Equity Sharing 101 – Equity vs Profit Sharing
Who Gets a Piece of the Pie? In our previous article, we discussed various aspects of profit sharing as well two different strategies that are
Who Gets a Piece of the Pie? In our previous article, we discussed various aspects of profit sharing as well two different strategies that are
Cultivating Creativity and Motivation in Your Business by Thinking Outside the Box It would be very easy to assume in today’s economy that your options
Learn About Accounting Staff Qualifications Just as with any role in your company, you always want to make sure you are hiring qualified people to
The purpose of closing the books is to make sure that all the financial information about your business is accurate and entered properly.
The communications contract is a system that offers a set of concrete steps that inspire people to accept responsibility, so they can be held accountable in order to succeed at their jobs, and that makes them feel part of something bigger.
Check writing is one of the easiest to manage, and one of the most critical since it often has the greatest room for error and, potentially, fraud. We recommend that our clients keep close control over their check books with strict rules and protocols about payables and receivables.
Making working relationships work is largely a matter of getting the parties involved to feel empowered and respected, and working toward a common goal.
Starting out with a common set of protocols makes the accounting process efficient and manageable for all concerned.
A well-defined set of policies and procedures provide the roadmap your employees need to be independent and effective, so they understand their role in the organization and senior management doesn’t have to closely watch every process.
This blog entry will review the nine steps we use to actually design business systems for our clients. These steps were originally created by e-Myth, but we use a similar strategy, or system, when advising our clients:
Only 50 percent of employees hired are considered “good” hires, and every top performer has the same productivity of three average employees. These figures dramatize how important it is to make the right hiring decision.
Understanding the types and hierarchy of the line items in your chart of accounts will make it easier to maintain clean books, and use your accounting software properly. The chart of accounts categories fall under a few basic groups: income and expense, assets, liabilities and equity accounts.