Year End Business Financial Planning In 4 Easy Steps
Fall has arrived and it's the perfect time to do some business financial planning. At this time of year, we're concerned with multiple things...finishing the year, taxes, and getting a jump start on...
View ArticleCash Flow Forecasting for Milestone Billing
Forecasting cash flow for a one invoice project is pretty easy to understand. Cash will hit your bank account when that invoice becomes due. But what about projects that have multiple billing...
View ArticleHiring a Bookkeeper: 8 Accounting Interview Questions To Ask
It can be difficult to narrow down the pile of bookkeeping candidates to those who meet the needs of your job description. To be successful at this task, you'll want to ask questions that will ensure...
View ArticleAn 8 Step Process For Designing A Chart of Accounts
How do you design a chart of accounts to ensure you can get good, clear, and consistent reporting information? You could just have one account on the profit and loss statement called "expense", but...
View ArticleTime Tracking: Necessary and Not so Evil
There are ways to implement time tracking that minimize the commonly quoted reasons for hating the policy, but first you need understand why time tracking is important (even if you bill on a fixed fee...
View ArticleIs Your Business Over Weight? How to Determine the Financial Health of Your...
It's common for small business owners to measure their financial health based on their income statement or bank account balance and deem their business "fit" if the bottom line looks good. To reveal...
View Article3 Quick Tips to Make More Profit and Increase Cash
Most business owners have too much on their plate, so much in fact, they end up throwing cash and profit away. It's not that they are so profitable and have so much cash they don't know what to do,...
View ArticleSharing Financial Information With Your Employees
A common question amongst business owners is "how much information should we share with the employees?". Some owners want to be transparent, so employees understand their decisions, but others are...
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