You, Me and a Budget Spreadsheet

Budgeting.  UGH.

I call it the “B Word” because so many people are resistant to the word BUDGETING. Nobody wants to Budget, right?  Budgeting is all about deprivation and doing without.  It’s like…gulp…dieting.

Budgeting doesn’t have to be a soul-sucking, frustrating experience.  The way I teach it is fun, easy and powerful.  From Main Street to Wall Street, simple budgeting is a great way to create goals and achieve them.  You create a workable selling price as a bonus.  Neat!

Budgeting focuses on spending.   You don’t want to be wasteful or thoughtless when it comes to expenses.  Little things add up. […]

By |March 18th, 2014|Accounting, Budgeting|0 Comments

5 Tips for Financial Goal Setting!

“What’s the point of setting financial goals?  I have no idea what will happen each day for sales.  Unexpected expenses crop up all the time, too.  If it’s just a ‘guess,’ then why bother?”

That’s what one of my clients just shared with me.  I appreciate his candor and his frustration.  However, if you want tomorrow to be better than today, it starts with intention and imagination.  So, set financial goals…no matter how awkward it is.  As you clarify your intention and take aligned action, you will make those dreams come to pass.  It’s OK if it takes a little longer and costs a little more than you hoped.

Here’s more help!  I put together 5 Tips for Financial Goal Setting.  Enjoy! […]

By |March 11th, 2014|Accounting, Budgeting|2 Comments

5 Ways To Audit Proof Your Business

Imagine…you discover the certified letter in your mailbox from the IRS, announcing you have been selected for an audit.  No worries!  Once upon a time, I made a “Slinky-knot” mess out of my QuickBooks™ file.  Fear of an audit – and a growing pile of unpaid bills – encouraged me to get it sorted out.  It wasn’t that hard, once I got over my drama and procrastination.  Let’s get you started!

For last year… […]

By |March 20th, 2013|Accounting, Where Did the Money Go?|0 Comments

Who Taught You Business Basics?

Business is pretty easy.  I wish we taught accounting and finance basics in sixth grade.  Alas, I didn’t even learn how to balance a checkbook during my high priced stint at a private college for a Business Administration degree.  However, once I learned business basics – stumbling through our family business and with the help of great mentors, including Warren Buffet, Frank Blau – I was gob smacked by how easy it is.  When you charge more than it costs for something you create a profit.  You manufacture your own money.  When you take that profit in cash (as opposed to letting it decompose in Accounts Receivable) you can use that cash to grow your business.  You can use that cash to turn around a bad financial situation.  Money buys options.  Money can fix things.  Not everything.  But just about everything is easier with some cash on hand. […]

By |March 4th, 2013|Accounting, Budgeting|4 Comments

How to Clean Up Your Payroll

I’ve spent a lot of time over the last 20 years helping people clean up financial messes.  The messy mess (the smelly smell for Sponge Bob fans) is payroll.

Payroll entries are complicated.  There is the expense to you and the cash requirements and the amount you withhold, then submit, for payroll taxes for you and the employee.  Add in reimbursements, advances and garnishments and, well, before you know it…it’s a mess.   Here are a few tips for getting your Payroll accounts to right, and for staying current and accurate. […]

By |February 18th, 2013|Accounting, Making Money|2 Comments