I recently came across this post. And while I am not sure when it was written, I still deemed it important to post. While the content was created for budgeting for personal finances, every single point is relevant to business finance budgeting as well. Every point was so dead on that I couldn’t have said…
So I have shared quite a bit with you about how to manage your finances and creating budgets. But what you really want to know is how to increase your bank balance – permanently. So here’s the one sure fire way to increase your bank balance. SAVE Yep that’s it. How you ask? The same…
As we head into the 4th quarter, you are super focused on ending the year with a bang, right? It is also the best time to start thinking about your plans for the upcoming year. Take a look at your current year to date actual figures and answer these questions: How have you done so far…
Accounting is the recording of financial business transactions in a systematic way. It encompasses the process of summarizing, analyzing, and reporting these transactions in a comprehensive way. It is one of the most important jobs or tasks of a business. This act of organizing financial data can tell you all sorts of things about your…
Operating a business requires continuous cash inflow and outflow. And I’m not necessarily talking about no small potatoes. Sometimes there are some big ticket items weighing us down and we harbor them and hold them close and then implement other processes that end up hurting us in the long run. These processes are not written…
At least once per day someone shares with me how much they dislike doing accounting; yet they have a million reasons why they keep handling it themselves. STOP DOING IT and OUTSOURCE IT! So here are 4 reasons why outsourcing is right for you and why you should be like Nike and Just Do It! 1. Expert…
Every day we turn on the TV or read an article and hear about the benefits of working in the cloud. How the IT industry is using it to make a bigger mark in the world. How the medical industry is using it to become more innovative. But what about YOUR industry? Yes, there are…
I often receive questions about how to set-up a business. Potential new business owners are excited to set-up their businesses, but they don’t always know the best way to set-up their business. There is tons of information on setting up a new business and you should do your due diligence and research on each type…
Managing your finances yourself can be a very daunting task. If it’s not your wheelhouse it can be overwhelming, confusing and frustrating. And when those feelings set in, often times everything gets murky and transactions aren’t coded properly, if they are recorded at all. So here are 7 do’s and don’ts that you should heed…
Have you ever noticed an airline pilot lugging a black briefcase on their way to the next flight? Those briefcases aren’t filled with personal effects, but are 40-pound flight kits containing charts, maps, manuals and guides. Delta Airlines recently made a move to replace those bulky flight kits for its 11,000 pilots by giving them…
