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.
And like any disease, a toxic employee can subtly spread counterproductive attitudes and actions to other employees. Employees who were productive but lacked the strength to overcome the negative forces become carriers of the disease, and so the toxicity spreads. Over time, the entire company can be infected.
Every aspect of your operation needs to be structured and documented so the results are predictable and the knowledge needed to execute is captured, clear, and transferrable. Systems should be created to provide repeatable results; rinse and repeat is the key.
With the acquisition of Compass Accounting’s food service client base, Pacific Crest Group has substantially broadened its accounting services client portfolio in the San Francisco Bay Area’s restaurant sector.
You want to avoid any appearance of discrimination, so it’s always a good idea to build a case against a problem employee, point out their specific performance issues, and give them a chance to change.
With any small business, cash is king, and keeping ready cash available to cover expenses and payroll can be an ongoing challenge.
The advantage of hiring an interim CFO is you get someone with the experience and expertise to help you get the company organized and poised for success
No matter what kind of business your own, it’s imperative that your bookkeeping not only track transactions in and out, but provide the intelligence you need to understand how your business is doing.