Fall in Love with Finance Series – Conclusions

In our Fall in Love with Finance Series, we’ve looked at a number of concepts and solutions for making the financial management of a small business more enjoyable. While you may not completely fall in love with finance, hopefully you can see that it can take far less time than you may have originally thought,

Fall in Love with Finance Series – Bots and why ...

Bots are starting to gain a lot of attention and for good reasons. Bots are computer programs that perform repetitive tasks accurately and at a very high rate of speed. As a result, these bots can do the work of humans faster, more accurately and less expensively. We all interact with bots (or chatbots) as

Fall in Love with Finance Series – Fraud Prevent...

In our Falling in Love with Finance Series, we’ve discussed tools and strategies for how owners and managers of SMB’s can become more comfortable with the financial operations of their businesses. There are a number of reasons to understand and actively manage the finances of your business, not the least of which is to prevent

Fall in Love with Finance Series– Making the col...

Cash flow is the life blood of all small and medium size businesses and the best way to make sure that the cash keeps coming in is to make sure your receivables are collected on time. Most SMB’s have a wide range of clients that pay on time, slow and late. The average number of

Fall in Love with Finance Series– Staying out of...

Sometime when I ask my accountant for his thoughts on a financial issue, he starts giving me a detailed explanation – something I usually don’t want. He’s really not trying to get under my skin, he’s just trying to give me a complete answer. He’s very passionate about his work and enjoys discussing some of

Fall in Love with Finance Series – Reducing oper...

While most of the Falling in Love with Finance series is about fiscal management, today I want to address how SMB’s can reduce their operation costs with very little effort. If done properly, small businesses can add profits to their bottom line that are meaningful and sustainable without hiring an operations manager (or if you

Fall in Love with Finance Series – Automating th...

One of the things business owners don’t like to deal with is bill payments. It’s time consuming, frustrating and doesn’t add value to their business. With all the technology available today to SME’s it’s surprising to see that most bills are still paid using a paper based system. One of the reasons for this is

Fall in Love with Finance Series- Nobody likes fin...

One of the issues that SMB’s have is planning for expense payments that are not entered into their financial accounting system until after they’ve been incurred (let’s call them future transactions). Payroll is one of the largest expenses that most companies have and it falls under this category. Loans and mortgages are good examples of

Fall in Love with Finance Series-Make it Simple.

“I don’t get it”, “I hated it in school”, “It’s too complicated”. These are statements I’ve heard from SMB owners, and they’re right! Accounting and finance can be complicated and difficult to understand. But what if it were simple? What if you got exactly the information you needed in an easy to understand format?  If

Welcome to our series, Fall In Love With Finance!

When I started my first business I had a basic understanding of finance, but was a lot more familiar with the products, service, support and sales effort required to get the business off the ground. I had a couple of uncles who owned small businesses, so I asked them about how to get started with

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