Blog & Articles

What Do Banks Look for in Your Financial Statements? Your Lender Isn't Just Looking at Profit Many business owners assume that if their company is profitable, obtaining financing should be straightforward. In reality, lenders evaluate

Bookkeeper vs. Accountant vs. Controller vs. CFO: What's the Difference? Understanding These Roles Can Help You Build a Stronger Business Many business owners use the terms bookkeeper, accountant, controller, and CFO interchangeably. Although these professionals

Why Does My CPA Make Journal Entries Every Year? Year-End Adjustments Are Normal. Repeating the Same Ones Every Year May Not Be. Many business owners notice that every tax season their CPA prepares a list

Why Are There Negative Numbers on My Balance Sheet? Some Negative Balances Are Normal. Others Are Serious Warning Signs. Business owners are often surprised when they review a Balance Sheet and discover negative numbers. A

How Much Does It Cost to Fix Bad Bookkeeping? The Real Cost Depends on the Condition of the Accounting—Not Just the Number of Transactions One of the first questions prospective clients ask is: "How much

The Previous Bookkeeper Made Mistakes. Now What? Focus on Fixing the Accounting—Not Assigning Blame One of the most common conversations we have with new clients begins like this: "Our previous bookkeeper messed everything up." Sometimes

How Long Does It Take to Fix Bad Bookkeeping? The Honest Answer Is: It Depends on the Condition of the Accounting—Not Just the Number of Years One of the first questions prospective clients ask us

Why Doesn't My Balance Sheet Balance? If Your Balance Sheet Doesn't Balance, Something Significant Has Usually Happened Business owners frequently tell us: "My Balance Sheet doesn't balance." Sometimes that's literally true. Other times, what they

How to Read a Balance Sheet (Without Being an Accountant) The Financial Report That Tells You What Your Business Actually Owns, Owes, and Is Worth Ask most business owners which financial report they review first

Can QuickBooks Be Fixed Without Starting Over? In Many Cases, Yes—And Starting Over May Actually Create Bigger Problems One of the first questions business owners ask after discovering accounting problems is: "Should we just start

My CPA Says My Books Are Wrong. What Should I Do? Don't Panic—But Don't Ignore It Either. Hearing your CPA say, "Your books are wrong," can be frustrating. Many business owners immediately assume someone made

Why Your Profit & Loss Statement Doesn't Tell the Whole Story One Financial Report Cannot Explain the Entire Financial Health of Your Business Ask most business owners which financial report they review most often, and

Should I Trust My Bookkeeper's Financial Statements? Good Bookkeepers Are Essential—But Every Accounting System Benefits From Independent Review One of the most common questions business owners quietly ask is: "How do I know my bookkeeper

10 Warning Signs Your Accounting Needs Professional Review Small Accounting Problems Rarely Stay Small Accounting problems rarely appear overnight. More often, they develop gradually as businesses grow, employees change, accounting software evolves, and financial processes

What Is a Month-End Close? Why Every Growing Business Needs One The Difference Between Having Accounting Records and Having Reliable Financial Statements Many small businesses believe that once the bookkeeping is finished for the month,