Accounting/Bookkeeping

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Scaling up: Don’t leave your accounting department behind

By Anna Masker In standard19th August, 2016 Scaling up: Don’t leave your accounting department behind

You may have started this business on your kitchen table, or in your garage, or, even in a trendy new co-working space.  But now you’re officially a “big” company, pulling in a couple million — with your own office space and a staff and a lot of growth on your horizon. You are a real

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It CAN happen to you

By Anna Masker In standard10th August, 2016 It CAN happen to you

There was something suspicious about that charge on the bank statement.  The client didn’t remember making that purchase.  They just happened to open the statement email and log into their account to see their statement balance.  Noticing it was unusually low they–“just out of curiosity”– looked to see what they were spending their money on. 

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Your other line of business: Bank

By Anna Masker In standard3rd August, 2016 Your other line of business:  Bank

Again!  The customer didn’t pay again! It was the third month in a row that my client’s customer had some excuse as to why they couldn’t– or wouldn’t– pay. When I looked at my client, I had to ask:  “When did you become a bank?  Because I thought you were in a completely different line

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Why lumping labor below the line is bad for your business

By Anna Masker In standard8th July, 2016 Why lumping labor below the line is bad for your business

We often run into companies that book costs under one category — Payroll. And that Payroll line is often found in the expenses section of the P&L, not up in Cost of Goods Sold. So who cares? Labor is labor — especially if you are paying salaries, right? It’s not a variable cost, right? Wrong.

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You can’t make good decisions when your numbers are crap

By Anna Masker In standard16th June, 2016 You can’t make good decisions when your numbers are crap

From the silence on the other end of the phone, I knew I had lost them.    I had spilled my guts and had broken every rule of sales in the process. I cringe now thinking how I tried to convince the business owner on the other end of the line why having a strong

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Staying Scrappy

By Anna Masker In standard27th May, 2016 Staying Scrappy

6 years ago we got a dog. She was the scrappiest thing we ever saw.   Before getting to the shelter, and before we even saw her, we had agreed on a name — Chloe.  But when we got to see her, well, let’s just say she didn’t look as refined as a “Chloe”.  She was

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“Well… that sucked.”

By Anna Masker In standard19th April, 2016 “Well… that sucked.”

“Well… that sucked.” That was the summation of a business owner’s experience filing his taxes this year.  He finished working with his CPA feeling underserved, unimpressed and blind-sided by a big tax bill he didn’t know was coming. Before this turns into a gripe session about accountants, let’s set one thing straight.  CPA firms are

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Increasing your Accounting Velocity

By Anna Masker In standard8th April, 2016 Increasing your Accounting Velocity

Ever think of your accounting department as being quick, savvy, and fast?  No?  You’re not alone. Seriously– I can’t think of a bunch of more slow-moving meticulous, analytical  people in the universe.  (And I’m one of them, by the way.) If there is one complaint we hear from owners is that they never get information

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Spring Cleaning Your Balance Sheet

By Anna Masker In standard1st April, 2016 Spring Cleaning Your Balance Sheet

Just as it’s time to clean out closets and wash windows it might be time to do a little spring cleaning on your balance sheet. Why is cleaning up your balance sheet important?  It’s the first place most banks and investors (and you) look when  you  measuring the health of a business.  If there’s a

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My March “Madness”

By Anna Masker In standard21st March, 2016 My March “Madness”

I get mad in March. It’s not because I stink at my basketball picks, or that the weather can’t decide if its still winter or spring. I get mad in March because it’s when the CPAs’ adjusting journal entries come rolling in, and often blow up any kind of analysis one could do on the

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