Archive Monthly Archives: May 2012
The Basics of a Profit and Loss
What Is Profit and Loss? Also called the P&L, a profit and loss statement can help you and your bank get a good understanding of the operating health of your business. It feels like we cover this often,
Continue readingThe Fraud Triangle: What It Is and What You Can Do
What Is The Fraud Triangle? We wrote about a week ago about a case study where internal fraud was discovered. In the business world, three aspects make up what is known as the Fraud Triangle. The Fraud
Continue reading7 Ways to Increase Cash in the Business – Without Spending to Do It
The math is simple. To have more money, you need to earn more or spend less. This list is just to help you break down the cash analysis you need to do. It’s not all-inclusive, but it’s a start. To
Continue readingCASE STUDY: 4 Steps to Finding Financial Fraud in a Small Business
Uncovering Fraud Lately, one of our longest-standing clients had an incident of fraud. This was shocking to us, as we have done varying business management projects with them since 2008, and they even
Continue readingAre you ready for an audit? A 5-point checklist
Why audits happen The papers and electronic records you keep in order to validate your firm’s accounting records are known in the finance world as the audit trail. While the word ‘audit’ is most
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