If you own, operate or advise a privately owned company 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 – officially...
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,...
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...
So, maybe you saw my post from January 14 – “Business Planning is Crap” – and you believed it, perhaps without reading beyond the title. No budget, no financial plan and you like it that way. One day at a time. We actually have a couple of clients like that. And most...
