Useful articles

So, What is a Profit and Loss Statement? The Profit and Loss Statement (P&L), also known as the Income Statement, is an important financial tool. It summarizes your company’s revenues (net sales) minus costs and expenses (i.e., Cost of Goods) incurred during a specific operating period. The statement is usually done quarterly or annually.

Why Small Businesses Should be Using Big Data Big businesses aren’t the only ones who can make data-driven decisions using big data these days. Small businesses can reap the benefits, too. Analyzing all the online and offline information that you can helps to grow your business.

Millennials Want to be Coached A recent article out of Harvard Business Review reveals what millennials want at work – millennials want to be coached. SuccessFactors, a cloud-based business execution software company, conducted a study in 2014 in partnership with Oxford Economics that found 1,400 millennials want to be coached and want more feedback from their […]

Why You Should Want to Become a Better Leader Want to become a better leader? Wherever you live, there are most likely a handful of organizations that offer leadership development classes. It’s a trend that has become the norm as the modern workplace continues to change and companies try out different approaches to increase productivity, […]

Start Championing Financial Analytics Using financial analytics was once seen as a fad. Now, using financial analytics has proven to be effective in many aspects of a business. It is used in many areas including forecasting financial performance, pricing products and services, identifying new markets, improving margins, strengthening operations and assessing and monitoring risks.

Stay Up-to-Date on Tax Fraud This year, the Internal Revenue Service (IRS) identified 12 tax scams ranging from phone scams, to identity theft, to falsifying income for tax credits. As an accountant, it’s imperative to stay up to date on tax scams to educate others and so that you can warn your clients in case they decide not […]

Why You Should Replace Excel with a Dedicated Budgeting, Planning and Forecasting Solution Many businesses are making the switch from Microsoft Excel to a dedicated budget, planning and forecasting (BP&F) software program. BP&F is a three-step process for determining a company’s short- and long-term financial goals.

Be the Brand & Be Client-Focused Differentiate and stand out from the crowd. Show your clients that you bring more value to the table than just number crunching. You can be a valued advisor by turning your relationship with your client from serving to partnering for success. Combine this new thought process with the right marketing tactics […]

Social Media Increases Product Sales & Brand Awareness The beautiful thing about using social media for your business is that it’s less expensive than traditional advertising avenues like billboards, radio spots or print magazine ads. And, there’s a way to track impressions and the click-throughs rates to your website, which allows you to understand how […]