Spinning your tires in a snow drift is fast tire rotation without making any progress or forward movement. In today's culture of fast food, electronic trading, texting, and video gaming many of us feel the pressure to make decisions quickly so we can move on to...
Beware of Complacency in Strong Economic Times
Unless your leadership has a disciplined program of continuous improvement in place with timely monitoring of the key performance indicators (KPI’s) and a process of corrective action when the company veers off track you will not maximize the improved profitability of...
LEADer in the Spotlight – Riki R. Shah
Blog, Core Values, Women LEAD at CDH
WHO: Riki R. Shah WHAT: Organized and Moderated the First Ever Women in Public Accounting Panel at Loyola University -Chicago ROLES: Mentor, Coach, Creative Thinker, Difference Maker and “Taxpert” DETAILS: Riki is one of our Senior Managers in the Tax...
Protecting Profitability in Uncertain Times
We are very possibly entering a time period that there are going to be dual pressures on profitability. First of all almost all companies are going to feel the impact of growing inflation due to the general strength of the economy, both from a labor perspective and...
How Technology is Changing Accounting
Forget the traditional audit where a team of accountants spend weeks at a client to produce a document that's out of date and expensive. The future value add in accounting is all about advising (moving from obsolete accounting systems), predicting (using new tools to...
Moving to “the Cloud” with Sharepoint
We have all probably heard about ‘the Cloud’ and the benefits of migrating our servers to it, but for many small business owners it is still a daunting step to take. What would building a virtual copy of your company server in the Cloud entail? How would we manage and...
LEADer in the Spotlight – Yoko Yamamoto
Blog, Core Values, Women LEAD at CDH
WHO: Yoko Yamamoto WHAT: Started hosting new study groups for Japanese professionals in Novi, Michigan & Cincinnati, Ohio ROLES: CDH Principal, Business Evaluation and Transfer Pricing Expert, CPA, CVA, Best Practices Guru DETAILS: Yoko is our newly promoted...
Managing Labor with a Record Low Unemployment Rate
For many of my clients, 2018 brings good news for employees, but most employers are facing tougher times filling positions as the job market continues to tighten its grip. For the month of May, the economy added 180,000 jobs and pushed the unemployment rate to an 18...
New Cloud Accounting System? How to Increase Customer Engagement
It is key to increase customer engagement when upgrading to a new cloud accounting system, like Sage Intacct. It is important to have a good strategy set before the kick off meeting. Engaging the customer should be a continuous process from the selling cycle, to...
Harassment in the Workplace
Harassment in the Workplace Today it was McDonald’s, yesterday was Uber. It seems like every day brings new sexual harassment allegations against prominent figures and corporations. Since the #MeToo movement brought the issue of sexual harassment center stage, experts...
Why Dashboards Matter – Sage Intacct
Good dashboard design with the right metrics provide the value add when a client signs up to upgrade from older legacy systems. Sage Intacct provides the relevant dashboards by role to key in on these highlights and drive your business forward. Dashboards in Sage...
The Lifeblood of an Organization’s Success
The Lifeblood of an Organization’s Success Over the many years that I have been consulting with manufacturing firms it is no surprise that the most successful of those firms are the ones that are very focused and aggressive in the area of new product...
Salary Structure
Salary History Bans Lead to Salary Structures to Reduce Gender Pay Gap Recently, policymakers in multiple states, including Illinois, have been pressing to ban employers from asking applicants to provide their salary history. This has been a question asked by many...
Executive Focus can help manage your Operating Expenses
Executive Focus can help manage your Operating Expenses. I have noticed this year that many of my clients gross profit %’s are on track to last year and budget, but there appears to be a disconnect with some companies in regards to some higher operating expenses. Of...
The Accounting Technologist
Today most accountants consult on traditional services like tax, compilation and audit. The new accounting vision is to become more tech savvy and advise clients on moving away from older/out of date/on-site legacy ERP/accounting systems so they can close the books...
Revenue Recognition- Lessons from Public Co Adoption
Revenue Recognition – Bite-Size Education Lessons from Public Company Adoption Lessons from Public Company Adoption: The new Standard often requires companies to obtain new information to meet the accounting and disclosure requirements Even though the effect on...
Employees Requesting More Feedback
Over the last two years HR professionals have been grappling with the idea of ditching annual performance reviews. Historically, both the employees and supervisors dread the annual review process, at the same time, many supervisors believe they have regular contact...
Product Line Profitability
Over the years I have worked with a number of companies in the consumer products arena. One of the critical topics of discussion is always product line profitability. Which of our products truly contribute the most to our bottom line? In connection with the issue of...
ASC606- Revenue Recognition Standards
The biggest accounting standards change since the implementation of the Sarbanes Oxley Act back in 2002 is hitting the accounting profession – a change to the revenue recognition standards. This new standard, known as Accounting Standards Codification (“ASC”) 606-...
Why QuickBooks Fails on New Revenue Recognition ASC 606
Here’s one reason why QuickBooks can’t handle the new revenue recognition rules…… The new revenue recognition rule, ASC 606 takes effect for public companies in 2018 and in 2019 for private companies. Here’s how QuickBooks will “handle” the new revenue recognition...
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