Challenges When Using Excel To Run Your Business
While many businesses use excel as a starting point for running their business, and it is a great place to start if the only choice, there are many risks. Excel is not a long-term solution to be able to effectively run a growing business. Formula errors found in a...
Reaching Financial Success in 2019
What will make this year different than other years for my business? This is a question every business owner thinks about. By reviewing your historic information and looking forward you can set the stage for making this year one of your best ever, a financial...
8 Ways to Prepare for Year End Financials
Happy New Year! It’s that time of year when we find ourselves living in the past and the present and potentially the future. It is just the beginning of the New Year, yet we are thinking about what happened in the past year. Until we see and put together what has...
Living an Abundant Life
Thanksgiving and the start of the holiday season is a great time of year to reflect on all that we have to be thankful for. Fun celebrations abound at this time of year allowing me to focus on spending time with friends, loved ones, colleagues and clients. It is time...
Are you REALLY reconciling your bank accounts?
Business owners frequently tell us that they are “reconciling” their bank account because they are categorizing and matching transactions downloaded into the connected bank feed. While bank feeds have significantly reduced the amount of time a business has to spend...
The Concept of Internal Control
Internal control is a very special phrase in the accounting profession. Tactically, it’s the set of processes that help a company produce accurate data throughout the organization, follow reporting requirements and laws, and maintain consistency and accuracy in its...
5 Ways to Make Your Business More Efficient
A great entrepreneur will always be on the lookout for ways to improve their business. Efficiency is a goal everyone wants to achieve when it comes to business because it can translate into less work and more profits. Here are five ways you and/or your staff can...
Should You Have a Financial Dashboard?
A quick glance is all you need to check your fuel gauge, speed limit, engine temperature, and RPM when you’re driving down the road. Your car’s dashboard is designed to focus you on what’s important and what you need to know to have a safe trip. Your car’s dashboard...
How to Survive a Worker’s Comp Audit
If you have employees, you have the distinct honor once per year of being part of a worker’s compensation audit. You likely receive a form in the mail, an email request, or a phone call that will ask you about your payroll numbers and employees for the prior year. ...
Setting Up Products and Services
The products and services your business sells make it unique. The same thing is true of how these items are set up in your accounting software. Whether you’re using QuickBooks Online or something else, getting your products and services set up right can impact the...