To Debit or Not to Credit

  • Posted by Marketing Intern
  • On February 12, 2015
The accounting profession has experienced a complete transformation in the way financial statements are generated and communicated to users. The emergence of low cost accounting software packages has replaced ledger cards and column pads, while hand written journal entries and general ledger postings seem now to have been replaced by “save” and “ok” buttons. With […]
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Profit Engineering for Small Businesses

  • Posted by Marketing Intern
  • On February 12, 2015
Now that many businesses have ended their calendar year and are preparing for tax reporting, it is an excellent time to evaluate last year’s performance and define areas needing improvement. As the economy tends to drift along at a sluggish pace, most businesses need to sharpen planning skills and develop a strategy that will deliver […]
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Juggling Small Business Growth

  • Posted by Marketing Intern
  • On February 12, 2015
Everyone in business wants to grow, right? Except for hobby businesses, or those where the owner doesn’t have growth as a goal, the answer is usually “yes.” In the beginning, most business owners think only of survival, and rightly so. The popular press is full of studies touting the long odds against business survival, let […]
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Small Business Accounting, Big Deal

  • Posted by Marketing Intern
  • On February 12, 2015
Recently, much of the news coverage of large corporations is concerned with their accounting practices, or “cooking of the books.” These corporations are now facing public scrutiny for their practice of overstating profits, understating expenses, capitalizing expenditures, and improperly reporting debt. Some of these large corporations are also filing for bankruptcy. These practices have led […]
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Know When to Hold Them, Know When to Fold Them…

  • Posted by Marketing Intern
  • On February 12, 2015
Most business owners assume they will go out on top when they are ready. They think they will sell their business at just the right point and cash out like a poker player who walks away from the table after winning a huge pot; rarely is this the case. All too often the business begins […]
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The Day after Katrina…

  • Posted by Marketing Intern
  • On February 12, 2015
The catastrophic impact of Hurricane Katrina on the Gulf Coast raises serious questions about the readiness of small business owners in the event of a natural disaster. The biggest challenge that small business owners face in places such as New Orleans is the arduous task of recreating lost records. So how do you minimize the […]
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The ABCs of CDCs

  • Posted by Marketing Intern
  • On February 12, 2015
When most people hear the acronym CDC they think of the Center for Disease Control. Although this is a critical organization in terms of maintaining the health of our nation, there is another type of organization known as a CDC that can be critical to the health of your small business. Certified Development Companies are […]
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Steps to Effectively Using Financial Ratios

  • Posted by Marketing Intern
  • On February 9, 2015
Business owners are intently interested in how well their business is doing. The most likely way to determine the status of a business is by analyzing the financial data and that means crunching the numbers. How one “crunches” the numbers can lead to completely different conclusions about the performance of a company. The basics of […]
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