You’ve got a solid business that sells on credit and makes a nice profit doing it. That assumes, of course, that you get paid substantially all of your accounts receivable, even when some of your customers may want to use that money elsewhere, and others would prefer not to pay you at all. How do […]

In the job of managing a company, the CEO/business owner has many tools available to help decide when a department is functioning effectively or not. Some are easier to use than others. Managing the sales department may be among the easiest, because you have sales numbers to use, sales vs. quota, sales vs. prior period, […]

As automation continues to advance, many wonder what the implications for the professional services sector are. Will robots eventually replace human workers? While it is true that machines can often be faster and more accurate than humans on mundane tasks, instead of completely eliminating job opportunities, this may present an opportunity for people to engage […]

Most business owners think of Working Capital as the amount of cash they have in the bank. But CPAs. financial analysts, advisors, and bankers define it as the difference between current assets and current liabilities. One sounds simple and easy to understand, the other a bit esoteric. Why do they make it so complicated? The […]

For accountants and other financial professionals, continuing education plays a critical role in staying relevant in today’s business landscape. Not all continuing professional education (CPE) is of equal value to every person, however. For almost all professionals, choosing a personalized CPE plan, rather than simply using a generic one, will be the most effective and […]

CPAs are entrusted with crucial financial obligations and are required to maintain proficiency in accounting, taxes, auditing, and other associated fields. CPAs must meet Continuing Professional Education (CPE) requirements in order to maintain the highest professional standards. Those requirements guarantee that CPAs are up to date on industry developments, laws, and innovations in their particular […]

As we step into 2024, many professionals will take the beginning of a new calendar year as an opportunity to evaluate what is working well in their business and what needs to be changed or improved in the new year. While this evaluation process often includes taking a close look at business strategies, marketing expenses, […]

This article is about risk management for a small-to-medium-sized business. The risks to be managed include inaccurate accounting reports, preventing leaked information about your customer lists, or thefts of the company’s cash, inventories, personal property, intellectual property, and proprietary information. Big companies have internal audit departments to test their accounting and protect their valuable assets. […]

In the past few years there has been an abundance of new types of subscription services available to consumers.  The concept of subscription services is not new…service contracts and leases are common recurring revenue streams that have existed for a long time; however, there has been a proliferation of monthly subscriptions for both necessary and […]

In the fast-paced landscape of modern business, the need for continuous learning and adaptation has become paramount. With technology evolving rapidly and market dynamics constantly shifting, businesses must prioritize learning as a strategic imperative to remain competitive and innovative. In this context, the emergence of the Chief Learning Officer (CLO) role has garnered attention and […]