How contractors can take charge of job costing
Do you clearly understand all of the costs you incur to create your product or deliver your service? Now, that question may sound odd to you. You scan your accounting transactions all the time, and […]
7 commonly ignored financial reports (you should actually pay attention to)
Your time is precious. To succeed in business, you must make smart decisions about using your time, and that includes the time you spend on financial analysis. While many owners review the balance sheet and income statement, many […]
Employee theft: Why it happens & how to deal with it
It’s deeply personal. Discovering employee theft can be infuriating. After all, you hired, trained, and trusted the worker to help you grow your business, and that trust has been violated. This situation may be the […]
Pro tips for managing your cash flow
If you could receive customer payments faster, how would your business improve? Many small businesses struggle with cash collections, and finding enough cash to operate each month can be a challenge. Speeding up cash collections, […]
How workers compensation costs impact company profitability
Do you know the true cost of operating your business? Many business owners – even people with years of industry experience — don’t fully understand the financial impact of workers’ compensation insurance. The cost can […]
What is job costing and how can it boost profits for your small business?
If you can’t identify all of your project costs, how can you determine the profitability of the engagement? You can’t. Company owners that conduct business on a project basis may be a difficult time tracking […]
Best practices to help your business avoid tax fraud
As a business owner, you may find it increasingly difficult to file an accurate tax return. The tax code is complicated, and it’s not unusual to a mistake when filing your business taxes. However, if […]
Does your business need a virtual CFO?
How much help do you need to manage your business? The answer will change, as your company grows and becomes more complex. Many businesses hire experts to manage growth, but taking on a high-level employee […]
How much is your business really making & spending?
If you can’t answer this question with hard numbers, then you don’t really know. The most successful companies have systems in place to make sure that profit is prioritized, expenses are controlled and stakeholders are […]
How to prepare for the dry spell in your small business
Twin Lakes Tree and Lawn Care 2019 Budgeted Income Statement Sales $200,000 Cost of Sales Materials $40,000 Labor $70,000 Total Cost of Sales $110,000 Gross Profit $90,000 Operating Expenses Salaries $30,000 Depreciation, Insurance, Rent $12,000 […]