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The Typical Size of an Accounting DepartmentAny business has only three relevant and critical functions: marketing, sales, and operations. I’m including post-sales customer support in operations. Everything else in the company
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How to Merge QuickBooks GL AccountsAbout This Video I’ve never been a fan of QuickBooks because it’s designed for non-accountants, which means it’s messy from the start of its setup.
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What I Expect From Accounting ManagersI do not especially like writing about accounting on this platform. However, I have to because the accounting department has historically been a partial trainwreck
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The Critical Step of the Month-End Closing ChecklistThe month-end closing process should only take one to three days to complete. Yet, I’m betting that most small business controllers and accounting managers are
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5 Questions to Ask Your Next Accounting CandidateMy first impressions of small business bookkeeping and accounting are negative. In 2001, I seriously considered never doing consulting work again because every small business
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Simple But Critical Accounting ConceptsOne of the most accurate truisms in small business is that the company’s accounting process ranges from terrible to extremely limiting. Lack of understanding and
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How to Price an Accounting ManagerWhen I enter any new client relationship, I find that the accounting is typically a trainwreck. First, we have to fire the CPA firm doing
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3 Simple Accounting Rules for CEOsNearly every founder who becomes a CEO is typically the company’s first accountant and CFO. In some cases, they hold unto that position far too
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eCommerce and COGsBefore working with eCommerce businesses, I worked in mid-sized retail. A question I heard repeatedly was, “Does this belong in COGs?” Incidentally, COGs is short
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Controllership Mistakes In PE FirmsSince starting my consulting practice, my experience with private equity firms has been limited. I’ve been a sounding board to a few, but that does