Recent Posts
Your wellness, health & safety are our concern. With recent reports of the Novel Coronavirus (2019-nCoV) in Pennsylvania, we recognize the importance of pandemic preparedness and overall safety of our staff and clients at our offices. While pandemics are unpredictable in their timing and severity, there are a number of precautionary measures we can take to protect …
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Everything goes more smoothly with a defined process and responsibilities. If you’re working through organizing your nonprofit’s structure, setting up clear financial guidelines and structure can seem daunting. But with the right procedures and roles in place you can create transparency with your stakeholders, staff, donors, and those you serve. You can also increase trust …
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It can show more than just your profits. While every business owner should be familiar with the basic financial statements, including your balance sheet and cash flow statement, you can also use these statements to help guide your strategy. The income statement, also known as your profit and loss statement, can tell you much more …
Continue reading “Financial Reporting: How Segmentation Can Grow Your Business”
Our team of experts is here to answer your questions and help you run your business as efficiently as possible. Check out their answers below to some of the questions we most frequently hear. How often should a small business owner meet with their accountant to discuss business taxes? I prefer to meet with clients …
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Running business operations is not for the faint of heart. So many layers dovetail together: scheduling, accounts receivable, inventory, accounts payable, tracking time, point-of-sale processing. It can seem rather endless. Good news for the many small business owners who use QuickBooks: there are many, many apps to support your operations and free up your time …
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One of the most powerful ways to show appreciation to an employee: a bonus for their hard work. Whether your company is going gangbusters because of their work, they’ve really been putting in extra effort, or even a strategy they were part of is taking off, paying a one-time bonus can bring the team together …
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Payment size. Liability. Maintenance. Cash flow. The decision whether to lease space for your business or buy a building or site is a big decision and should be carefully considered. Either way, you should review liability, your budget and expected cash flow, the short- and long-term goals of your company, and how you plan on …
Continue reading “Commercial space: To buy, or to lease?”
What due diligence steps you should take before acquiring a small business Before you run, you should walk. Not only true for busy toddlers, this adage also applies to small business acquisition. If you’ve been thinking about a possible acquisition, whether to grow your business, start something new, or because an opportunity appeared in front …
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Piles. And piles. And stacks. Of receipts. Keeping good financial records can be overwhelming – especially for those of us who aren’t accountants by trade. But even if you don’t process numbers in your sleep, you can still manage your business’ books well using an accounting software. You’ll get accurate reporting of all the important …
Continue reading “Accounting software: it can help more than you know!”
This could make or break your business: Do you know how to read the three key financial statements? Parentheses, columns of right-aligned numbers, complex formulas, and row upon tiny row of numbers. It’s not easy to read a financial statement unless you live and breathe them every day. And there are several different kinds of …
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