Virtually Worthless Small Business Accounting Reports

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Many small businesses rely on reports from their CPA to see how their business performed. Unfortunately, by the time many small businesses get their reports it’s way past when they needed to see them. I’m not bashing or blaming the CPA firms. I used to be a CPA in industry. CPAs have tons of clients so it takes a while to do all their clients’ reports as everybody’s month or quarter ends at the same time. On top of that, most of these reports are “accounting” reports and while I’m sure they meet “accounting standards”, they often serve as a poor management tool for managing most small businesses.

So what’s missing (other than maybe timeliness), you may be asking. As there are almost as many types of small businesses as there are small business owners, I will point out just a few generic possibilities that may serve to get you thinking. These are:

1. Does your accounting reports tell you what inventory items are turning the slowest and need attention?
2. For manufacturers, can your reports tell you which items are the most or least profitable?
3. Did your latest report flag the fact that even though your sales didn’t vary from what you expected, your product mix for the month was a lot less profitable?
4. Did your report let you know that you are critically low on a key raw material component due to changes in customer order patterns?
5. Did your reports tell you that one of your biggest customers has moved from paying in 30 days to 50 days, straining your cash flow?
6. Do your current reports tell you that your returns spiked last month due to a manufacturing quality problem that no one told about?
7. Do you feel it is easy to quickly see how your business performed last month from your current reports or do you have to study them and do a lot of research to really figure out what happened?

If you answered yes to these questions, then congratulations! You probably are getting great reports from your accountant or are preparing some quality reports internally. If you answered no to any of these questions, then what can you do about it?

Ron Stone is a lifestyle and financial professional. Among his companies is an insurance agency specializing in trucking company health insurance. Learn more about the affordability of truckers health insurance at, Truckers Insurance or Truck Driver Health Insurance


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  • BS in Accounting
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  • GCU provides quality training for business majors in servant leadership, ethics and entrepreneurism in order to thrive in a future career.

Programs:

  • B.S. in Accounting
  • B.S. in Finance and Economics

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  • Bachelor of Science in Accounting
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  • A DANTES-affiliated university and member of the Service Members Opportunity Colleges.
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Programs:

  • Bachelor of Accounting
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  • Bachelor's (BBA) - Finance
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.

Programs:

  • Business Administration - Accounting (BS) (Online)
  • Business Administration - Finance (BS) (Online)
  • Online and ground-based program areas include Fashion Marketing and Management and more.
  • Students can study branding, event management, and public relations to help them prepare for a marketing career
  • Course topics include Fundamentals of Business, Brand Strategy, Project Management, and Principles of Market Research
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Programs:

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  • Online bachelor's programs include BBA, Criminal Justice, IT, Healthcare Management, Pscyhology & Public Health
  • Over 115 years of delivering quality education and personalized attention to students

Programs:

  • Business Administration (BBA)


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  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).

Programs:

  • Bachelor of Science in Accounting
  • Bachelor of Science in Business - Accounting

The Secret to Getting Ahead is Getting Started

Congratulations! Your interest in Independence University is an important first step toward changing your life. A career-focused degree is the key to a new career with a potentially higher income, better benefits, and more satisfaction.

We want to help you get that degree. Consider:

1.       Start Fast, Finish Fast: You can earn an Associate’s degree in 20 months, and a Bachelor’s degree in 30 to 36 months.*

2.       Save up to $5,000 on your college degree.† You can afford college with our new Fresh Start Scholarships!

3.       Tuition Assistance: Financial aid and grants are available to those who qualify.

Programs:

  • Accounting (BS)
  • Accounting - Forensic Accounting (BS)
  • Business Management & Accounting (AAS)
  • Degrees offered include Bachelor of Science in Accounting, Bachelor of Science in Business Administration, and Master of Business Administration.
  • Students are instructed in relevant business skills like communication, mathematics, and management.
  • Coursework emphasizes the development of project management, communication, decision-making, and problem-solving skills.
  • Flexible, 100% online and campus based programs available.

Programs:

  • BS in Accounting
  • BS in Accounting - Managerial Accountancy
  • BS in Accounting - Public Accountancy
  • And more...
  • Earn your bachelor's degree in business online with GCU to deepen your knowledge base, expand your skill set and begin your business career.
  • GCU's Colangelo College of Business offers bachelor's degrees in business information systems, applied business analytics, hospitality management, marketing and more – Take your pick!
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU provides quality training for business majors in servant leadership, ethics and entrepreneurism in order to thrive in a future career.

Programs:

  • B.S. in Accounting
  • B.S. in Finance and Economics
  • Recognized in the first Best for Vets: Business Schools list in Military Times Edge magazine’s 2013 “Best for Vets” edition.
  • Offers MUSE (My Unique Student Experience), a content delivery system that gives students the option to watch, view, read or listen to required course materials.
  • Allows students to complete courses at whatever pace they want.
  • A DANTES-affiliated university and member of the Service Members Opportunity Colleges.
  • Offers IntelliPath, a proprietary learning technology that lets students learn at their own pace.

Programs:

  • Bachelor of Accounting
  • Bachelor's (BBA) - Accounting
  • Bachelor's (BBA) - Finance

CTU can help you connect to what matters most: a powerful professional network, faculty who are real-world professionals and innovative technology. And now several CTU degree programs are ranked by U.S. News Best Online Programs for 2015.  Are you in?

Programs:

  • Bachelor of Science in Accounting
  • Bachelor of Science in Business Administration - Finance
  • Earn your degree online from Ashford University!
  • Choose from Undergraduate and Graduate classes
  • Business, Health Care, Psychology and Liberal Arts programs to choose from
  • Apply Now! Classes begin every Tuesday!

Programs:

  • BA Finance
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.

Programs:

  • Business Administration - Accounting (BS) (Online)
  • Business Administration - Finance (BS) (Online)
  • Online and ground-based program areas include Fashion Marketing and Management and more.
  • Students can study branding, event management, and public relations to help them prepare for a marketing career
  • Course topics include Fundamentals of Business, Brand Strategy, Project Management, and Principles of Market Research
  • Over 50 locations nationwide, with a student support team dedicated to helping students grow
  • Join our next Open House on 2/15!

Programs:

  • Marketing & Entertainment Management (BS)
  • Fashion & Retail Marketing (AS)
  • Online bachelor's programs include BBA, Criminal Justice, IT, Healthcare Management, Pscyhology & Public Health
  • Over 115 years of delivering quality education and personalized attention to students

Programs:

  • Business Administration (BBA)