Cash Basis vs. Accrual Accounting: Why Your Business Needs to Embrace Accrual Accounting
As a small business owner, you probably got into your business because you love fixing things or providing top-notch customer service. The last thing you want to think about is accounting, let alone the differences between cash basis accounting and accrual accounting....
How to Drive More Profit Into Your Business Using the Key Levers
Did you know no matter what industry or size of business you're in, there are really only a few levers you can pull that will impact profit or cash? While it can seem daunting, the Income Statement is really only made up of 5 major sections, and within those...
Understand the Stories Behind Your Numbers
Have you ever wondered how much better your business could be if you understood with perfect clarity all of the stories buried deep inside your financial statements and could make decisions based on sound financial data (not just a hunch)? Click to learn more from Spencer.
Create Your Annual Budget: 5 Simple Steps
Getting a budget in place - no one likes doing it, but you need one and it's easier than you think. Check out Spencer's video to learn the 5 simple steps to follow that will leave you asking yourself, "Is it really OK to simply leave it at that?" (Spoiler alert - yes,...
Top 3 Reasons Your Team Needs to Track Their Time!
We get it. Nobody likes tracking their time. There’s no way around it. It sucks. But as much as it sucks, there are 3 critical reasons to enforce strict time tracking: 1) Increase performance of an individual team member by $24,912. 2) Avoid the turtle growing to its...
The Top Three Things to Think About Before Your Next Busy Season
It’s finally time to take a breath after the craziness of busy season. It’s tempting to kick back and gear back. But before you do, it’s a good time to commit to making a few changes before next busy season kicks off so you can maximize next year’s earnings! ...