The good, the bad, and the how-to for budget variance analysis.
What is a budget variance? As the first quarter wraps up for most companies, it’s a perfect time to perform an in-depth analysis on your budget to and all that work you put into building your perfect budget.
Fraud. It’s no one’s favorite subject. Especially when it involves your employees. Put plainly, if your company provides expense reimbursements then your company has risk of fraud. Expense report fraud is a touchy yet important issue to address. That being said, one of the many ways to protect yourself from risk is to ensure you have appropriate internal controls in place.
If you’re reading this article chances are you’ve got a few things on your plate right now. It’s likely you’re feeling overwhelmed or even confused by your finances, perhaps you’re growing faster than you anticipated, and you’re worried that growth isn’t sustainable. But you’re not entirely convinced you need a full-time CFO.
How did you end up working with Red Granite and ORBA? What path brought you here?
I handled all of the accounting for my family’s Trucking business. After my dad retired, I worked for a few other places but I never felt that my work was making an impact.
If I told you there’s a growth-oriented approach to your financials that both aligns departments and managers while eliminating wasteful spending would you believe me? Industry Week called it “deceptively simple.” The financial industry calls it zero-based budgeting (ZBB).
Before you assume that cost-reduction budgeting isn’t the right approach for your growing enterprise, allow me to break down the pros and cons of ZBB.
Meet our Sr. Associate, Katrina. I love to help people in any way I can. My co-workers are awesome! They really are a great, fun, professional bunch to work with!
Having a number of clients in real estate, we know that property management companies have their own set of special needs when it comes to accounting software. But what if your enterprise is not quite big enough to merit a specialized accounting system which comes with a big HR investment and an even heftier price tag? We’ve found that QuickBooks Online (QBO) works well for small to mid-size property management companies.
How did you end up working with Red Granite and ORBA? What path brought you here?
Funny enough, I started college as an accounting major, but switched after a semester. Fast forward four years later to me as an urban farmer in need of a second job, I took a position as an office manager and accountant’s assistant at a restaurant. The following year, the accountant trained me to take most of her responsibilities as a full-charge bookkeeper as she was leaving. I decided it was something I wanted to pursue in an environment where I could learn and grow and found myself at Red Granite.
Last year, Forbes reported that by September 2018, 80% of businesses would be using cloud apps or solutions. Being at the forefront of cloud accounting services in Chicago, we wanted to share with you our favorite online tools and apps along with the pros and cons of each that we use to live our most efficient life in the cloud.
Congratulations, you have managed to persuade a customer to purchase your product or service. In fact, you have managed to repeat this action over and over again. But, do you know the true cost of acquiring those customers and have you figured out how to improve that cost?