In the News
Helping a Small Family-Owned Business Break Through to Real Profitability
When the owner of a family-owned business came to us, he shared something we hear a lot: "I think I’m making money, but I don’t know for sure. Is my pricing set up the right way?"He’d been figuring out his gross margin by subtracting commissions and overhead from sales. But even with a profit target in mind, he couldn’t see where he really stood—or how to confidently reach his goals.
Is Your Business Really Profitable? Understanding Financial Health Beyond the Bank Balance
A healthy bank balance often makes small business owners feel like they’re in good financial standing—it’s something I see all the time. Unfortunately, what’s in the bank (and what’s not in the bank) doesn’t always tell the full story.
How, you might ask?
On one hand, you might be sitting on cash and still not be profitable. Conversely, you may wonder why your business is profitable on paper, but there’s barely any cash in your account.
Does Your Bookkeeper Prioritize Continual Learning?
Even though the principles of accounting—and to that end, mathematics—don’t see huge changes from year to year, if ever, the field of accounting faces the same continual change as the rest of the world. New tech, new industries, new regulations, and new reporting requirements. All of that means that any bookkeeper or accounting pro who isn’t committed to continual learning risks falling behind.
Enhancing Accounting Services Through Strategic Time-Blocking
As an accounting firm, staying ahead isn’t just about keeping up with the numbers. Instead, by optimizing how we manage our time, we can serve you—our clients—better. So why is an accounting firm talking about time-blocking? It boils down to two main reasons
Growing via M&A in 2024: Strategies for Buyers and Sellers
2024 is the year for Mergers and Acquisitions (M&A). In fact, every group I’ve seen putting together conferences is talking about M&A as a tool for making an exit plan or growing your business. It’s the go-to strategy for companies looking to scale up, diversify, or even make a grand exit.
4 Things Every Small Business Should Know About Their Finances in 2024
Hard to believe it’s already 2024. For the last year, the most important advice I’ve been sharing with clients is to think and plan ahead. By putting in the time to get your plans and financials in order throughout the year, you can save so many headaches when it comes to year-end bookkeeping.With that in mind, I want to share some of our top advice from the past year with our four most popular articles from 2023.
Your company is profitable. But is every job, location, or client?
How well do you know your company’s profitability?
Most business owners use profit & loss statements to evaluate their performance and compare it over specific periods. Still, they might only be focusing on the overall company profitability. While that remains crucial, if you’re in a project-based—or location-based—business, it’s important to know your profit centers.
The Number One Question Your Finance Pro and Bookkeeper Should Ask
It’s no secret that many individuals, and indeed, businesses, often wonder when they should rope in a professional to help manage their finances. “Is it time to hire a bookkeeper?” you might ask. “How do I know who would be the best fit for my business?” I encounter such business and bookkeeping questions frequently, and, though it may not be the satisfying answer you crave, the truth is,
How Your Bookkeeper Can Help You Prepare For Tax Season
Are you ready for tax season?
That’s right. We’re right around the corner from the wildest, craziest time of the fiscal year. Need help to remain sane as you prepare for what’s coming?
Look no further than the sanity-yielding magic of an experienced bookkeeper.
What The Heck Is A Fractional CFO?
When cash flow is poor, growth has plateaued, and you're frustrated about your financial goals … if only you had a trusted partner with the financial know-how to give you advice.
The good news is that no matter the size of your company, there are accounting professionals out there who do exactly this — we’re called Fractional CFOs.
How To Find The Right Bookkeeping Services For Your Business
As your business grows, you eventually arrive at a point where you need professional accounting and bookkeeping services to ensure your finances are in order so that you continue to build profit, pay fair wages, and avoid penalties.
You may have an in-house bookkeeper already — many businesses do. Perhaps it’s dawning on you that you’re not getting what you truly want out of your current arrangement as it relates to financial growth.