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Bad Debt: What Is It… and How to Avoid It
 Bad Debt: What Is It… and How to Avoid It 1024 536 Rock Creek Consulting Group
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Let’s start with a definition of Bad Debt. Bad Debt is an amount of money a creditor must write off after a debtor defaults. In other words, it’s the amount of money your company will not receive for products or…

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Automating your Business: 11 Focus Areas
 Automating your Business: 11 Focus Areas 1024 536 Rock Creek Consulting Group
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  As Accountants we like to see highly efficient businesses… because that leads to more profit, a higher valuation, and – usually – happier owners, managers, and employees! Automation is one way to increase efficiency. The benefits of automation include: Eliminating…

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Successful Delegation to Drive Business Performance
 Successful Delegation to Drive Business Performance 1024 536 Rock Creek Consulting Group
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As Accountants, we like to see our Clients operating at high levels of efficiency and generating healthy profits. Many businesses invest a significant amount in human resources, including compensation, recruiting, training and benefits, so it’s important to use these resources…

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5 Ways an Accounting Function Should Create Business Value
 5 Ways an Accounting Function Should Create Business Value 1024 536 Rock Creek Consulting Group
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Business leaders rely on the accounting function for a variety of purposes. One of these is compliance, but leaders should have much higher expectations of their accounting function. Let’s look at how a multi-skilled accounting function can provide critical support…

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9 Best Practices in Hiring and Working with Subcontractors
 9 Best Practices in Hiring and Working with Subcontractors 1024 536 Rock Creek Consulting Group
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The employment environment is constantly changing… as workers consider their options and businesses look for flexible, cost-effective solutions. Let’s look at some ADVANTAGES of working with independent contractors (or subcontractors). Independent contractors help you quickly fill skills gaps in your team.…

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Business Growth Is Good! But How To Finance It?!
 Business Growth Is Good! But How To Finance It?! 1024 536 Rock Creek Consulting Group
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In business, there is such a thing as a “good problem”. In this article, we thought we’d focus on the good problems of needing financing. One example is a business that provides a good product or service in high customer…

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7 Ways to Navigate the Changing Employment Landscape
 7 Ways to Navigate the Changing Employment Landscape 1024 536 Rock Creek Consulting Group
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COVID-19 has significantly impacted employment, though the effect isn’t yet fully understood. Undoubtedly, there will be positive outcomes, like employees leaving unrewarding jobs to pursue new challenges. Likewise, some businesses will ‘rationalize’ their workforces to better serve shareholders, customers and…

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Pricing Strategy to Drive Growth and Profit
 Pricing Strategy to Drive Growth and Profit 1024 536 Rock Creek Consulting Group
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In some ways, from a financial perspective, managing a business isn’t so difficult. You grow revenue by attracting more customers or selling more to existing customers. You also try to ensure that income greatly exceeds expenses – in which case…

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Managing Costs in Accounting
Managing Costs – Best Practices in Expense Reporting
 Managing Costs – Best Practices in Expense Reporting 1024 536 Rock Creek Consulting Group
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It’s good business practice to manage expenses carefully. Even a successful, cash-rich business should be meticulous about how they’re spending money. (Often that is how they become cash-rich and successful in the first place). A business that is short of…

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