At Cash Flow Accounting, our motto is “Know Your Numbers. Change Your Life.” We are a bookkeeping company, but as we like to say: “A set of financial statements will never make you rich. It’s what you DO with the information you receive.” It always comes down to action. Information, then action. If you don’t [...]
Why is it that we hear about so many embezzlement cases these days? Is it a new phenomenon? Embezzlement is definitely not a new phenomenon. It might be that due to the advances in technology and communication we are only more aware of their frequency. One thing is for sure though; there has been an [...]
Do you want to know how much income and expenses you business has? Do you want to know which way your cash is flowing on a daily basis? As a business owner it is critical that you learn how to interpret these key indicators, and in order to do so, you must familiarize yourself with [...]
If you think keeping up with income tax laws is hard, then just imagine what it is to keep up with 51 separate taxing districts who decide when and if you are subject to their laws. Well, that’s exactly what is happening with nexus. Nexus means connection. If you have a connection to a state [...]
A Lodi, California, bookkeeper has been accused of embezzling money from a local company and according to statements made in court early this year, the amount in question may very well reach $400,000. On January 23, 2011, Cheryl Jacobson, 53, was arrested for allegedly embezzling money from Tokay Glass since 2005. Days after the arrest, [...]
As a small business owner or investor it is critical that you familiarize yourself with the concept of financial statements. There’s so much more to financial statements than just the pieces of paper that make up the package. The true secret, and the power, of financial statements, lies in having the ability to understand what [...]
Want more money? Simple. Make more in sales revenue and spend less in expenses. The smart business owner today knows you need both – more revenue and contained expenses – to make your business work both in the long-term and short-term. But there can be a real danger here. The danger is focusing on the [...]
Repeat offenders appear to be a disturbing but common reality when it comes to bookkeeper fraud. The following headline is from the Times News of Knoxville, Tennessee (February, 2011): “East Tennessee Bookkeeper Who Stole $4 Million to Finance Luxury Lifestyle Pleads Guilty” One of the most disturbing aspects about this story is the fact that [...]
