As a business owner, you’re totally capable of managing your bookkeeping and accounting staff in-house. But when doing so wastes money (a lot of money), why would you want to? It’s just like flushing precious capital down the drain, but in a way that causes eyestrain and makes you want to pull your hair out.
Knowing your company’s circumstances is crucial to fleshing out the story depicted on your Company Scorecard. Understand how to interpret your numbers and the 3 important steps to analyzing any financial report…
…monitoring income and trends like Trailing Twelve Months helps you make strategic decisions, including how to be more prepared if you’re at the exit stage of your businesses lifecycle.
The only way to run a business confidently, while achieving enduring success and growth, is by making data-driven decisions facilitated through management accounting.
QuickBooks has dominated the business accounting software space since Intuit® launched the program in the 1990s…
Every business owner (and the bookkeeper) love a perfectly reconciled account, but they may not always be in perfect balance
Forecasting revenue or having a revenue projection uses an existing business’s historical financial data, market information, and sales data or a startup’s market research and expenses to anticipate future revenue and growth.
Value pricing is a powerful business tool.
Implementing it can increase revenue and drive future growth. It creates the incentive to improve business processes so you add more value and it increases the value you offer to your customers.
Any business in a growth mode has to face the reality of hiring more people to handle the load. But how do you know when you have too many employees? How do you know if there’s not enough employees? Are they overworked? When does the return balance the cost? And when should a company begin to expand not only its income-producing employee team, but also its back office staff?
