What Can You Expect from Your Bookkeeper?

A friend running an agency reached out to me and was beating herself up for missing a 40% spend increase in one of her department. Like many agencies, she had an one-person bookkeeping team who she relied on to keep her books, pay the bills, 

May 16, 2016No Comments

What Makes a Good Dashboard #MoneyTalk EP01

Do you have a business dashboard set up for your business? What are some tips that worked out for you when building a functional dashboard? In Money Talk – episode 1, our founder, W.Michael.Hsu shared what features a good dashboard should have. And how can you use 

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A Simple Step-by-Step Guide to Set Up Your First Financial Dashboard

KPI and dashboards had been the latest craze in the business world and the flood of resources (and noise) had made it hard to know where to even begin. So here is a step by step breakdown to set up your business dashboard. Before you 

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What’s The Difference Between A Bookkeeper And An Accountant?

There are many terms for similar professions that tend to be used interchangeably by mistake. A few that come to mind—psychologist and psychiatrist, paramedic and EMT, nurse practitioner and physician’s assistant, also architect and contractor. For people who work in these industries, the differences are apparent, 

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9 Metrics to Jump Start a Metrics-Driven Agency

My buddy who owns a digital agency wanted to jump start a metrics-driven culture but wasn’t sure where to start. We sat down over some good Scotch and cigars to chat about it. Here are the 9 metrics that I’ve suggested as an easy place to 

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Input Metrics vs. Output Metrics

There are two types of metrics, input metrics (behaviors) and output metrics (results.) By understanding their differences and being able to identify them in our day to day activity, we can significantly increase our effectiveness in achieving our goals. Output Metrics (Results) Goals. Most of 

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How a CEO Grew his Revenue 45000% by Digging Deep into his Key Metrics

Three years ago my buddy with an already successful company wanted to start a new e-commerce business. He shared the thought in our CEO group but it wasn’t well received. After all, at $400 in monthly revenue, the new idea appeared to be little more 

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What Can You Expect from Your Bookkeeper?

A friend running an agency reached out to me and was beating herself up for missing a 40% spend increase in one of her department. Like many agencies, she had an one-person bookkeeping team who she relied on to keep her books, pay the bills, 

No Comments

Why One Person Accounting Team Never Works in Agency

When an agency gets past $1 million in revenue, it gets harder for agency owners to ignore some of the back office operations that are starting to come apart. The agency’s accounting bookkeeping operations is among the first to go and probably the least favorite 

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Soccer Metrics & Why USA Advanced

Like many of my fellow Los Angelinos, I am a fan of futbol soccer every 4 years when my world (both real and Facebook) is drowned in chants of “I believe that we will win! I believe that we will win!” So you can imagine 

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3 Ways to Spring Clean Your Accounting – Purge Your Chart of Accounts (Part 2)

Purge Your Chart of Accounts. Think of your chart of accounts as the backbone of your entire accounting infrastructure. If your millions of financial transactions are like printed photos, your chart of accounts are the photo albums that keep things organized. 90% of the chart 

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