Magazine

Small business are powerful, but sometimes they are met with roadblocks only their accountant can meet. When an accountant’s expertise, speed, and experience are needed by a client, they will do will do whatever it takes to provide it. Here’s a story of one accountant who enlisted her team to meet a rapidly approaching deadline after work hours.

Today is Catch-Up Day. These are days where the high tide of work accountants usually face is out, leaving them with time to clean up the beach and finish projects they are usually too busy to take care of. Accountants use this time to file paperwork, catch up on their to-do lists, research, and regroup with their team without the threat of a looming deadline.

By using one specific email address for all of your accounting documents, you can streamline the accounting process for your financial professionals and minimize the risk of losing documents if you lose access to an email inbox. Here is a recipe to create an inbox for accounting, including easy to follow directions, tips, and ingredients. Bon Appetit!

You heard the word “intercompany” in an accounting drama on TV. What the actor said it means is “a relationship between separate legal entities that belong to the same corporate enterprise, like a parent company and it’s subsidiaries that makes transactions between them very complex.” Here’s what it really means when they say, “intercompany.”

It takes a community of great minds coming together to solve great problems. When the Small Business Association released new loans under the CARES act, a community of financial professionals, bankers, and their clients had to come together with their own ideas and perspectives to solve the issue of the Paycheck Protection Program: what to submit.

Today is Go See the Client Day. Sometimes, for convenience, an accountant leaves their office to meet a client. Sometimes it’s in their places of business—a plant shop that looks more like a jungle, a retail store’s back room full of boxes, or even a restaurant floor in the middle of the lunch rush. Sometimes it’s somewhere between the accountant’s office and the client’s place of business—a coffee shop, a park bench, or anywhere with a table and chairs (and preferably Internet access). Either way, Go See the Client Day is an adventure. Not only does the accountant get to see their client face to face, they also get to spend some time out of the office, maybe even grabbing a coffee along the way.

By taking out an appropriate and consistent owner’s draw, you will make it easier on your accountant to manage your financials and prepare for your taxes. Being consistent helps make it easier to budget and calculate how much money your business has. Here is a recipe for taking out an owner’s draw that will keep your accountant happy. Bon Appetit!

You overheard an accountant say she’s a “financial controller.” She said that means she manages all finance and accounting operations of a business, from coordinating and directing the preparation of the budget to forecasting to reporting variances to prepping monthly financial statements. Here’s what accountants really mean by “financial controller.”

Some client meetings are simple, and some are analytical deep dives into the operations of a business. During these meetings, key decision makers and their accountants review trends, productivity, and results of their business’ operations. One accountant knew her deep dive with a client was going to take so long that she pre-ordered lunch for everyone.

Instead of a day packed to the brim with number problem solving, analytical deep dives, and model building, the accountants have an easy-going day. This Friday is spent catching up with work and each other, networking with partners, and taking a breather from the hustle and bustle of a busy consulting firm. Here is one accountant’s Fun Team Friday.