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Work Orders: The Biggest Myth in Your Decision Making Process
The work order. One of the staples of manufacturing companies around the world. For “direct” employees, it is a fact of life. You work, you keep track of your hours. It is how it is done in the...
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The Wanderer’s Approach to Being a Better Accountant
So, what makes one a successful accountant? I have been around long enough to have seen my share of “tips and tricks”. I also remember enough about my college education to remember some of the...
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How the Concept of Value Streams Can Help Your Reporting Flow Better
A few posts back, I revealed my secret weapon for eliminating confusion and disarray in your P&L reporting. Cleaning up your P&L is a logical first step in making your organizations financial...
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Make the “Start” Towards an Awesome Career Today
I will readily admit to anyone that I am a voracious reader. Both fiction and non-fiction. I think being a reader is one of the most important ways to grow. I doubt much of my fiction reading will...
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Leverage The Power of a Pie Chart to Regain Your Sanity
Photo by Devonyu via iStockphoto For those of us who try desperately to be organized, our to-do list is a sacred piece of paper. It governs our day, guiding (forcing?) us towards the most important...
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Moving from the Budget – Is it Right for Your Organization?
The annual budget. Is there a more sacred and standard financial management tools? To most of us, it would seem that the annual budget is the foundation of financial management. There are gigantic...
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Why You Need to Get Off the Island
Many organizations are organized in a silo manner. Sales has its own silo. Product development has ts own silo. So, it goes without saying that finance typically has its own silo. However, in many...
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Know Your Metrics – Days Payables Outstanding (DPO)
Accounting is inherently numbers driven. As accountants, we express the performance of our organizations in numbers. Our primary outputs are the financial statements of the organization. The income...
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5 Ways to Have a Better Accounting Department
We exist in a world where the businesses that perform the best are usually the most efficient. Resources are scarce and today’s small businesses need an edge to succeed. All too often, the mantra “do...
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Dear Business Owner: Accounting Can Be Your Friend
Photo via Photodune Accounting. The bane of many a solopreneur or small business owner. What is it about accounting that gives this group of people, you, such willies? Perhaps it because the whole...
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