Business Consulting

Managing Financial Duties

February 25, 2021 // by Gary Fredericks

How to Implement Proper Financial Controls in Your Small Business.

Do you reconcile your books? Do you automatically download your bank transactions into your accounting software? What happens after that? Do you perform a manual reconciliation? If yes, congratulations because you are limiting your financial exposure. If not, you should be!

Simply downloading bank statements is NOT reconciling your books. The purpose of reconciling your books is to ensure all financial transactions are accounted for properly and that no money has left your company without you knowing about it. read more

Plan For The Worst, Expect Success

February 11, 2021 // by Gary Fredericks

Stand Apart from Competitors When Disaster Strikes

Over this past year, I’ve seen many businesses claiming that “Due to the COVID-19 Pandemic we cannot offer the quality of service you have become used to…” While the turmoil of a global pandemic has affected us all, one of the essential parts of running a business is planning for setbacks that may come unexpectedly.

While it is extremely important to make sales and generate revenue, it is also extremely important to provide a high level of customer service. If you seem unwilling to back your product or service, word will get out and you will lose business. COVID-19 has been spreading out of control for over a year. As a consumer, I would think that you’ve had plenty of time to set a new plan into motion. read more

So, you want to be an Entrepreneur?

January 28, 2021 // by Gary Fredericks

Part 1 in our Entrepreneurship Series

For the past 40 years, my career has taken many interesting turns and sent me in many directions that I never anticipated. From Wall Street to Main Street, and everywhere in between. All the while, my dream was to own and lead my own business.

As a film student in college, my mission was to build a production company and produce artistic works like films, music, and videos. I took some accounting courses, business law along with all the classes I needed for my major. read more