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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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What Are The 4 Financial Statements You Need to Grow Your Business?
Accounting & Financial Analysis, Cash Management & Forecasting, NewsIt’s not until you start filling in the terms and numbers of your business plan that it shifts from the conceptual to the actual. While your marketing strategy is an interesting read, it’s the figures on the bottom line that will help you…

What Are Key Performance Indicators and Why Are They Important?
Accounting & Financial Analysis, News"You can’t manage what you can’t measure."
We have heard it again and again. This phrase seems to be the creed of the business world. There is something about assigning a number and correlating that with meaning to prove we are being…

The Three Main Internal Controls for Accounting and How They Protect Your Assets
Accounting & Financial Analysis, Accounting News & Guidance Updates, NewsInternal controls are a series of policies and procedures that a business owner puts in place for the following purposes:
Protecting assets: internal controls protect assets from accidental loss or loss from fraud.
Maintaining reliability:…

How to Create the Perfect Annual Budget for a Business
Accounting & Financial Analysis, Accounting News & Guidance Updates, News, Planning for successHave you ever wondered how to create a business budget? An annual budget is an essential financial plan for a company’s expenditure for the coming fiscal year. Company owners can use this plan not only to calculate their yearly budget, but…

Best Practices for Managing Company Credit Cards
Accounting News & Guidance Updates, NewsCredit cards are popular for business transactions for their convenience and benefits. If your company relies on credit cards for business transactions, it is important to follow credit card best practices to ensure the business uses credit…

Financial Tips from Successful Leaders
Accounting & Financial Analysis, Accounting News & Guidance Updates, NewsRunning a business is hard work, and business leaders continuously face new trials, even when their business is extremely successful. For business leaders to continue with growth and success, they must be prepared to overcome challenges. Given…

The Top 5 Financial Reports Every Business Owner Should Review
Accounting & Financial Analysis, NewsThere are several financial reports that will provide insight into the past, present, and future financial state of the business. As a business owner, it is critical to have an annual report of this financial data as it will allow you to more…

Cash Basis or Accrual Basis – Which Accounting Method is Right for Your Business?
Accounting & Financial Analysis, NewsWhether you own a small company or a large corporation it is important to maximize the value of your accounting records so you can make the most informed and appropriate decisions for your business. The accounting method your company uses can…

5 Ways to Improve Internal Accounting Controls and Oversight in Your Business
Accounting & Financial Analysis, NewsEarlier this year, a company approached us after identifying some unusual checking activity while their bookkeeper was out of town for a week at training. They asked us to come in to look at all of the activity and determine if their accounting…

8 Things to Consider When Planning an Annual Budget for your Business
Cash Management & Forecasting, News, Planning for successCrafting an annual budget is one of the most important financial aspects of a business, but often gets overlooked.
Business budget planning is an essential task that is frequently neglected at small and mid-size companies. So why is it so…

Signs Your Company Needs to Hire a CFO
Accounting News & Guidance Updates, NewsOnce your company has achieved a certain level of success, there are hiring decisions that must be addressed to sustain and continue scalability into the future.
For most small and midsize companies, hiring a full-time CFO is not within…

Creating A Budgeting Plan With The Most Overlooked Factors
News, Planning for successChances are, as a business owner or decision-maker, you are always running from point A to point B. You have a call with a prospect at 7:15, need to drop the kids at school, and somehow get in the office for a meeting at 8:00, and when you get…

Planning a strategic budget that sticks
News, Planning for successA budget isn’t just a piece of paper; it’s a tool for your business.
The majority of businesses out there don’t have a formal, written budget or plan. Maybe the business owner has put one together and then put it away in a drawer and…

Cryptocurrency: how electronic money can affect accounting
News, Technical Accounting & ReportingBefore we had paper money, developed countries like the U.S., Canada, Japan, etc. used commodity money; finite goods with intrinsic value like gold, salt, and cocoa beans, as mediums of exchange.
Even today, developing countries use commodity…
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