Using Ratios to Manage Your Business Profitably.
There are many Key Performance Indicators (KPIs) and Key Financial Ratios (KPIs) available to managers. The key to profitability in...
The Importance of Bank Reconciliations.
The bank reconciliation process provides assurance that a company’s accounting records and balance sheet reflect the proper amount of cash....
Z-Score Bankruptcy Model
This famous and widely used model (or ratio) represents the important work of New York University’s Professor Edward I. Altman....
Cash versus Accrual Accounting. The Difference Could Kill Your Business.
I sometimes receive questions on why Total Office Manager does not allow for cash basis financial reports (like we do...
Financial Reporting Structure for a Contracting Business. Part 1
Accounting is the basis of business decisions. While you may not be an accountant, or even like accounting, you are...
Financial Reporting Structure for a Contracting Business. Part 2
Financial Reporting Structure for a Contracting Business This is part two of three in my series of posts talking about...
Financial Reporting Structure for a Contracting Business. Part 3
Imagine giving a technician a significant raise and being 100% certain you will be able to afford it and that...
The “Stock Basis Schedule” of S-Corporations and Why You Should Care.
Has your accountant ever told you what your Basis Schedule is? Has your accountant ever recommended that you take a...
Keeping Honest People Honest – Kevin Havener, Support Manager
The reality is if you are in business there is a danger of falling victim to a fraudster. This threat...
The Absolute BEST, MUST ASK Interview Question
Here is a must-ask question for any job interview: What was the last bad thing that happened in your life...