BOOKKEEPING AND CFO INDUSTRY NEWS
The Latest Industry News From Our Experienced Financial Team
Hiring Tune-Up
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
An Introduction to Shiny Object Syndrome
An Introduction to Shiny Object Syndrome We will keep this post short. That is for two reasons. We respect yout time, and we know how
Put Good In, Get Good Out
Put Good In, Get Good Out You know the reports you’re supposed to look at each day, each week, each month, each quarter, and each
Who’s Your Boss
Who’s Your Boss Let’s be honest: many of us chose to start our own businesses — or rise to the top — due in no
The Difference Between Cash Flow and Profit
The Difference Between Cash Flow and Profit Peaceful dreamland is an elusive place when you are a business owner. It does not matter whether you
Never Stop Learning
Never Stop Learning A while back, Forbes published a list of traits of highly successful entrepreneurs. One of them caught our eye: curiosity. Curiosity is,
Encourage Candor
Encourage Candor Can your employees be completely honest with you? Most business owners assume the answer is a resounding yes. But are you sure? Unless you’ve actively
Driving Cash Flow Through: Gross Margin!
Driving Cash Flow Through: Gross Margin! There are only two ways to improve your Gross Margin (and thereby increase cash flow): Increase prices and decrease costs. Let’s
Gravity Time
Gravity Time Isaac Newton couldn’t have seen it coming, but gravity time is an increasingly important concept in business. Gravity time is about creating super
Put Good In, Get Good Out
Put Good In, Get Good Out You know the reports you’re supposed to look at each day, each week, each month, each quarter, and each
What Will Your Legacy Be?
What Will Your Legacy Be? Even if you eat, sleep, and breathe your business, it exists separately from you. And you can’t run it forever.
The Midwest Mindset
The Midwest Mindset For everyone who thinks the Midwest is simply a cluster of flyover states, take note: the Midwest mindset could be the secret
Ask Why
Ask Why Do you spend so much time finding out what is happening that you neglect to find out why? Ask Why To Stay On Top Of The
The Five-Year Plan
The Five-Year Plan When someone interviews for a new job, it’s common to be asked about a five-year plan. It’s also something that frequently comes
Time for a Tax Planning Check-in
Time for a Tax Planning Check-in When’s the last time you had an objective, third-party expert review all your processes and tax planning strategies? If
Trust, but Verify
Trust, but Verify We’ve written before about how small businesses are disproportionately vulnerable to fraud. It’s hard for a lot of business owners to believe.
Avoid One-Size-Fits-All Business Solutions
Avoid One-Size-Fits-All Business Solutions No two businesses are exactly alike. Whether your points of differentiation center on brand personality, geography, pricing structure, size, or the
Tips for Using QuickBooks To Manage Personal Finances
Tips for Using QuickBooks To Manage Personal Finances Without question, QuickBooks is one of the best tools for managing your company finances. Companies of all
Top Small Business Accounting Tips in 2022
Top Small Business Accounting Tips in 2022 Small business owners wear several hats– balancing tasks and challenges in the areas of marketing, hiring, customer service,
Helping Small Businesses Achieve their Dreams
Helping Small Businesses Achieve their Dreams Minneapolis based Owl Bookkeeping and CFO Services provides a reliability, consistency, and expertise that has helped hundreds of businesses
Capital Expenditures
Capital Expenditures Necessary Expenses to Keep Your Business Going Capital expenditures (or CapEx if you are being all in the know) are expenses necessary to
When to Get Bookkeeping and CFO Help
When to Get Bookkeeping and CFO Help If you are pulling your hair out and spending much of your time under the desk in the
What to Expect from a Bookkeeper
What to Expect from a Bookkeeper Do you know your bookkeeper’s job description? Do you have a bookkeeper? If your answer to the first question
Sustainable Sales Growth
Sustainable Sales Growth Q: How can your business make more money? A: Increase sales. Simple, right? Not so fast, Speedy. Growing too much, too fast
Driving Cash Flow Through Sales, General & Administrative Expenses
Driving Cash Flow Through Sales, General & Administrative Expenses Sales, General, and Administrative Expenses (SG&A) is a long-winded way of saying “overhead.” We have compiled
Expenses: SG&A vs COGS
Expenses: SG&A vs COGS What Is SG&A? SG&A stands for Selling, General & Administrative Expense. SG&A is reported on a business’s income statement and reflects
Accounts Payable
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
Inventory Management
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
Increasing Cash Flow Part Three – Overhead
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),
How to Avoid Fraud
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 Improve Group
THE IMPROVE GROUP This Saint Paul-based consulting firm uses data to help business leaders make decisions that will better people’s lives. REQUEST A CONSULTATION Challenge
The Complete Guide To SG&A
The Complete Guide To SG&A “SG&A Expense.” Maybe, like many things in accounting, you hear this term thrown around without really knowing what it means.
Harry & Robyn Team
THE HARRY AND ROBYN TEAM “We were fumbling around in the dark, and our ‘process’ — if you could call it that — was to
Increasing Cash Flow Part 2 – Gross Margin
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
Increasing Cash Flow Part One – Revenue
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
Care and Maintenance
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
Planting the Seeds
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,
Clear Financial Pictures
Clear Financial Pictures When you think of your company’s finances, is the image clear? Or is it more like the windshield of your car during
Take Care of Yourself
Take Care of Yourself You met payroll for your staff. You made all the deadlines on your accounts payable. You have enough inventory (but not
Accounts Receivable
Accounts Receivable Cash Flow Swing Factors Part One We’ve spent the last few months talking about cash flow drivers. By now you should be surfing
Can Your Accounting Staff Take You To The Next Level?
Can Your Accounting Staff Take You To The Next Level? When you start a company you’re not thinking about the skills and talents your employees
A Commonsense Approach to Budgets
A Commonsense Approach to Budgets Remember when eggs had such a bad rap because of their cholesterol content that many Americans banned them from their
Harvesting The Bounty
Harvesting The Bounty Cash Crop for Business Owners Part Three Why you should be evaluating the crop and not just eating the produce. You’ve planted
Preventing Business Fraud
Preventing Business Fraud Do you know what is no fun at all? Root canals, parking tickets, being seated exactly eight seconds after the end of
Marketing Budgets and Metrics
Marketing Budgets and Metrics Marketing isn’t usually comfortable speaking about money. But being able to prove monetary worth in a corporation ensures gold will rain
Managing Receivables
Managing Receivables To be successful in business you must be paid in a timely manner. If you’re like most businesses, you sell on credit, asking
How To Find a Bookkeeper or CFO
How To Find a Bookkeeper or CFO Six Steps For Finding a Great Part-Time Bookkeeper or CFO 1) Choose a person who is experienced, professional,
How To Improve Your Hiring Process
How To Improve Your Hiring Process Growing Your Business Through Smart Hiring: This Five-Step “Hiring Tune-Up” Will Help You Stay One Step Ahead of Your
Getting the Best From Your Bank
Getting the Best From Your Bank A strong relationship with an interested bank is an important part of your business. But for many entrepreneurs, banking
Customer Profitability
Customer Profitability Logic would tell you that attracting a large number of customers and providing the highest quality of service is a sound formula for
Surviving The Economy
Surviving The Economy It’s All in the Numbers Blood pressure, weight, good cholesterol counts, bad cholesterol counts – today more than ever many of us
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