“Well, how ya’ doin’ John?” The jingle of the bell above your general store’s front door alerted you that the town’s most hardworking and successful farmer just walked in to buy this week’s necessities for his household. “I’ll take a pound of flour, 2 cans of beans, a canister of coffee, and 3 candlesticks. Just…
“Put on your parachute – we’re going down! In one month, we’re out of cash runway…and out of business” This is not what the owner of Sunshine and Rainbows Airline, Captain Grey, wanted to hear from his accountant at the beginning of their monthly financial meeting. Things had been going so well for years, but…
Rollin’ in the Dough Bakery has been in business for 5 years. They’ve won local awards for their cake creations, which are both delicious and showstopping works of art. Unfortunately, the bakery’s owner finds herself riddled with anxiety at the end of each month when it comes time to cut the checks for employees. Will…
Jolly Juggles the Clown and his circus team are booked for children’s parties, community festivals, and family events every weekend for the next 6 months. His community can’t get enough of their comedic, 10-clowns-in-a-tiny-car act during the grand finale of their performances. There is only one problem… they are turning customers away because they simply…
“Year’s end is neither an end nor a beginning but a going on, with all the wisdom that experience can install in us.” – Hal Borland As we wrap up 2023, what wisdom can you take into the new year to help you reach your business goals? What experiences did you gain that could increase…
Stadium files. Accordion organizers. Color Coded Hanging Folders. Rolodex. Red Stapler. (“Excuse me, I believe you have my stapler…” – can you name the movie??) Am I describing a scene from an early 1990s office sitcom, or your accounting office? In early 2020, many small to medium sized business accounting offices were still using paper…
When I was in college, my meal budget was $1 per meal. One whole dollar. (And before you ask, no, a burger from the McDonald’s dollar menu was not my go-to meal!) My parents were generous in helping me financially get through college, and one of the ways that I showed my gratitude was by…
After the successful cloning of dinosaurs through genetic engineering, you are ready to sell your company, International Genetic Technologies, Inc., and make a profit. Unfortunately, after looking at the financial books, buyers aren’t willing to pay what you had hoped. While you are disappointed to lower the selling price of your company, you agree to…
You are captain of a cruise ship, sailing on smooth waters that reflect the starry night sky on its mirror-like surface. To make it to your destination on time, the ship is sailing full steam ahead and you’re confident that you will make it to port on time. Everything is smooth sailing until you suddenly…
It’s time for your quarterly meeting with your accounting team – your contracted bookkeeper and your accountant. While you are getting settled at the meeting room table, you overhear the two of them talking… “Hey, Jerry. Did you reconcile the A/P aging to the G/L?” “No, I haven’t gotten around to it yet because I…