Accounting services engagement agreement – updated 11/2019

Posted Leave a commentPosted in Accounting, bookkeeping, Small Business

Thank you for choosing me to help you with your accounting. This client accounting services agreement is meant to encompass one or more of the four areas of small business financial management: TRANSACTIONAL SERVICES including bookkeeping, payroll, and bill payment COMPLIANCE SERVICES including tax preparation, audits, reviews, and financial reporting OUTSOURCED CFO SERVICES including financing, […]

Lenovo Thinkpad T-580: one year review of a solid notebook computer

Posted Leave a commentPosted in Accounting, Computers and Internet, Small Business

A little more than a year ago I purchased a Lenovo Thinkpad T580 notebook computer and by now I now have at least a thousand hours of use on it. I reviewed it last October in another log post here. This is a short bullet point update of that review now, a year later. No doubt, this […]

Why hourly billing rates are a bad idea in small business accounting

Posted 1 CommentPosted in Accounting, Small Business

This excerpt below comes from a 10/23/2019 article in Accounting Today by Loren Fogelman titled “Your Hourly Rate is Unfair to You and Your Clients”. It echos and reaffirms many of the concepts I’ve used to develop my Pricing Policy. An Hourly Rate Creates Tension Clients closely watch the clock when you charge for your […]

Unhappy with your small business accounting system?

Posted Leave a commentPosted in Accounting

One of my top priorities after tax season (today) is to implement an alternative accounting platform for my small business clients. We are aware that all technology platforms have their strengths and weaknesses, so we must understand and order our priorities. For example: QuickBooks (the world’s largest platform ) advantage are also it’s disadvantages: 1. […]

September progress

Posted Leave a commentPosted in Accounting, Cannabis, Marijuana related business (MRB), Marketing, Nonprofit, Small Business

This month of September 2019 was one of the most productive I’ve had in decades of small business. I helped launch (or re-launch) five new businesses. Three of them are nonprofits. One is already a financially “profitable” nonprofit so the tax and social benefit impact is impressive. I’ve proven that by offering free assistance to […]

What is the best way to use a web site to open discussion? (It’s probably not embedded chat)

Posted Leave a commentPosted in Accounting, Marketing, Social Media

I’ve just concluded a 10 week test of LeadBooster software on two of my web sites. These are the results reported by the software management console: My small business web sites serve one purpose: to open a discussion. I do that by producing high quality timely and useful content that provides educational value to the […]

Amazon’s decline can hurt the CFO’s reputation

Posted Leave a commentPosted in Accounting, CFO, Small Business

An article in today’s Wall Street Journal talks about failure of Amazon to maintain quality control over its retail network. I wish it had been published two months ago. I was ‘late to the party’ in adapting Amazon as a preferred provider of supplies for my small business clients but finally made that commitment this […]

Reduce business checking fees

Posted Leave a commentPosted in Accounting, bookkeeping, Small Business

Today’s banking services are less expensive in the past but banks’ revenues are actually greater today. Why? Banks add extra fees for add-on services that can be avoided but only with proper management oversight. For example, most of the nation’s bill payment processors charge a hefty fee for cancelling and replacing a lost check. Many […]