Posts Tagged Accounting

What is Your Business Trying to Tell You? 5 Keys to Better Business Metrics

Business metrics

In my career as an entrepreneur, I’ve often fooled myself about what’s important and how to build my business. I’d go to work each day focused on results that are easy to see: making a sale, collecting “follows” on social media, tracking the website hits from my online advertising. And sure, […]

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Part 3 – Financial Reporting: You Can’t Make Good Decisions with Bad Data

Better Business Decisions Start with Better Financial Reporting

Last time we looked at nine warning signs that your business might need a transformation or major tune-up.  This time we’ll talk about how to get started, with four improvements in management information and financial reporting.  In short, to make better decisions with better data, you need to: 1. Correct errors in your […]

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The Least Fun You’ll Have this Holiday: Year End Tax Planning Checklist

It’s a shame, really, that we have to interrupt our joyous year-end holidays with gut-wrenching year-end tax planning… So to minimize the pain, I’ve put together a quick list of the 6 things I think you should know this year.  Put down the fruitcake and eggnog for just a second, […]

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Hire an Accounting Wizard Without Trying (Part 2)

hire an accountant - hire a wizard

Last week when I finally decided to hire an accountant, I was up to my ankles in alligators. The last thing I wanted was the administrative nightmare of responding to resumes, scheduling interviews and sorting skillful accountants from the merely competent.

If you read last week’s post, then you already know how to attract the best accountants to apply for a job at your company. Now you need to pick the best one and hire them as quickly and efficiently as possible.

Here’s 2 tricks — and 1 fail — I found that made the process smooth, short and amazingly productive:

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How to Hire an Accounting Wizard (Part 1)

hire an accountant - hire a wizard

I recently hired several new accountants to join our staff — a task that I had been dreading for months. Drowning in a flood of mediocre resumes sounded like an administrative nightmare.

The average job posting gets more than 250 applications… but you really only want the 3 best. And if you could be instantly handed the ONE that was a perfect fit? Even better, right? With that in mind, recruiting seems like a huge waste of time… and yet the process is vitally important.

Happily, there are several ways to cut the time required and assure a much better outcome. Here is the first trick I found that saved me about 3 days of toil.

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Infographic: How Better Accounting can Help You Qualify for a Surety Bond or Contractor Bond

General contractors have long been required to purchase construction bonds to qualify for federal public works projects. These days, the practice is spreading to private projects too.  Now its more important than ever to qualify for a surety bond (or general contractor bond) no matter who your clients are. How can a GC qualify […]

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Credit Card Processing Glossary: 10 Terms You Need to Know

credit card processing

If your company engages in credit card processing, then you’re likely well acquainted with the complexity of deciphering a monthly credit card processing statement. Unfortunately, the credit card processing industry has a vested financial interest in maintaining a veil of confusion in their statements and uses jargon that is virtually incomprehensible, […]

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Flash Reports! Great Management Decisions Should be Based on Data

Flash Report Template XL

There are so many moving parts to worry about when managing your business. And to make a hard job even harder, accounting systems never seem to have a single report that draws all your most important data together in one place. Key Ingredients Instead of relying on 12 different financial reports, build one […]

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