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Archive for the Management Tips Category

Home → Management Tips

Do You Have Past Due Accounts?

On June 8, 2017   /   Management Tips, Profitability Tips, Uncategorized   /   Leave a comment

If you perform a service or ship a product before you get paid, then you likely have a balance in your Accounts Receivable account. If customers pay when their invoice is due, all is right with the world. If they don’t, then your cash flow slows down

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The Death of the Annual Performance Review

On April 27, 2017   /   Business Development, Management Tips, Uncategorized   /   Leave a comment

If you have employees, you probably also have a process to help them understand how they are doing on their job performance. There’s a new trend in large companies to kill the annual performance review and replace it with continuous, instant feedback as well as a tool

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Beyond Saving Trees: New Trends in Receipt Management

On September 29, 2016   /   Accounting, Management Tips   /   Leave a comment

Accounting automation has come a long way in the last few years, and the process of handling invoices and receipts is included in those changes. No longer is there a mountain of paperwork to deal with. In this article, we’ll explain some of the changes in this

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Five Steps to Getting a Loan

On May 12, 2016   /   Business Tips, Management Tips   /   Leave a comment

Most small businesses need help with cash during certain stages of their growth. If you find that you have more plans than cash to do them with, then it might be time for a loan. Here are five steps you can take to make the loan process

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The Triangle of Fraud Risk

On February 4, 2016   /   Business Development, Business Tips, Management Tips   /   Leave a comment

A 2014 Global Fraud Study conducted by the Association of Certified Fraud Examiners (ACFE) estimates that the average business loses five percent of their revenues to fraud.  The global total of fraud losses is $3.7 trillion.  The median fraud case goes 18 months before detection and results

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Cool Tech Tools: Automate Your To-Do List

On November 25, 2015   /   Cool Tech Tools, Management Tips   /   Leave a comment

Keeping a to-do list is a great way to be productive, avoid having things fall through the crack, and unclutter your brain.  How you maintain your to-do list varies: some people use pen and paper because they love the feeling of crossing tasks off, others use Excel

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How to Avoid Sales Tax Surprises

On August 6, 2015   /   Business Tips, Management Tips, Tax   /   Leave a comment

Sales tax laws are constantly changing, and sales tax audits have increased since states and local agencies have become creative about finding new ways to generate revenues.  If you haven’t made any changes in your sales tax procedures in a while, you are probably at risk. Taxability

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Cool Tech Tools: Customer Portals

On June 25, 2015   /   Business Tips, Management Tips   /   Leave a comment

Cool Tech Tools:  Customer Portals If you have a business where you have to send documents of any kind to your customers, then you may benefit from a portal.  You can save time on customer service and possibly postage and labor.  You will also look most professional

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The Best Payment Terms for Faster Cash Flow

On May 14, 2015   /   Management Tips, Profitability Tips   /   Leave a comment

A great way to speed up your cash flow is to get paid faster by customers who owe you money.  One way to do that is to examine your payment terms to see if you can accelerate them.  First let’s talk about what payment terms are common. 

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Cool Tech Tools: Google Drive

On April 16, 2015   /   Business Tips, Management Tips   /   Leave a comment

Google Drive, which used to be called Google Docs, is a great way to collaborate with team members and stakeholders that are in a different location than you are. Here’s a quick introduction (or refresher) on how to use this powerful collaboration tool. Google Drive is a

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