The world has changed and will probably never be the same again. It seems like these days it is changing drastically on a daily basis. At times it feels overwhelming just to keep up. But as with any change comes great opportunity. However, in order to seize these opportunities, we need to adapt. When it…

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I can’t tell you how many conversations I have had with business owners that want a more proactive accountant. Many accountants unfortunately are reactive. They are really good at answering questions or determining how to treat something once it has happened, but they rarely point something out in advance or provide much value until it’s…

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It’s been quite a while since created a new post. To say that things have been a bit crazy over the past couple months would be a ridiculous understatement. We feel like it has never been more important to put out valuable information that business owners can use to recover, grow and protect their businesses…

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There is a huge misconception among the small to mid-sized business community that the balance sheet serves little to no purpose.  Before I address this, let’s first take a look at what the balance sheet actually means.  The balance sheet shows the assets a company owns and the liabilities the company is responsible for at…

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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…

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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…

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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…

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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.…

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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…

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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…

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