Embezzlement Warning Signs for Small Businesses
Employee theft is something that no business owner wants to experience. Unfortunately, the culprit is often a trusted employee who has never complained about working overtime and without vacations. If you notice a combination of the following warning signs, it will be well worth your while to start investigating. There is an unusual drop in [...]
Sioux Falls truck driver sues former live-in girlfriend for embezzlement of $50,000
A truck driver who let his girlfriend stay at his house rent-free as long as she kept the books for his business is now suing her for embezzling $50,000. Sioux Falls resident John S. Townsend, 44, who drives his own truck and operates as Townsend Transport, let 45-year-old Ramona Haase move in with him in [...]
Outsource Accounting to Boost Your Bottom Line
October 14, 2009 by The Wise One Business is composed of a set of interrelated systems that ensure the smooth flow of business processes and convert capital to revenue efficiently. It is important for a business owner to consider each component as if it is just the existing system inside the process. Thus, utmost importance [...]
Taxing Services Could Yield Indiana State $6.8B
Monday, October 12, 2009 Written by IBJ Staff The non-partisan Indiana Fiscal Policy Institute this morning released a new study exploring the ramifications of expanding the state’s sales tax to include services. In its last fiscal year, Indiana raised $5.7 billion from its 7-percent sales tax, which applies to the sales of most tangible goods, [...]
The Business Side of Business
Many small business owners are so busy with the day-to-day operations of the business that they can’t see the forest for the trees. They are underutilizing information about how the business is doing financially and, hence, are missing opportunities to improve the financial performance of the business. This financial information is analogous to gauges on [...]
Outsource Accounting to Boost Your Bottom Line
Business is composed of a set of interrelated systems that ensure the smooth flow of business processes and convert capital to revenue efficiently. It is important for a business owner to consider each component as if it is just the existing system inside the process. Thus, utmost importance and consideration must be given to each [...]
QuickBooks 2010 Preview
This week, Intuit announced that it will be releasing the 2010 versions of Quickbooks Pro and Quickbooks Premier to users on Oct. 7. So what’s new for Quickbooks users in 2010? Intuit says it has streamlined the install process from 15 screens to only six for small businesses with simple accounting needs. You will be [...]
Fix It Backwards
How do you fix accounts that don’t balance? Where do you begin with a checking account that hasn’t been reconciled accurately in years, literally? What do you do with a system spitting out rejected checks from customer authorized direct payments and the staff can’t keep up? How do you deal with an inventory costing system [...]
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