If you don't have a system in place to prevent theft by employees, you won't be able to control it once it starts.
When the economy struggles, you don't have to. Keep making telephone calls, talking with clients and prospective customers, and keep a positive attitude. If you do this, the tough times …
A third party debt recovery team can help you improve accounts receivables while also educating you on how to spend time chasing new business, not past due accounts.
If you account on a cash basis, you record a sale when you get the money in the door. You record an expense when you write the check for that …
Forecasting your annual tax benefits for 2009 may help you increase your business.
Whether you should take a discount is totally dependent on the terms of the discount, your cost of borrowing, and plugging the numbers into the formula.
By using a margin contribution accounting method, you can report net profits by division and properly allocate expenses.
To get your business ready for sale, good due diligence asks questions in all areas of your business.
Whether an employee is labeled "salaried" or "hourly" does not answer whether the employee is entitled to overtime pay. The Fair Labor Standards Act has very specific rules regarding overtime …
Annual check fraud losses now exceed $20 billion. Businesses with checking accounts face a substantial shared risk. Frank Abagnale reviews your liability and offers procedures to follow to reduce your …
Service agreements, marketing and diversity will decrease dependence on the weather and flatten out the seasonality.
Limit access to the warehouse. You may need to hire a parts runner or a warehouse person. It’s the best way to save your hard-earned cash. Make the time to …
To avoid losses, carefully select and supervise employees, and adopt internal fraud prevention measures.
Being proactive in the anticipation of change, being diversified in the marketplace, having courage to implement plans and leading your organization to quickly react and adapt are key elements in …
Look to your financial statements to see what's going on in your company. This will tell you whether you should raise prices or make adjustments in areas like productivity, marketing, …
There is no one correct answer to lease versus buy. Since cash is the life blood of all businesses, look at leasing versus financing versus buying outright from a cash …
Now is the time to put the plan in place to decrease your dependence on the weather and increase customer loyalty. Here are four action items for your plan.
If you happen to be among the 60,000 businesses that will be audited in 2008, don’t panic. Make certain your paperwork is in order and consult with your tax professional.
Start preparing for the busier months ahead while you still are experiencing the slow, late winter months. This slower period gives you enough time to think and plan so that …
It is possible to increase revenues per service ticket without increasing your hourly rate. Ruth King describes how.
Good CPAs are an integral part of your advisory team. They help you see the “forest through the trees” and keep you informed so that you can make good business …
Being proactive, eliminating non-productive employees, and watching cash flow are three critical resolutions to keep in 2008.
The best way to operate your business is by plan. Implement your plan. Keep your plan out, communicate it and track it.
You need five to 10 years to develop and implement a sound succession plan. Not developing a succession plan can put your business, your family and your employees at risk.
Companies that focus their entire team on goals and communicate how they are progressing to reach those goals usually have better sales and profits, and lower employee turnover rates.
Opening your books for review means opening a piece of yourself, too. If you truly want a team approach to your business where people are fully invested in the numbers, …
Understanding deduction and documentation regulations will keep you in line with the IRS.
Business is a game that is scored by profit and loss statements and balance sheets. A CFO ensures that the score is being kept properly and can give critical advice …
Make sure that you are earning enough on your jobs and service work to generate reasonable profits, and that you save some of the money you generate.
