Cash Crop for Business Owners Part Two: Cash Crop For Business Owners What every business owner needs to know to have the best chance of a bumper crop. As a business owner, due diligence comes with your job description. You did your due diligence when you selected the best possible accounting and finance team to partner with […]
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Hiring Tune-Up Growing Your Business Through Smart Hiring: This Five-Step “Hiring Tune-Up” Will Help You Stay One Step Ahead of Your Competition In the words of Stanford economist Paul Romer, “a recession is a terrible thing to waste.” By any standard, the past year has proven itself to be challenging, both personally and professionally. But
Accounts Payable Cash Flow Swing Factors Part Three It’s time for part three of the Cash Flow Swing Factors. By now, you should feel like you’re really in the swing of things. Le topic du jour? Accounts payable. Undeniably less fun than accounts receivable, but an essential part of business nonetheless. Sometimes accounts payable seems
Inventory Management Cash Flow Swing Factors Part Two We’re swinging our way through cash flow swing factors. Now that you have accounts receivable all wrapped up, it’s time to take a look at inventory. Let’s start with a (harsh but true) formula: Inventory = cash. Idle cash Did we just make you a bit twitchy
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Increasing Cash Flow Part Three – Overhead Unless you’ve been living under a rock lately (and by that, we mean not reading our recent mailings), you know that shiny red buttons are out and levers are in. Shiny red buttons are quick fixes and careless risks. Levers require precision — and just a bit of
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How to Avoid Fraud By altering company deposit slips, an employee was able to embezzle $244,000. She prepared two deposit slips: one put funds into the company’s account and the other put funds into her own bank account. This went on for over three years without detection because the employee handled both bookkeeping and deposit
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Increasing Cash Flow Part 2 – Gross Margin At OWL, we’re over the shiny red button. For us, it’s all about the levers. Levers aren’t simply a quick fix; they’re strategic adjustments with long-term potential. There are three levers you can pull to permanently increase the amount of cash in your company: Revenue Gross Margin
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Increasing Cash Flow Part One – Revenue We’ve said it before, and we’ll say it again, “cash is king.” Cash flow enables businesses to weather stormy seas and forge ahead safely and securely, regardless of the economic forecast. There are three levers you can pull to permanently increase the amount of cash in your company:
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Care and Maintenance Cash Crop for Business Owners Part Two What every business owner needs to know to have the best chance of a bumper crop. As a business owner, due diligence comes with your job description. You did your due diligence when you selected the best possible accounting and finance team to partner with
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Planting the Seeds Cash Crop for Business Owners Part One Selecting the right bookkeeper and controller to help your company flourish. As a business owner, you make investments every day, and not all of them are part of a stock portfolio. You invest time and resources in the people, processes, and technologies that will keep
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