How to Pick the Right Accounting Software for Firms

Your firm has been growing rapidly over the past few years. You’ve gotten better clients, hired on more people, and the existing platforms you’ve hacked together over the past few years just isn’t enough anymore. You need one place where all of your financial data 

June 10, 2014No 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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How to Pick the Right Accounting Software for Firms

Your firm has been growing rapidly over the past few years. You’ve gotten better clients, hired on more people, and the existing platforms you’ve hacked together over the past few years just isn’t enough anymore. You need one place where all of your financial data 

No Comments

3 Ways to Spring Clean Your Accounting – Part 1

Measure what you want done. It is no surprise that whenever we focus on an aspect of our business, it tends to get better. Accounting needs to be the tool that enables you to do that. Start from your top level business goals for the 

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Using Credit Cards to Finance Your Agency

Credit cards are a necessary evil, especially when used to invest in your business. We all have them, sometimes in multitudes, and use them on a regular basis. But they cause deep trouble in the way of  D E B T at high interest rates 

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Best Advice for 2014: Leave the Trash at the Curb and Clean Up Your P&L

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. Just a few weeks ago, I was chatting with a buddy of mine who runs a $2.3 million business and 

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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. 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 anything. For those of you 

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No Excuses! Own Your Numbers!

Entrepreneurs, by nature, are optimists. Working with hundreds of entrepreneurs throughout my career, I’ve found we (I’ll include myself in this mix) tend to explain our way out of financial statements. “I had to take a hit because of a capital expense.” “I haven’t had 

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Assess the Quality of Your Numbers

Feeling pretty jazzed about his business, a friend of mine, Steve, went to the bank to get a loan to expand his business. During a meeting with the banker, he shared his numbers, pretty certain he was in good shape to get the loan. The 

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