The Quantify Blog

5 Reasons to Outsource Your Accounting Department

September 5, 2019

Outsourcing functions of your business is becoming a much more popular and viable option in today’s marketplace. Companies are able to outsource all sorts of functions including human resource, sales, IT and of course, accounting. Today I want to touch on a few of the advantages of outsourcing your accounting function as opposed to hiring…

6 Financial Reports to Help Grow Your Business

September 5, 2019

Having timely and accurate financial reports is crucial to the decision making process in your business. How can you make a smart decision if you don’t know the financial impact it will have on your business? I am going to assume that if you are a business owner, you are at least taking a look…

5 Ways Your Accounting Function Can Grow Your Business

August 30, 2019

Many successful entrepreneurs view the accounting function in their business as an important investment. I know what you are thinking. Of course he is going to say that, he does accounting! Don’t take my word for it. Take a poll of some of the most successful entrepreneurs you know and ask how they value the…

7 Ways to Improve Your Cash Flow

August 15, 2019

One of the most important things for a business owner is cash flow. I am sure you have heard of the saying “Cash is King”. Well in small to medium sized business, this couldn’t be truer. In this post we will discuss 7 things that can help your business have a more positive cash flow.…

10 Things to Look for When Choosing an Accountant

August 8, 2019

Changing accountants is bound to happen when you run a business. As an accountant myself, there are certain things you need to be looking for when making that decision. I have put together a list of the top 10 things to look for when its time for a change. If you have had the same…

Why You Need To Review Your Financials Every Month

August 1, 2019

Many business owners get their books together once a year when tax time comes around. I believe that is a huge mistake. Below are 5 reasons why it is crucial to review your financial statements on a monthly basis. Let me preface this post by saying that reviewing your financials monthly is the absolute minimum…

A Big Mistake You Can Avoid

July 25, 2019

One of my biggest pet peeves is hearing someone use the excuse “I have been doing it that way for years”. I am confident you have heard this at some point during your professional or personal life. In our business, variations we hear are “we have had the same accountant for years” or “we have…

The Challenge of Being a Young Entrepreneur

July 18, 2019

Being a young entrepreneur can be challenging. When I started by business I was 25 years old. Lacking significant experience, it was hard to garner respect for the first couple years. It was especially difficult when you are 25 trying to sell professional services. For a while I never thought I was being taken seriously.…

When Revenue Isn’t Enough

July 10, 2019

I was chatting with a good friend of mine the other day about a potential job he had for his video production company. He is an extremely talented filmmaker, so I am not surprised that an organization approached him with such a large project. On the surface, this looked like the opportunity of a lifetime.…

Cash vs. Accrual Basis Financials

July 4, 2019

Keeping your books on the cash vs. accrual basis is a topic that every business owner must consider at some point. Before we dive into which might be better, lets look at a definition for each. Cash Basis is easy. You record cash as it comes in and as it goes out. Can’t get much…

Role of a Financial Controller

June 27, 2019

Most people have heard of a CFO and a bookkeeper. If you are unfamiliar, CFO stands for Chief Financial Officer. Essentially, they are in charge of all the financial operations of a business. A bookkeeper on the other hand keeps the books in order and makes sure all the transactions get properly entered into the…

4 Benefits of Using QuickBooks Online

June 20, 2019

One of the most common questions I get asked is what accounting software we recommend. We’ve been using QuickBooks Online (“QBO”) for quite some time now and it works very well for our clients. However, there are certainly other software packages that you can use to run your business. This week I want to shed…