Accounting/Bookkeeping

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How to Avoid Inefficiency When Managing Your Business Accounting

By Anna Masker In standard6th August, 2018 How to Avoid Inefficiency When Managing Your Business Accounting

How to More Efficiently Manage Accounting Workflows   Stop inefficiencies from running rampant. Far too many businesses use outdated, highly-inefficient business accounting processes – and accounting departments are no exception. Let us give you tips on how to avoid these inefficiencies in your business accounting. Tracking and approving expenses, for example, are plagued by dysfunction

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Most Entrepreneurs’ Dirty Little Secret

By Anna Masker In standard23rd July, 2018 Most Entrepreneurs’ Dirty Little Secret

What is most entrepreneurs’ dirty little secret? They don’t understand their financial statement. And without it, they miss key opportunities and dangers. It’s OK. We know. You may not know what to do with your financial statements or why you should even care. It’s most entrepreneurs’ dirty little secret – they don’t know what to

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5 Reasons Your Business Needs a Budget

By Anna Masker In standard16th July, 2018 5 Reasons Your Business Needs a Budget

5 Reasons Your Business Needs a Budget   Yes. You need a business budget. “I run things by my gut. I don’t need a detailed business budget.” If we had a nickel for every time a client said that, we could all retire now to a sandy beach. Contrary to what that hotshot entrepreneur may

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How to Select the Right Financial Professionals for Your Company

By Anna Masker In standard2nd July, 2018 How to Select the Right Financial Professionals for Your Company

BOOKKEEPER, CPA, CONTROLLER, CFO? WHAT DO I NEED? Selecting the right financial professionals for your company depends on your size, scope, and ambition. No matter how exciting your company’s product or service may be, in the end, someone needs to crunch the numbers. A business poised for growth needs a team of highly skilled professionals

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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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