Flow
Accounting & Financial Analysis, Cash Management & Forecasting, NewsAs 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…

When Should You Consider Outsourcing Your Accounting Operations?
Accounting & Financial Analysis, Managing Market Uncertainty During COVID-19, News
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…

What Should Your Next Steps Be When Applying for the PPP?
Cash Management & Forecasting, Managing Market Uncertainty During COVID-19, NewsThis 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…

How to Effectively Communicate Your Company’s Financials with External Stakeholders
Accounting & Financial Analysis, NewsPresenting 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…

This Is How A Business Can Thrive During Times of Economic Hardship
Managing Market Uncertainty During COVID-19, News, Planning for successAs a business owner, if you are asking yourself, "when is the best time to prepare my business for a negative economic impact?" the answer is now.
The coronavirus pandemic has made an incredible impact across our world over the last few months…

Important Questions To Ask When Planning and Testing A Business Strategy
Accounting & Financial Analysis, Managing Market Uncertainty During COVID-19, NewsAs 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…

Internal Controls That Protect Your Business From Fraud
News, Technical Accounting & ReportingNews 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…

How to Proactively Recession-Proof Your Business
Accounting News & Guidance Updates, Managing Market Uncertainty During COVID-19, NewsThe onslaught and massive outbreak of Coronavirus causing COVID-19 in the last two months has caused the world to turn upside down. Economies have tanked and the DOW has seen the most highs and lows since the 1930s. In this blog, we provide…

The Importance of Cash Flow Management for Small and Mid-size Businesses
Cash Management & Forecasting, Managing Market Uncertainty During COVID-19, News“Cash is King." We hear this phrase time and time again, but why is it so important for small and mid-size businesses? The short answer – if you run out of cash, your business fails. Seems obvious, right? However, what may not be as obvious…

Why You Need Financial Scenario Planning for What Ifs
Accounting & Financial Analysis, Managing Market Uncertainty During COVID-19, NewsIf you’re not familiar with “what-if” scenario analysis, it’s time you familiarize yourself and jump on board. This type of planning can reveal unanticipated difficulties that can destabilize a project, making it a valuable analytical…

What Should Small and Mid-Size Businesses Expect From Their CFO?
Accounting & Financial Analysis, NewsThe CFO's role within an organization depends on several factors. These components may include the expectations coming from the CEO and board of directors, and may also vary depending on the industry, corporate strategy, and the goals of the…

The 3 Financial Statements Every Leader Needs
Accounting & Financial Analysis, NewsAs a business owner, financial data is critical to your success — but only if you know how to interpret the meaning behind the numbers correctly. Most owners or leaders within an organization rely on the aid of an accounting team to accurately…

Top 10 Things Every Business Needs to Know About Sales Tax
News, Technical Accounting & ReportingAs a business owner, you are used to facing never-ending checklists to help get your new ventures up and running. Before the first customer walks through the door, the new owner has already tackled seller's permits, licensing, zoning, and registration,…
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