CrackerJack Accounting

 
Ask any accountant and they’ll spout off the balance sheet equation (Assets = Liabilities + Owner’s Equity).  Ask most everyone else, and they’ll either look at you blankly or have a hard time remembering what goes where in that equation.  It’s simple, really, if you just picture it.

Unfortunately, I’ve worked with many business owners who were victims of embezzlement prior to my engagement with them.  It’s really not all that uncommon.  Why?  Because we want to trust our employees.
I’m not saying your employees aren’t trustworthy; I don’t know them.  What I can tell you is that’s always the story I hear.  “I [...]

I am no stranger to businesses with cash flow problems. The lack of cash to pay the bills is pretty common among small businesses.  It’s no secret why it happens… promises haven’t been kept by customers, you expected sales that didn’t materialize, you expected funding that didn’t come in, the list goes on.  What I [...]