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

Daily Habits of a Successful Entrepreneur: Focus

I want to rename the term entrepreneur to juggler because each and every entrepreneurial client I work with is a master juggler, able to toss 5, maybe even 7 balls and rotate them through the air, touching each briefly and trying not to let any 

No Comments

Make 2014 Your Best Year Yet: Understand Your Numbers

If you are a regular reader of the DeepSky blog, then you know I’m very passionate about helping entrepreneurs get a better handle on their accounting by understanding how their numbers drive outcome and help meet their goals. However, most entrepreneurs tell me they just 

No Comments

Be Strategic About When You Pay Bills

One of the biggest issues on anyone’s profitability is cash outflow. What is cash outflow? It is a fancy way of saying the money paid out by your organization. When I ask most of our client’s bookkeepers pay their bills, they say:  “When we do 

No Comments

A 2-Minute Solution to More Productive Invoicing

A few years ago, I started experimenting with invoicing for my business to see if my invoices themselves influenced how quickly my clients paid. What I found was astounding. By reviewing the thousands of invoices that our teams had cut over the years, we’ve discovered 

No Comments

Finding the Accounting Firm That Fits Your Entrepreneurial Needs

During my career, I’ve seen clients come and go for a variety of reasons. Some went out of business. Some decided to move to Alaska. Some decided to move on to another accounting firm because we either didn’t offer the services they needed or we 

No Comments

What Entrepreneurs Should Look for in an Accounting Firm

I was working at my “other” office the other day – my local coffeehouse, and noticed a meeting going on at the table next to me. From the conversation I overheard, it was obviously a discussion between an accountant and an entrepreneur. From the body 

No Comments

Steve’s Saga Continues: Turning Numbers Into Insights

When we last visited with Steve, he was invoice rich, but cash poor. Having resolved that matter, he called again the other night. “Man, I just can’t make sense of all these numbers. I’ve been trying to look at my bottom line again, income versus 

No Comments

3 Things You Can Do Today to Greatly Reduce Theft in Your Business

Last week, we talked about the 3.5 Creative Accounting (Fraud) in Creative Agencies and got a ton of interest from our readers wanting to learn more about it. So, today I want to address 3 quick wins that you can do today to greatly reduce the 

No Comments

3 1/2 Creative Accounting (Fraud) in Creative Agencies

As much as we don’t like to believe it, fraud and theft in business are not reserved for publicly traded big corporations. In fact, fraud often hits close to home, among small businesses and under the nose of the most hard working entrepreneurs. Here are 

No Comments

The Accounting Manager Revolving Door

Smart entrepreneurs and business owners are great at thinking of bright ideas, but they don’t pay close enough attention to what I call the “revolving door” – you know – when you hire staff who leave the business for what they perceive as bigger and 

No Comments