How to Manager Your Finances When Your Self-Employed

T-Sheets by Quickbooks
September 13, 2018

There are a lot of great things about being self-employed. You get to set your own hours, you’re in charge of your own future, and you can even wear sweatpants to work if you feel like it. But there are a few aspects of self-employment that aren’t so wonderful. For one, lying awake at night worrying about…. 

Link: Why Every Small Business Needs an Accountant

AllBusiness.com
October 2018

Is your business missing out on essential accounting resources that could help it grow? Money—it’s how you measure success in business. It’s also how you pay the bills, pay your employees, and keep your business running. Unfortunately, many small business owners are selling themselves short by operating without essential accounting resources, according to a survey by Clutch.

Link: Take Your Bookkeeping to the Next Level

Excelsior Growth Fund
March 30, 2018

Once your business is up-and-running and you’ve mastered basic bookkeeping concepts, you’re ready to take your understanding to the next level. Our Business Advisory Services team has compiled a few bookkeeping practices that will support your growing business. With these tips, you’ll be ready to:

  1. Leverage technology to integrate and automate bookkeeping processes and systems to save time and money
  2. Gain a better understanding of the balance sheet and how it impacts cash flow
  3. Make better business decisions based on accurate and timely financial statements

Work with your accountant to implement these practices and start moving your business toward even greater financial success.

The Radical CPA: New Rules for the Future-Ready Firm (East Hampton, NY: CPA Trendlines, 2014)

There are four characteristics of a “radical” CPA:
— 1. Their approach to technology.
— 2. Their use of social media.
— 3. Their understanding the relationship between pricing and value.
— 4. And their conviction that customer experience must drive a firm’s internal processes.

They Call Them The ‘Radical’ Practitioners

There’s an uprising of innovative CPAs in the accounting profession. This group created a new support community that is no longer driven by the establishment. The establishment can’t control the conversation.

In fact, they almost missed it. Now they endorse and support us. But it didn’t begin with them.

When Jody Padar first started doing this, she wasn’t aware of anyone doing what she was doing. Then she went to Twitter. That’s where she really met her peers. They were learning from each other from day one and that same community of support is still happening today.

A “radical” practitioner is a person that calls upon himself and others to redefine their firms and their lives by moving away from the traditional firm business model.

The term radical applies because what they are doing to their firms and indirectly to the profession is fundamental to its core. It’s abrupt, disruptive, unexpected, and far reaching. They are shaking up the status quo. They are changing because their customers and the world are changing around us all. Some might also perceive radical to be a negative term. It’s not. The movement is more likely following the happy expression, “that’s radical, dude.” Everyone can learn and join the movement.

The Radical CPA Community Is Here To Help You Be Radical, Too

The best part about these radical professionals is that we believe in abundance. We promote and celebrate a new way of doing business and encourage the rest of the profession to move forward and change as a whole.

Cash Flow Management

Best Practices for Small Business

Cash flow is the lifeblood of enterprise, and effective cash flow management is essential to the survival of businesses, big and small.  For small (and young) businesses, in particular,  the importance of cash flow is amplified by there finite resources and limited access to capital.  As such, small business founders are frequently forced to finance a […]

Link: CPA Growth Guides Blog

CPA Growth Guides website

CPA Growth Guides was founded in 2015 by Katie Tolin, an award-winning and nationally recognized accounting marketer with nearly 20 years of experience of professional service marketing with local, regional, super regional and national firms. Building upon her in-the-trenches experience, CPA Growth Guides helps firm leaders map out a Growth & Profitability Strategy (GPS), implement as needed and troubleshoot roadblocks, detours or delays encountered along the way.

CPA Growth Guides shows accounting firms how to achieve profitable growth. Whether you’re looking for a little guidance to point you in the right direction or for someone to walk the path with you, we focus on leading firms to growth and profitability.

Best Practices for Small Business Finance

Small business finance is a term used to describe the broad range of activities related to managing money of a business.  Business owners (sometimes hereinafter referred to as “Owners“) should have at least a basic understanding of these concepts, as they are vitally important to the success (or failure) of a small business.  After all, cash is the most valuable resource of a small […]