Should Your Business Produce a Profit?

There continues to be an ongoing argument regarding the profit motive of capitalism. Those against profit argue that owners, significant company executives and shareholders are motivated by greed at the expense of employees in order to line the pockets of a few.  Is this true, an exaggeration or an attempt by special interests (idealogs), to […]

Financial Reporting: What is Your Message?

Accounting reports record the financial performance (Profit/Loss) and standing (Balance Sheet) of the company. They provide information to those interested in the financial score of the company and are used, if designed properly, to serve the interests of various audiences. In order to effectively address the questions of each audience you need to understand their […]

Compliance or Management Reporting?

A struggle in many companies is the investment in resources to meet accounting compliance reporting requirements and the amount of resources left over to provide management with information to manage the company.  When companies are small it is difficult to afford staff and time to do both so you know which one – compliance – […]

4 Areas to Consider When Planning Your New Year

If you are reading this and giving consideration to your business plan for next year then you are among a select group – those who are still in business after a rough year in a tough economy. Hopefully you used some sort of plan for critical objectives to enter last year and for the most […]

Cash Flow Modeling: An Early Warning System to Manage Business Financial Health

The day-in day-out duties of running a business can give you a false sense of confidence that you have a good handle on the financial challenges that lie ahead for your business.  One of the most significant omissions that owners and founders make is not committing to a regular process that forecasts or models the […]