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86% of small businesses fail in the first year.

70% in the second year, and roughly 60% in the third year.

The number one cause of failure?  Lack of experience.  In a 2011 research study, out of 10 reasons why businesses fail, 7 of those reasons were directly attributed to accounting problems.

Do NOT let your business fail because of a lack of accounting help or knowledge!  Your Accounting Pros is here to help your small businesses succeed.  Our goal is to be your behind-the-scenes strategic partner in making business decisions.  Solid information will help you grow your business to success.

Your Accounting Pros is an outsourced controllership firm specializing in small businesses grossing less than $15 million in annual revenue with less than 10 employees.  We do everything from the day-to-day bookkeeping entry through coordinating year-end with your CPA.  We especially focus on things like a budget or profitability analysis to help you make intelligent, reasonable decisions to grow your business.  Call or e-mail today to see how we can help you!

From our experience in the corporate world managing budgets up to $500 million, we bring the big corporate reporting to small businesses.  Call or e-mail today to see how we can help you!

 

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Fraud Alert!

Accounting Weekly  reminded us this week that fraud is still rampant in small business, and reiterated who is most likely to commit fraud. 7  I would expand that to say anyone internal that has unsupervised control of finances.  Case in point:  a small construction firm.  The bookkeeper at the time was a family member that rarely …

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Solving the Problem of Accounts Payable

I ran across a sad but funny situation last week.  The business owner was mad with the current CPA because she didn’t know there was accounts payable, so none were booked.  The owner felt the CPA should have known that goods were purchased on account and not paid immediately by check or credit card.  It …

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Is Your Bookkeeper Just a “Monitor”, or a Partner?

I love this commercial .  I’ve seen it hundreds of times, and I still laugh.  I’ve been doing a lot of reflection on how I serve my clients, and I’m feeling like this is kind of how they view the bookkeeping profession.  Not that they don’t want the advice, per se, but they don’t know their …

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How Will Cal3 Impact You?

This past weekend, a family member tried to pull me into an argument about Cal3.  Those of you that know me know I’m not much for arguing anything, let alone anything political.  But it got me to thinking.  How WILL the financial landscape change for my clients if Cal3 passes? For those unfamiliar with the …

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