Most financial statement readers look only at their monthly or annual reports, and most monthly or annual reports present their period data compared against the immediately prior period, or against the same period a year ago. The more enlightening reports compare...
Many of our clients over the years have been manufacturers, makers of the products they sell – cosmetics, automobile parts, aerospace components, etc. Some of those manufacturers, notably in the aerospace field, make products to meet the design specs of their...
A former client has had to make a change in the head accountant position at their company, and the new accountant asked: “Why are you keeping your books on the accrual basis, when you file tax returns on the cash basis?” I was asked for my opinion. Without commenting...
For young entrepreneurs who launched their companies in the past 5-10 years, grew them through intense energy and hard work, and then rode them out through a punishing pandemic, more than a few of them will be saying today “I don’t ever want to go through that again!...
One of the things that small businesses – and often mid-sized ones too – don’t do well is bookkeeping, the source of all their financial reports. When money to (1) expand the sales and marketing team, or (2) add new products, or (3) pay bonuses to the owners, have to...
