Quickbooks (QB) and similar accounting programs allow even those with limited accounting training to track their business’s income and expenses. Preparing financial statements is as simple as clicking on the appropriate report option. Those reports are useful, but...
I have been creating financial projections since before Keurig existed. My standard long term projection model has evolved over that span of time . . . and it continues to do so. It is not the boilerplate, plug-and-play spreadsheet that many clients assume. Without...
KPI is the acronym for “key performance indicator.” Sometimes incorrectly used interchangeably with the term, metric, a KPI measures how businesses, projects, departments, or individuals preform versus established goals. When properly tracked, Key Performance...
Most would not consider the preparation of an annual budget to be an accounting cleanup task. After all, cleanups suggest a state of disorganization while budgets tend to connote organization and planning. Yes and no. The truth is that, without a well-prepared budget,...
Financial statements do not necessarily present an accurate picture of a company’s operations. They are based on accounting principles and tax regulations and may not show a business’s true earning capacity or value. So, as part of an accounting cleanup, WWLC works...
My last few blogs about accounting cleanups have dealt with the more obvious of cleanup tasks, like the reorganizing of the Chart of Accounts, uncluttering of AR/AP, and the reconciliation of critical accounts. With these actions complete you will have a better base...
