Knowing which numbers are most important to your business, the financial ratios applicable and beneficial to your business, and how to interpret that data to make well-timed and impactful decisions is vital to your success. In this blog we detail 10 of the most important financial metrics and how to leverage them.
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10 Tips for Budgeting & How QuickBooks Online Can Help You
While there are still likely to be uncertainties next year, better days are ahead! And in the meantime, you can start proactively planning for 2021 by creating a budget. Your budget will increase your awareness of all of your projected income and expenses, which may make it less likely that you’ll find yourself constantly running short on funds. Here are 10 tips for budgeting so you can make your process more effective and realistic.
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4 Month-End Procedures Used to Gain Consistency in Year-End Reporting
As your year-end reporting is being finalized, you may be asking yourself, “what can I do in 2020 to streamline my financial reporting process?” This is a common question we hear at Cray Kaiser and one worth spending a few minutes discussing.
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How To Conceptualize Financial Results as a Small Business Owner
Successful entrepreneurs need drive, passion, the will to follow things through, and the hustler’s spirit that enables you to constantly try that new thing or relentlessly chase that next big opportunity. Not all entrepreneurs are numbers people, and that’s okay, because there are plenty of numbers people out there willing to offer support.
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Revolutionizing Your Accounting Processes with Automation & Applications
As a small business owner, you wear several hats ranging from accounting, marketing, and hiring. Accounting may not be your passion but keeping your books up to date and organized is crucial to your success. Meaningful financial statements can be a click away through applications and the automation of your accounting tasks. In this blog we’re providing an overview of a few ways to free up your time so you can spend it on other aspects of your business.
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5 Ways to Organize Your Accounting Operations in 2020
Although the December activity of “making a list and checking it twice” is over, checklists are always a good idea to help you get organized. If one of your New Year’s resolutions is to get your business finances more organized, we recommend using this checklist to help you get started.
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A Digital World, A Digital Firm: Three Characteristics of a Forward-Thinking Accounting Firm
The digital world is not only here, but it’s continuing to evolve and impact all aspects of our lives – accounting included. Last month the CK team took a trip to Silicon Valley for the QuickBooks Connect conference and we were reminded just how much technology has impacted the way in which we serve our clients. Technology has changed the way accounting departments are structured, how they communicate and the actual production of financial reporting.
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Case Study: How Accounting Services Can Benefit Nonprofit Organizations
Our firm has been a significant resource to nonprofits when they’ve faced an unplanned crisis. When staff responsibilities are stretched thin, it’s vital that financial operations remain uninterrupted. But that’s not always the case, especially when the single team member responsible for accounting activities is unavailable.
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Profit Center Reporting: A Hidden Gem
Profit center reporting is a tool that management can use to review operational profit and loss results for a department, branch, product line, location or activity. It will also provide more meaning to overall profit and loss statements as it allows you to dissect the operational results into meaningful data that can be used in strategic planning.
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How to Combat Common Payroll Fraud Schemes
According to the Association of Certified Fraud Examiners, nearly 30% of businesses are victims of payroll misconduct, with small businesses twice as likely to be affected than large businesses. Here are four payroll fraud schemes that every business should be aware of.
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