We see it all the time.
Bad Accounting.
In the article “The Five Most Common Ways Startups Waste Money” by Henry Kressel and Norman Winarsky in Fast Company magazine, Bad Accounting, unfortunately, made the list.
What is bad accounting? Unfortunately, there is more than one reason and very often multiple reasons Bad Accounting exists in companies ranging from poor transactional work (i.e. bookkeeping) to not understanding what your financial reports ... More about how we can help ››
During this holiday season, business owners often think of business theft as a crime committed by persons external to their businesses. Unfortunately, internal fraud and abuse is estimated to cost businesses 5% of their annual revenues as determined by a study issued by the Association of Certified Fraud Examiners.
Test your Fraud IQ below, provided by an article from Hedman Partners, and maybe it is time to evaluate your financial ... More about how we can help ››
Accountants/Finance professionals and company management are routinely put in the position of providing the “answers” to many of the organizations questions and challenges. It is easy to forget that one of the most productive exercises can be to ... More about how we can help ››
What Are Your Financial Statements Telling You?
Many small businesses often ignore valuable information generated through their own financial statement processes. Their focus is often on invoicing, or paying the bills, how much cash in is the bank ... More about how we can help ››
During this time of year, many companies are busy putting the finishing touches on their year-end financials, closing the first month of operations and re-evaluating their budgets that were ... More about how we can help ››
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Systems, Processes & Accountability
