3 Steps to Organizing Your Chart of Accounts

If you don’t have good bones, everything collapses. Huh? I’m talking about your chart of accounts. What is chart of accounts The chart of accounts is the skeleton of your agency and can provide either very meaningful numbers or numbers that really don’t tell you 

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3 Steps to Clean up Your Profit and Loss Statement

It takes me about 30 seconds to judge the quality of accounting work being done by a company by looking at their latest financial reports. What you should know about profit and loss statement Just a few weeks ago, I was chatting with a buddy 

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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 to Expect from A Small Business Bookkeeper

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

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How to 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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5 Steps to Spring Clean Your Accounting – Purge Your Chart of Accounts (Part 2)

Post Contents1 Purge Your Chart of Accounts.2 5 steps to purge your chart of accounts2.1 Prepare your profit & loss statement2.2 Look across the entire sheet2.3 Take a closer look at the column2.4 Remove 2 level deep chart of accounts2.5 Print out and know your 

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How To Do Financial Forecasting For Start-Ups

All startup owners and managers need to know their profitability. At the basic level, they want to run a successful business that can last for years. In addition, potential investors are more interested in helping you expand if you can prove that you can earn 

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Financial Forecasting For Marketing And Advertising Agencies

When you run a marketing or advertising agency, you provide valuable services to clients. Marketing allows you to determine which specific products and services deliver value to consumers, while advertising focuses on refining the message in various media. Thus, you want to remain profitable so 

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Financial Forecasting for Agencies and Service-Based Businesses

Every business plan requires financial forecasting. You need to show that you have an awareness of the industry in which you are providing services, from advertising to entertainment to holistic medicine. That means knowing how to calculate the profits and losses that can keep you 

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CFO Services For Startups

Startups are remarkable. One company can disrupt an entire market with just a single service released into the world.  Consider that social media channels, for the most part, started with a small group of people. Or also consider how the keto diet is taking off 

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