Your Accounting Software Should be a Many-Splendored Thing

You’ve probably heard the song, “Love is a many-splendored thing.” Well, your company’s accounting software should be, too. That is, you’ve got to make sure your system does all of the big and little things necessary to efficiently and accurately track your financials. It’s not only about revenue Annual revenue doesn’t always dictate what software [...]

By |2016-02-24T12:00:17+00:00February 24th, 2016|Blog|Comments Off on Your Accounting Software Should be a Many-Splendored Thing

5 Ways to Cut Costs and Improve Cash Flow

When business owners start to feel the choking effect of a slow cash flow, they often blame their customers. “Why aren’t we getting paid on time?!” But it’s important to remember that cash flow is affected by a variety of elements. For example: Operating expenses and overhead can have a significant impact. Here are five [...]

By |2016-02-17T12:50:50+00:00February 17th, 2016|Blog|Comments Off on 5 Ways to Cut Costs and Improve Cash Flow

Is It Time To Get Accountable With Your Employees’ Expenses?

Many companies start out, and get pretty far down the road, using the “per diem” approach when reimbursing employees for lodging, meals and incidental expenses. Doing so involves the use of either IRS tables or a simplified high-low method to reimburse workers up to specified limits. The per diem approach is relatively simple and doesn’t [...]

By |2016-02-10T13:45:43+00:00February 10th, 2016|Blog|Comments Off on Is It Time To Get Accountable With Your Employees’ Expenses?

The Tragic Tale of a Troubled Business Succession

It’s a tragic tale that plays out in many businesses across the country. The owner of the company believes he’s finally ready to trigger his succession plan and retire. So he names his daughter as his successor, enjoys his retirement party and departs for his vacation home. Reluctant retiree For six months of the year, [...]

By |2016-02-03T14:02:55+00:00February 3rd, 2016|Blog|Comments Off on The Tragic Tale of a Troubled Business Succession