The Quantify Blog

Your Most Damaging Mistake

December 7, 2015

I wanted to take this week to touch on a topic a bit outside of my norm. I’ll keep it short for us though. Ever hear someone say, “I have been doing it that way for years”? If I had a nickel for every time I heard that line, I would be well into retirement.…

10 Things You Need to Know About Choosing an Accountant

November 24, 2015

Finding a good accountant can be tough, but it is essential to the success of your business. Here are the top 10 things to look for when starting your search. Disclaimer: Use this list to grade your current accountant. If they don’t pass, it may be time to look elsewhere. 1) Not too aggressive, not…

5 Ways to Get the Most out of Your Accounting Function

November 18, 2015

Last week we discussed the topic of Cost vs. Value. I wanted to take some time this week to dive into the concept of value. More specifically I want to discuss what value you should be getting out of your accounting function. This is a topic that I know best and can articulate what constitutes…

A Practical Discussion of Cost vs. Value

November 6, 2015

So I haven’t sent out a post in the past few weeks because things have been a bit crazy— I bought my first house and it has been a messy process. I think everything that could go wrong did, but we are finally up and running. If you’re ever looking for a good laugh let…

8 Essentials For a Healthy Cash Flow

October 14, 2015

I read a book recently called Never Run Out of Cash by Philip Campbell. If you’re a business owner then “cash flow” is a regular part of your life, which is exactly what this book deals with. I’ve always had a pretty good handle on cash flow and how to manage it, but this book…

5 Values in Starting a Business: Part 2

October 6, 2015

Last week we started discussed some reasons for starting a business, and this week we’ll finish that conversation. If you missed last week then take a few minutes to check Part 1 Here, it isn’t long. We’ll finish up this week with my three remaining business-starting values. Freedom As I’ve said, starting a business is…

5 Values in Starting a Business: Part 1

September 29, 2015

Just a quick disclaimer, for context: We talk a lot about how to be a wise business owner, so I wanted to take a few minutes this week and next to touch on five values that would compel someone to even start a business. These five points helped guide me in starting my business, but…

The Power of the Income Statement

September 22, 2015

Last week we got a better understanding of what an income statement is, now it’s time to take a deeper look and see how we can use this very practical tool to grow your business. So your accountant closes the books for last month and sends you over the income statement, what do you do?…

Who Cares About an Income Statement?

September 15, 2015

Hey guys! So, a few weeks ago we talked about the Balance Sheet and I thought it made sense to follow up with a good discussion on the Income Statement. This won’t be long, but I am going to be throwing a lot at you. Just stay with me and I promise that it will make…

Did You Know Revenue Isn't Always Enough?

September 4, 2015

How the heck do I know if my company is making money? Where am I making money? Are all of my product lines making the same amount of money? Is there an easy way to figure out which area of my business is making the most money? Which area is making the least? Why is…

Employee vs. Contractor: What You Need to Know

August 24, 2015

One of the hottest topics in the past few years with the IRS is the treatment of employee vs. independent contractor.  There are major tax implications for your decision to pay your hired help as an independent contractor or an employee. If you misclassify an employee as an independent contractor, you may be held liable…

5 Reasons You Need To Review Your Financials Monthly

August 19, 2015

Why do you need to review your financials every month? Many business owners get their books together at the end of the year when tax time comes. 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 I strongly suggest…