If you own, operate or advise a privately owned company or nonprofit that leases equipment such as copiers, computers, factory machinery, vehicles, etc., the not-so-fun time is about to begin. The twice delayed start of the new accounting standards for leased assets –...
Dave Berkus, a seasoned angel investor, entrepreneur, author and board member, posted a solid article for young companies whose management team may think of their CFO as their internal accountant instead of a partner of the CEO in developing and refining strategy for...
Will your employees steal from you? Did your former employees steal from you? How will you know? Certainly you’ll know if a desk or computer or truck goes missing. And if the company bank account comes up short, you’ll know that pretty quickly too. But some of your...
Most business owners think of Working Capital as the amount of cash they have in the bank. But virtually all financial analysts, advisors and lenders define it as the difference between Current Assets and Current Liabilities. One sounds simple and easy to understand,...
Call it leverage. Call it borrowing. Call it debt. All ways of saying that you got a loan to help your business grow (or, in 2020, to survive). This is not the free debt you get from delaying paying your bills, this is: go to the bank, ask for money, agree to pay...
I have thought often about the need to say something about cost accounting because of its importance in creating a profitable business, but I knew the mention of the term would put even most accountants to sleep. So rather than talk about cost accounting, a few words...
