A common concern for many of our clients is in regards to their accounting software, specifically QuickBooks. Deciding when to make the switch from QuickBooks for a more robust accounting or Enterprise Resource Planning (ERP) system is no trivial matter. On the one hand, once a company has outgrown QuickBooks, remaining with it may limit …
Category Archives: Finance
02
Aug
Aug
Financial fraud is a bad scenario for business owners. Beyond the embarrassment or the financial loss, fraud can also result in the termination of a long-term employee. A few factors may put a company at risk; however, the primary cause is a lack of internal controls and oversight. We also find that a lack of …
22
Jun
Jun
Options to fund a business range from family and friends to banks to institutional capital and business owners are best served by understanding the advantages and disadvantages of each option before making this decision. Read more below for tips on navigating this process effectively. Overview of the Stages: Even though every company has a timeline, …
23
Feb
Feb
When business owners call on consultants, they are often excited to jump straight into strategy or tactics for a project or process. After all, time is money and most business owners are motivated, action-oriented people. But the reality is that business owners and their leadership teams are usually going a million miles per hour, which …
16
Feb
Feb
With 2017 still new and full of possibility, we thought it was the perfect time to revisit some of our most helpful webinars from recent years. Whether you need winning ideas for a big upcoming pitch or want to brush up on your budgeting basics before diving into the year’s financial planning, you’ll find valuable …
07
Feb
Feb
In the Pacific Northwest, craft beers, microbrews and local wines are highly celebrated and sought after. But if you work in the business then you know that local enthusiasm doesn’t make the brewing or winemaking business in Washington state or Oregon easy by any means. This post explores some key trends that are shaping business …
02
Feb
Feb
In our practice, we often talk with companies that are seeking investment and/or debt. Many of these companies have an accounting manager or controller that has been assigned the job of talking with a potential investor or lender. And many of these conversations do not result in success in the endeavor of acquiring the debt …
24
Jan
Jan
These are interesting times for seafood companies and fisheries based in Washington state. A confluence of factors, including changing ocean conditions and intense international competition are introducing uncertainties that complicate business decision making. It all begs the question of what seafood businesses can do to stay strong in the face of rapid environmental changes and …
15
Nov
Nov
From a competitive standpoint, 2016 has been a choppy year for major aircraft manufacturers. Intense pricing competition between Airbus and Boeing, as well as increasing competition from Bombardier, have led both companies to pursue cost-cutting efforts. The ripple effects to suppliers from Boeing’s latest efforts, including requests for longer payment terms, have significant business implications. …
27
Oct
Oct
A cursory view of the stock market would have you believe that a company’s value is a singular metric. A stock is trading for $100 and is, therefore, worth its stock price multiplied by the number of outstanding shares. But, there is more at play than meets the eye here. That $100 stock price is …