Financial management - for the family business owner who doesn't have or need a CFO and all the trappings of big companies.
Let's face it - big companies need and can afford to have a whole arsenal of specialists and professionals to help them. They already know the tips and tricks.
But, many of our smaller - and some that are not so small! - clients don't have professional financial managers. But you still need to run a a tight ship financially. So, this section is for you.
If there's something you'd like covered - or if you want to talk about how one of our ideas might apply to your family business - or family! - use our ASK THE EXPERT link.
Bank Reconciliations
Bank reconciliations - no fun, but family business staff and owners need to understand the procedure. Here's a good refresher.
Bank Sweep Accounts
Bank sweep accounts are a great tool for centralizing cash management amongst several accounts. But there are pitfalls - learn what to record and what not to record.
Journal Entries - Very Revealing!
Journal entries in accounting are somewhat analogous to the initial readings and observation that is made every time you visit your doctor. They are very revealing!
Credit card balance transfers - they're not as cheap as you think!
Credit card balance transfers are increasing. Watch out for the service fee you'll be charged to access this low interest rate.
Construction Draws
Construction draws have become an area for sharp-operating General contractors to earn extra profit - at the expense of their Subcontractors.
Mortgage Escrow
Mortgage escrow is a viable concept that has been abused by lender's greed.
Service Charges
Service charges are often a drop in the bucket to the payer, but make big bucks for the merchant. Learn how one made $18 million a year - in a scam.
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