Let me get this off my chest right away….most business owners stink at reviewing their financial statements. It’s not an intelligence thing or even a lack of effort. The cause boils down to three reasons: Whoever prepared the financial statement for the owner (i.e. bookkeeper) is so consumed with the process of getting the statements […]
3 Keys to Reviewing Your Financial Statements Read More »
The internet is not short on many things and Warren Buffett quotes are one of them. There is one specific quote that Buffett said that accountants and financial professionals love to use. Accounting is the language of business Warren Buffett BAM! Us accountants have been telling you how important we are for years and now
The Accountants Legacy Read More »
Wouldn’t it be great if you could get a sheet of paper each week or month that tells you at a high level how the four most important aspects of your business were going? Most small businesses don’t have regular scorecard reporting they use to run their business. This is a shame because just a
Big Ideas for Small Business: 4 Examples of KPIs for Your Scorecards Read More »
As businesses grow with time, bad habits begin to form. These bad habits take many forms…some will effect your customer service, some will effect your employees, and most all will effect your bottom line. For those of you that have ever purchased a business, you will know exactly what I mean. When you purchase a
3 Ways Small Business Owners Can Give Themselves a Raise Read More »
If you are a service based small business, you more than likely can measure the utilization rate of your employees. At a basic level, utilization rate measures what percentage of your employees time is spent on work that is billable to a project or client. Your accounting of finance department should be able to track
Accounting + Utilization Rate For Your Small Business Read More »
