Beth O'DonnellJul 30, 20182 minManaging Cash FlowsToday I want to begin a series on managing your business cash flows. The dictionary definition of cash flow is fairly simple. Cash flow...
Erin Elizabeth MartinJul 19, 20182 minHow can Accounting Basis Impact your Business Decisions?To make informed financial decisions for your business, you not only need to know the costs and benefits involved, but also your...
Beth O'DonnellJul 3, 20182 minOverview of Basic Accounting StatementsIn my last blog, we looked at the importance of the accounting cycle. We saw how properly recording transactions leads to accurate...
Erin Elizabeth MartinJun 12, 20182 minStandard Mileage Rate vs. Actual Vehicle ExpensesIf your business revolves around the use of your vehicle, such as rideshare, the vehicle’s business-related expenses are probably your...
Beth O'DonnellJun 3, 20182 minWhat Is the Accounting Cycle and Why Is It Important to Your Business?In my last blog, we learned that accounting is used to identify, record, analyze and reconcile your company’s financial information. We...
Erin Elizabeth MartinMay 29, 20182 minDo You Know the Break-Even Point for Your Business?The break-even point is probably the most important measure for a new business owner to understand and utilize in decision making. It is...
Erin Elizabeth MartinMay 15, 20182 minDo You Really Need Commercial Space for Your Business?One of the biggest overhead costs for businesses is commercial office and/or storage space. Do you really need that cost cutting into...
Beth O'DonnellMay 6, 20182 minThe Importance of Good Accounting Policy & ProceduresWhile you’re still small is the best time to establish robust processes and procedures to accurately record and analyze your business...
Erin Elizabeth MartinApr 24, 20182 minThe Importance of Relevant and Reliable Financial Information in Maximizing ProfitsWhether you are a sole proprietor or a publicly traded company the golden rule of business remains the same – to maximize profits. There...