Advisory

Top Five Ways to Survive and Thrive Financially During Economic Uncertainty

By |2020-09-21T14:34:37-05:00June 23rd, 2020|Advisory, Cash Flow, COVID-19, Economy, Goals, Hello Iowa, Performance Measurement, Preparation|

Undoubtedly, there’s a lot of uncertainty and change happening around us. This volatility can make us feel like we should hold tight and be reactive to what happens. But times of crisis and economic uncertainty can create opportunities for us to accelerate changes that we needed or wanted to happen anyway. Here are the Top [...]

3 Key Financial Ratios That Every Nonprofit Should Track

By |2020-07-14T15:39:48-05:00June 9th, 2020|Advisory, Assurance, Budget, Nonprofit, Saving|

Let’s face it, every month you review the same financial statements, which are most commonly: the statement of financial position, the statement of activities, and possibly the cash flow statement. Do you take the next step and dig deeper into these financial statements by calculating the key financial ratios that are important to your organization? [...]

How to Improve Your Future Financial Results

By |2020-07-14T15:37:57-05:00May 26th, 2020|Advisory, Cash Flow, Goals, KPIs, Records, Value|

Your basic financial statements report what has happened in the past – these are lagging indicators. Those numbers are certainly important, but they only tell you what has already happened. If you don’t like the results, there’s nothing you can do to change them. However, to impact future results, you must also identify Key Performance [...]

Working Together: Generational Diversity in the Workplace

By |2020-07-14T15:28:31-05:00April 14th, 2020|Advisory, Employment|

Diversity has become something to be celebrated and is a necessity for success in today’s working world. What is the first thing that comes to mind when you think of diversity? Culture? Gender? What about age? Many workplaces now have upwards of four different generations working together. As we start a new decade, use this [...]

Your Accountant Left – Where to Go from Here?

By |2020-04-01T16:06:13-05:00March 24th, 2020|Advisory, Assurance, Budget, Change, Internal Control, Nonprofit|

  In the current economic and social climate, turnover is inevitable. Talented people land different jobs, move away, or retire. When turnover happens in your accounting department, most organizations experience some uncertainty and concern over the accounting function. You may wonder “how will we produce our financial reports next month?” or “how can we do [...]

Evaluating Deal Structures For a Business Transition

By |2020-03-31T14:18:48-05:00March 3rd, 2020|Advisory, Business Valuation, Change, Gifts, Preparation, Succession Planning, Tax Planning|

  The time has come to begin transitioning out of the business you’ve spent your life building, but where do you begin? Whether you are selling to family, current employees, or an outside party, there are several deal structures to evaluate. We’ll discuss things to consider with various structures but always encourage you to establish [...]

Refine Your Chart of Accounts

By |2020-06-30T11:56:55-05:00February 4th, 2020|Accounting, Advisory, Tax Planning|

  Your financial reports should provide the relevant information you need to make financial decisions. An analysis of your company’s Chart of Accounts should be done to compare these accounts with the data utilized in the report, so you have quick access to the information you need. All accounting systems ultimately gather costs or revenues [...]

Why Trusted Employees Steal From Small Business Owners

By |2020-01-16T16:31:57-06:00January 14th, 2020|Accounting, Advisory, Fraud, Internal Control|

  As businesses grow, trust and delegation can cause the business owner to be less hands-on with their financials. Small businesses don’t always have the people and resources to put the proper checks and balances in place. As a result, small businesses are more susceptible to employee fraud. It’s important to understand how employee fraud [...]

Increasing The Value of Your Business

By |2020-01-16T15:30:11-06:00December 14th, 2019|Advisory, Business Valuation, Change, Goals, Internal Control, Investment, Preparation, Sell, Value|

Have you ever wondered, “What is my business worth?” You’ve worked hard and are committed to the success of your business, but you might be considering retirement or pursuing a different career path. You may want to sell to an outsider or your children that are actively involved in the business. Regardless of the [...]

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