In Pursuit of Profit

Corporate Philanthropy: What is in Your Budget?

10/28/2019

As head of CFO Selections corporate philanthropy initiatives, the question I get most often, especially now at budget time, from other company executives is, “What is the right amount of money to budget for donations?”

0 Comments

QuickBooks Online vs Xero - A Simple Comparison

10/7/2019

0 Comments

QuickBooks Online vs Xero - A Simple Comparison

While QuickBooks Online (QBO) and Xero achieve the same functions from a high-level perspective, the mechanics behind them vary enough to make each suited for different clientele. Usability, interface, and pricing differences provide points of comparison for these popular accounting platforms.

0 Comments

QuickBooks Desktop vs QuickBooks Online - What's the Difference

10/2/2019

0 Comments

QuickBooks Desktop vs QuickBooks Online - What's the Difference

QuickBooks has been the top accounting solution for almost three decades, and the 2002 release of QuickBooks Online only extended this industry-leading trend. While both continue to remain popular among business owners, the differences between QuickBooks Desktop and QuickBooks Online make them ideally suited for different clientele. QuickBooks Desktop is a traditional online accounting system while QuickBooks online is a more modern cloud-based accounting platform.

0 Comments

How Do I Clean Up Old Transactions in QuickBooks?

9/24/2019

0 Comments

How Do I Clean Up Old Transactions in QuickBooks?

Maintaining clean financial records is vital during business transitions. When circumstances change, updated books allow business owners to accurately discern the financial health of the business and strategically plan for the future. Securing bank loans, weathering audits, maintaining aggressive business growth, filing insurance claims, and resolving ownership disagreements are all instances when transactions are scrutinized for accuracy and timeliness.

0 Comments

The Pros and Cons of Doing Business in Oregon

8/12/2019

0 Comments

The Pros and Cons of Doing Business in Oregon

Is Oregon the right place for your business? Many Americans dream of starting a business, and the number of new ventures has continued to reach new heights. If you're thinking about launching a company, where you do so matters.

Entrepreneurs are increasingly choosing to call Oregon their home base. The state's economy is strong, and many local communities are committed to the success of small businesses.

0 Comments

6 Tips for Organizing Business Receipts

7/22/2019

0 Comments

Many business owners struggle with back-end office organization, especially regarding financial items like business receipts. The problem is two-fold: most business owners underestimate the importance of business receipts, and receipts are hard to organize manually.

While it is advisable to keep all purchase receipts – personal and professional – a desire to reduce paper clutter and make the right choice environmentally has many people skipping the receipt altogether or asking for an emailed copy.

0 Comments

How to Pay Employees – 5 Compensation Options

7/15/2019

0 Comments

How to Pay Employees – 5 Compensation Options

Business owners spend a surprising amount of time dealing with employee compensation. Determining how to pay employees requires an understanding of employee and business needs alike.

Employees primarily want to be paid quickly and effortlessly, while organizations have cash flow considerations and business objectives to manage.

As business operations have modernized, most organizations have shifted their compensation techniques from pay cards and checks to direct deposit for regular, full-time employees.

0 Comments

How to do Background checks on Prospective Employees

7/3/2019

0 Comments

How to do Background checks on Prospective Employees

Hurried hiring is bad hiring. Yet many businesses still hire new employees hastily, filling everything from entry-level positions to key strategic roles. Fast-growing businesses are the most at risk for rushed hiring because they have the most open positions and the greatest incentive to fill them quickly. Unfortunately, this can be a recipe for disaster, derailing competitive momentum and stymying long-term growth.

0 Comments