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Many owners think that having two signatures required on a check prevents theft. It doesn’t if one of those signatures can be a signature stamp. In … Read more
“I Never Thought This Would Happen to Me – I can trust my bookkeeper” I got an email from a contractor who had taken my … Read more
The top line is important, but the bottom line is more important. Many small business owners brag about revenue growth but almost no one brags … Read more
When starting a long project, call the accounts payable department at the company you are doing the work for. Introduce yourself and explain that you … Read more
Profits are not cash. Profits are turned into cash when you receive payment. Just because you have money in the bank doesn’t mean that you … Read more
Last post I discussed why gross margins don’t matter. The only thing that is important is that they are consistent. Here are seven places to … Read more
An increasing current ratio because of a cash infusion (think PPP loans) inflates your current ratio. It is not increasing because your company is becoming … Read more
“We didn’t get our financials for three months and now we’re in a cashflow crunch.” Current Ratio is a measure of liquidity, i.e. how easily … Read more
“The minimum gross margin for commission is 40%. We pay a commission on any project with a 40% or higher gross margin.” The is the rule … Read more
An interesting conversation with my plumber. I had some plumbing work that needed to be done at my house. My long-time plumber left the company and … Read more
