Cash theft ranks as one of the most common frauds perpetrated on small businesses, according to a 2018 report by the Association of Certified Fraud Examiners (ACFE). To ensure your business is protected from theft,…

I enjoy working with manufacturing companies. Some of my more successful clients have been people that had an idea and literally made it a reality. As I’ve followed the industry over the years, I’ve noticed…

With the frequency of natural disasters, mass shootings and cyber threats, it’s important that your business is ready if it faces its own disaster. According to Liberty Mutual Insurance, most small businesses don’t have formal disaster…

Governor Murphy has signed into law provisions that give employees more time off, more ways to qualify, and more compensation under the Family Leave Act and Family Leave Insurance. The laws also impact more businesses…

Here are three warning signs you may be headed for a cash crunch, and tips to avoid them: 1. Receivables aren’t being collected fast enough. When customers don’t pay on time, your cash balance suffers….

Employee theft happens frequently enough for it to be a concern of every business. It makes no difference whether your business is a one-employee medical office or a forty-employee retail outlet. Absentee business owners should…

How to effectively use your bad debt allowance When your business extends credit to customers who don’t settle accounts, their debt becomes bad debt. For businesses using the accrual basis method of accounting, establishing the…

Your bookkeeping system is the financial heart and lifeblood of your business. When set up and operating properly, your books help you make smart decisions and seamlessly turn your financial data into useful information. Here…