Accounting/Bookkeeping

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You can’t run your business by looking at your bank balance

By Anna Masker In standard4th August, 2017 You can’t run your business by looking at your bank balance

Is this how you check on the health of your business? Step 1: Log in to your bank. Check the balance. Do a few small calculations in your head. Breathe a sigh of relief or panic and make a few phone calls. Step 2: Check sales numbers. Do a few small calculations in your head.

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“It’s not a toomah!”

By Anna Masker In standard1st August, 2017 “It’s not a toomah!”

Flipping through the channels, I happened to hit upon the greatest line of the movie Kindergarten Cop. Arnold Schwarzenegger was an undercover cop acting as a Kindergarten teacher.   While he was struggling to manage the rowdy class, he happened to complain about a headache. One child said, “Maybe it’s a tumor!”  to which Arnold fired

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5 mistakes your bookkeeper is making that you don’t even know

By Anna Masker In standard21st July, 2017 5 mistakes your bookkeeper is making that you don’t even know

Your accounting department can be chugging along, cranking out financials that, on the surface, look great. The numbers look reasonable and you can explain away things that look a little out of whack. However, below those top-line numbers, trouble can be brewing.  Most of the time, you won’t even know it. Many businesses rely on

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How to develop effective KPIs to drive your business

By Anna Masker In standard14th July, 2017 How to develop effective KPIs to drive your business

In our last post we talked about how you can kill the effectiveness of your Key Performance Indicators (KPIs) by trying to measure too many of them. I think that a big reason why business owners overdose on KPIs is that they don’t know how to develop a meaningful KPI, and fall into the trap

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Killing KPIs

By Anna Masker In standard27th June, 2017 Killing KPIs

There is a new epidemic hitting businesses today.  Many companies are overdosing on, of all things, KPIs. Business owners can easily kill the effectiveness of their KPIs by trying to measure too many of them at the same time. When an owner first starts using KPIs, they often go crazy. “What gets measured gets done,” they think. Many

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It’s more than flipping a switch

By Anna Masker In standard21st April, 2017 It’s more than flipping a switch

“It can’t be THAT hard…”  That was the unspoken message my prospect was giving me over the phone. I knew where this was heading. It was leading to a “thanks, but we can do it ourselves” conversation.  I knew it would have taken them a lot longer, a lot more energy, and a lot of trial and error

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I’m sorry, I forgot my magic wand at home.

By Anna Masker In standard10th April, 2017 I’m sorry,  I forgot my magic wand at home.

“Why are we still finding issues with our numbers?!  It’s been three months since we started this process!” my client demanded.   He was right.   We were STILL finding issues with the numbers.  It was futile to mention all the things we had already fixed, or explain to him that when you fix some

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Trust me, I’ve got a great business here

By Anna Masker In standard31st March, 2017 Trust me, I’ve got a great business here

Looking at the numbers before me I realized that this business owner obviously never used his financials to make decisions.   In short form…they were a mess.   Don’t get me wrong.  He had a very successful business which he grew by his gut feel.  You know– it’s the entrepreneurial intuition that makes many non-business people

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Why we DON’T recommend QuickBooks Online – PART 2

By Anna Masker In standard10th March, 2017 Why we DON’T recommend QuickBooks Online – PART 2

We often get asked if we recommend QuickBooks Online (QBO).  In many cases we say no.    In our last post, we talked about how QBO lacks many important features for growing businesses using their financial system for both analysis and keeping control over their finances.     In addition to not handling job costing and

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Why we don’t recommend QuickBooks Online – PART 1

By Anna Masker In standard2nd March, 2017 Why we don’t recommend QuickBooks Online – PART 1

QuickBooks Online. It’s beautiful concept: your financials at your fingertips. It’s mobile. It’s sleek. …but we don’t recommend it for our clients. Here’s the thing… once you pull back the curtain on the mega-marketing campaign that Intuit is putting against QuickBooks Online (QBO), you’ll find a software that falls short on important features. Do we wish we could

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