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Tag Archives for: "Accounting"
Home » Accounting
Customer Profitability – The Cost of Carrying Difficult/Bad Customers – Some Examples
By Mike Faremouth
In Articles
Posted September 27, 2021

Customer Profitability – The Cost of Carrying Difficult/Bad Customers – Some Examples

If you have difficult customers or clients that routinely give your business a hard time, do you quantify the cost of continuing this relationship and include this in a measure of customer [...]

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Newsletter – Entities; Deductions, and Pricing
By Mike Faremouth
In Articles
Posted August 18, 2020

Newsletter – Entities; Deductions, and Pricing

August 2020 Newsletter – Entities; Deductions, and Pricing 

An old proverb once stated, “May you live in interesting times.” But interesting is not how I [...]

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Accuracy in Accounting & Bookkeeping – Consequences to Small Business
By Mike Faremouth
In Articles
Posted February 26, 2019

Accuracy in Accounting & Bookkeeping – Consequences to Small Business

Accuracy in Accounting & Bookkeeping 

Accuracy in Accounting and Bookkeeping, matters and the (negative) [...]

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Employer Identification Numbers (EIN) – What to Do and What to Avoid
By Mike Faremouth
In Articles
Posted January 28, 2019

Employer Identification Numbers (EIN) – What to Do and What to Avoid

When it comes to Employer Identification Numbers (EIN) having more is not better, in fact, it could lead to a lot of grief and have you reaching for the [...]

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Accounting & Bookkeeping Tips
By Mike Faremouth
In Articles
Posted January 21, 2019

Accounting & Bookkeeping Tips

Here are a few Accounting & Bookkeeping tips to improve the accuracy, appearance and structure of your financial statements.

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The Importance of Cash Management – A Planning Tool for Small Business
By Mike Faremouth
In Articles
Posted January 10, 2019

The Importance of Cash Management – A Planning Tool for Small Business

For a successful business – managing cash is NOT an optional “to do.” In particular, because (more often than not) they lack sufficient capital, cash management plans are [...]

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Accountants & Bookkeepers, Obsolete? No; Outsourced? Yes.
By Mike Faremouth
In Articles
Posted November 29, 2018

Accountants & Bookkeepers, Obsolete? No; Outsourced? Yes.

Some argue that with advances in technology and AI, there won’t be a need for Accountants or Bookkeepers,  evidently, because these advances will have evolved to the point where even the [...]

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The Differences Between Accounting and Bookkeeping
By Mike Faremouth
In Articles
Posted November 27, 2018

The Differences Between Accounting and Bookkeeping

The differences between Accounting and Bookkeeping. If you’re Business Owner, you may ask, “so what,” and you would be right!

Business Owners usually do not draw a [...]

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An Engineer and former Project Manager, Mike Faremouth is an Enrolled Agent and Quickbooks Advanced Pro Advisor. In addition, Mike is also a CPA Candidate having satisfied academic requirements and completed all sections of the CPA Exam.

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