The Fuel Accounting blog page

Xero is a great accounting system. As Platinum Champion Partners we get to work with one of the top rated systems in the world. In this article I’d like to show you how you can FINALLY get rid of all that floating paper you have to deal with. Several years ago, Xero acq…

Having a great relationship with your material vendors and subcontractors is critical, especially as your business transitions and grows over time. Making sure they are paid on time is an important part of maintaining those relationships. So we want to show you how to manage your cash flow using our Profit First Cash Management System (PFCMS).

How often does this happen? You’re running a process that you’ve successfully run a million times, but this time it fails. As kids, we were always told, when approaching a railroad crossing, to STOP, LOOK, and LISTEN. When evaluating the integrity of a process, we think you should do that as well… Under these circumstances, It’s easy to think the process no longer works, and must be changed. And it might be that you’re right. But did you thoroughly check your assumptions?

How many times have you made a decision that seemed to make sense at the time, but in retrospect, turned out to be less than optimal? Many times, it is not your fault.  Leaders become trapped in a conflicting world. They get mountains of input from everywhere; news events, markets, customers, vendors, and even everyone inside the organization.

Did you know we can kill two birds with one stone? Well, I’m about to tell you how!! One of THE biggest challenges facing small/medium businesses (SMB’s) centers around tactical cash flow management and achieving strategic objectives. How can you balance short term cash management with long term strategy? We do have a solution for that. It’s called our Profit First Cash Management System (PFCMS).

Whenever I’ve heard someone tell me they’d like to give me feedback on something, the antennas go up and I brace myself for some REALLY BAD NEWS… That’s how things usually roll in life, right? Who likes to hear that they’ve done terrible work, or botched a job? Yet, while giving difficult feedback can be difficult on our side, maybe it’s time to consider the effect of NOT giving that feedback.

I know, you wear lots of different hats every day. There is so much to get done, and there is not always someone specifically assigned to do it. That is the nature of a Small/Medium Business (SMB). But those little things all need to be done, so we constantly switch roles (or change hats) and make it happen. The problem is that SMB’s often are so busy changing hats, that they lose focus on the big picture. Are you so busy flying the plane that you forget about the destination?

For those of you not yet familiar with our Profit First Cash Management System (PFCMS), it gives you the opportunity of taking charge of your cash and profitability. We use Profit First in our practice, and many of our clients use it as well. It works amazingly great…

Well, why don’t you ask yourself if your business is a finite, or infinite enterprise? Sure, your business had a beginning. It might also have rules (processes), timelines, and score keeping (the numbers). But when does it end? What does the end even look like? This is an important concept to consider for several reasons:

Oh great. So now what should you do? Well, I guess you could cross your fingers and spend more money. Or, you could try to guess which half is a waste, and eliminate it. The main problem is one of measurement (or lack of measurement). There are tons of marketing geeks out there that want to take your money and promise thousands of views and clicks.