Due to my 16+ years in Business Consulting, I cannot just allow my team to offer bookkeeping services and that's it. Budgeting Services vs Basic Bookkeeping I know all too well, how much budgeting and financial strategy contribute to achieving an entrepreneur's goals. This is why we offer our Financial Strategy service. M any business owners assume that bookkeeping and budgeting are one and the same. However, there are significant differences between what we do with budgetin

"Financial" means relating to money, especially how it is managed, spent, saved, earned, or invested and "strategy" means a plan of action or policy designed to achieve a major or overall goal. I will describe in full detail what this service is and why it is vital to growing a small business. We look at the big picture and work with the owner to create financial strategies. Financial Strategy The service is designed to help you make money, save money and increase profit. We

A while ago I had someone tell me they weren't worried about reconciling their accounts in Quickbooks. My eyes almost popped out of my head! I couldn't comprehend why this person would believe doing this action wasn't vital for tax reporting or managing their business! You should reconcile and know how to reconcile accurately Reconciling simply means comparing what’s on your bank statement to what’s recorded in QuickBooks® (or whatever accounting system you use). It ensures t

When new businesses start up, the owner either doesn't keep up with the bookkeeping due to wearing so many hats or tries to do it themselves to save money. Don't do your own bookkeeping Their skills and abilities are in the service or product they offer and produce. Most of the time, they are in the production and sales areas of the business. They should not be in the treasury area as it's not their expertise. W hat happens is, they either do it erroneously or don't do it at

One big problem we see when we go into assess a business is they're spending too much money and their financial scene isn't in great shape. This can hold the business back from reaching its full potential. What Does Your Full Financial Scene Look Like? Small business owners totally get how important it is to handle money wisely in their business. They know they need to manage money better to up their financial game, but often are overwhelmed due to wearing too many hats and e

As long as I've been consulting businesses, I've observed some key red flags in terms of hiring and how it affects the bottom line of the business. Hiring and Your Bottom Line I've been a business consultant for over 15+ years and one big red flag that I have observed over and over again is... owners cutting into their profit by spending too much on hiring or hiring too many employees due to being disorganized. How does this occur? There are a number of ways. Current employee