Recently I attended a presentation about a new accounting technology that streamlines the AP and expense reporting process. I was impressed, and started running through in my mind how well this could improve the lives of our clients, give them better control over their travel spend and give them the ability to scale into
If your accounting function isn’t embracing new technology, you are spending more money than you should in that function. And it’s probably impacting your cash flow due to higher expenses, slower processes, and dependency on snail mail and paper. Gone are the days of manual data entries, paper checks and snail-mailing invoices. Going are the
Why is it at the end of every year everyone puts out a checklist of items they need to do before the new year begins? Are we not more creative than that? Bah humbug. Checklists are boring! Let’s call it something different… the “Year-End Wrap Up”. Yes—that’s it! Ok, it’s really a checklist, but humor
It’s December, and I REALLY should be writing about how important it is to set a realistic budget for the new year. I know I should write about the proper methodologies for deriving the budget, and how it’s critical for business growth… blah, blah, blah. But I just can’t. I can’t because frankly, I’m sitting
In our previous post we talked about how companies feel they are outgrowing QuickBooks, but in many cases they are either outgrowing their accounting processes or they just don’t know what QuickBooks can do. So what are your options if you are outgrowing QuickBooks—and at what point do you need to consider going to an
We often get asked “at what point does a company outgrow QuickBooks? It is a startup accounting package, after all.” And frankly, we have to agree. It is a startup accounting package. …And an accounting package for growing firms, and a general ledger for certain well-established businesses. Basically, QuickBooks is an accounting package that can
We love messy books but unfortunately, the client who tried to save some money by doing the books themselves realizes that poor bookkeeping increases their accounting expenses exponentially. Here’s our take on how Bad Bookkeeping can cost you money.
What would have happened to the Titanic if they knew about the size of the iceberg before they hit it? If you aren’t getting the right– and timely– information from your accounting department, it may be a sign that it may need an overhaul.
Ask any business owner if they ever have enough money or enough people to get the job done and their answer is probably a guffaw and a resounding “NO!”
When you ask them who they need (in a perfect world) you’ll hear they need sales people, operations people and line workers. Rarely do they say they need this one critical position.
March is the time when most businesses start collecting and turning over their documents to their accountants to prepare their taxes. For some businesses, it is pulling out a shoebox of receipts, for others it may be a scramble to bring their books up to date. In either case there is a certain level of financial “madness” that happens in March. There is a simple way to avoid the rush and improve your business at the same time.
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