Do You Have A Backup Strategy?
September 11, 2010 by Doug Millington
What is Your Backup Strategy? You get to work turn on your computer and nothing happens. Your heartbeat quickens and you double check the computer connections and press the power button again but like the first time nothing happens. Your mind begins to race and you're overwhelmed with the thought that you can't remember the [...]
Click Here to Continue Reading →Employee Theft – What You Need To Know
September 8, 2010 by Doug Millington
Employee Theft Embezzlement Fraud Every year thousands of businesses lose millions of dollars to employee theft, embezzlement and fraud. As reported in the June 2010 Journal of Accountancy the most common loss from employee theft is between $100,000 and $499,999 and the second highest incident rate is over $1 million. Asset misappropriation comprised over 89% [...]
Click Here to Continue Reading →Choosing A Business Model
September 8, 2010 by Doug Millington
First of all what do we mean when we say business model? A business model is a representation of how the company will make money. It is a condensed description of how an organization or company conducts business and how they generate income. Some pointers when selecting a business model: (A) Read and examine [...]
Click Here to Continue Reading →The Bookkeeping Process
September 8, 2010 by Doug Millington
Understanding The Bookkeeping Process The flow of money in a company can be bewildering. Companies make a lot of purchases, pay a lot of expenses, owe money to several entities, acquire sales, pay employees, create estimates, order inventory and collect money from its clients. These transactions must be tracked so that the company would be [...]
Click Here to Continue Reading →Home Based Business – Pros and Cons
August 20, 2010 by Doug Millington
Is A Home Based Business Right For You? The trend of establishing a home based business today cannot simply be underrated. The growth of home based businesses has seen an increase over the past couple of years due in large part to the layoffs that have taken place during the recent economic downturn. Setting it [...]
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Random Quote
“Many firms seem to have the potential for success, yet because of poor financial management, they fail. An accountant is the one member of your professional team who can best help keep your finances in order. In fact, many consider finding a good accountant the most vital ingredient for success.”
by Peter J. Patsula