A former client has had to make a change in the accounting manager position at their company, and they hired a new manager before we began working together. We learned that the new accounting manager asked: “Why are you keeping your books on the accrual basis, when...
To our clients, friends and associates who are the CEO/owner/operator of your business – this post is for you. It’s my annual “No, you don’t have to, but you really should.” So, we’re now in the 4th quarter of 2023. The year is almost over. Well, sort of. Only the...
This is a question that often comes up as we get referred to CEOs who need help but aren’t quite sure if a non-employee relationship is a good idea, especially in the sensitive area of finance. When our firm was founded over 35 years ago, that was a huge...
We have a long-term client that manufactures precision machined products for their customers. One of those customers contributes over 80% of the company’s annual revenues, a situation that has been in place for years. We call that “concentration,” a condition that is...
Every well-run company that is considering making an investment in new equipment, a new facility, upgraded technology, or a new product or development project, considers at some level what return it will earn on that investment. Accountants and analysts will often...
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...
