Business Financial Reconciliation

Reconciling your business account is arguably one of the most important elements of ensuring you have a clean set of financials.  The process of reconciliation involves the comparison of what’s on your business books to what’s reporte

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Annual Budget Planning Process

Now is the best time of the year to comprehensively plan out your annual budget for the upcoming year! A solid budget forecast that accounts for projected sales and all potential expenses is a powerful tool in helping to create profitability for your

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Budgeting to Create Business Profitability

In order to set your business up for success in the New Year, you’ll need a very solid budget. Forecasting your income and expenses on a monthly basis, for the entire year, is the first step toward strong financial performance. After giving con

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Key Member of Your Team

Accountants and bookkeepers can be valuable contributors to the success of your business. Never-the-less, your accountant is only as effective as the data and information you provide to them.  In fact, the timeliness with which you deliver data i

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Building a Team of Business Advisors

Setting up and running a small business requires sound business acumen and is often made easier when business leaders surrounds themselves with a cadre of business advisors.  Business owners often enter business in arenas that they either like or

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Sustainability – A Growth Engine Model

Developing healthy processes and procedures are integral to the longevity of any small business.  Small businesses that record and hone their practices are better positioned for growth, and have the capability to routinely attract new customers.

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Opportunity Cost - Reengaging Inactive Families

Opportunity cost is the chance that your child care center will derive income should a child attend the center during the course of a week.  Lost opportunity cost is the event the center forgoes income due to a child not attending the center

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Child Care Providers - Trimming to Grow

Many childcare providers wrestle with the all dreaded payroll tax syndrome.  Not staying on top of these taxes have caused many providers to close their doors and put up an 'out of business' sign.  Don’t let this happen to your

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Enrollment Growth Versus Cost Cutting for Child Care Providers

Paying attention to enrollment figures is one of the most critical elements of the budgeting process for child care providers.  The income – expense ratio is most affected by the amount of debt a provider takes on relative to the number of

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Cutting costs: maximizing results

Child care centers that put a real focus on controlling and even cutting costs are often more nimble and better positioned than those that don't.  Cost cutting, while scary for many can help providers strengthen the foundation of their busine

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