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Categories / Bookkeeping, Budgeting, Cash Flow On Dec 04, 2017

You know you’re an accountant when—during the turkey dinner, holiday shopping, and assorted festivities—your brain turns to budgeting. That’s on my mind a lot right now, as our firm guides clients through exercises and calculations to give them a detailed forecast of revenue and expenses for next year. Does the thought of creating budgets leave …

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Categories / Bookkeeping, Payroll On Oct 03, 2017

“It’s not rocket science.” That’s what I frequently hear from business owners after asking, “Why in the world are you preparing your own payroll?” It turns out there’s a disconnect: between how simple a task may be, and how appropriate it is to do it yourself. Is It Time for “The Talk”? I often advise …

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Categories / Accounting, Bookkeeping On Sep 05, 2017

Most small and mid-sized business owners rarely change accountants—even when they should. There was the owner who was completely surprised to learn he owed $42,000 more in taxes than he expected. Another who received a nasty compliance letter out of the blue. And one who paid too much in taxes because her CPA categorized a …

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Categories / Bookkeeping, Budgeting, Cash Flow, Time Tracking On Jul 06, 2017

An accountant walks into a bar . . . No, it’s not the beginning of a corny joke. It describes a visit I once made to a client. Her books were in shambles. She was bouncing checks right and left. She never had as much money in the bank as she thought she should. And …

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Categories / Bookkeeping, Budgeting, Cash Flow On Jun 27, 2017

Have you hesitated about rolling up your sleeves and digging into the financial side of your company? Then read on. This information will add years to the life your business—and make sense of your conversations with accountants and other trusted advisors. Let’s Start at the Very Beginning When accountants say “financial statements,” they mean three …

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What Can I Learn Today to Improve Our Financial Performance?

You can hear when an engine is running smoothly—or racing or sputtering. The same is true for the financial drivers of your business.

You just need to know what to listen for. The good news is that your numbers are talking all the time!

Here are the best ideas we can find on how to ask your business for the information you need, to understand what it says, and take action on what you learn.

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