Newsletter Blog

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

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 services sold to your customer. Understanding and incurring bad debt is part of doing business……

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Automating your Business: 11 Focus Areas
Automating your Business: 11 Focus Areas 1024 536 Rock Creek Consulting Group

  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 or reducing hours spent on repetitive tasks to improve productivity Making processes cheaper, faster, and…

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Successful Delegation to Drive Business Performance
Successful Delegation to Drive Business Performance 1024 536 Rock Creek Consulting Group

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 wisely. One thing that prevents leaders from getting the most from their teams is the…

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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

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 to enable the best outcomes. Objective 1: Business Decision-making (Management Accounting) In this case, Accountants…

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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

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. They enable business growth without taking on employee costs such as taxes, benefits, training, onboarding,…

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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

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 demand. The business needs to produce more and invest in marketing, sales, and customer management.…

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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

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 employees. One thing won’t change. Most businesses will still need people to complete certain work. And…

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Managing Your Business in an Inflationary Environment
Managing Your Business in an Inflationary Environment 800 600 Rock Creek Consulting Group

Many businesses are facing increased costs. This isn’t necessarily a new business challenge, but the COVID-19 pandemic and other worldwide factors are driving significant and unpredictable “price spikes”. Let’s look at what business leaders should think about so they can manage their business during this inflationary time. First, what’s driving these changes?  Here are some…

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Remote Work: The Impact and What Leaders Can Do
Remote Work: The Impact and What Leaders Can Do 1000 400 Rock Creek Consulting Group

There’s a lot of talk about the impact of ‘remote work.’ Recent studies claim that workers are leaving jobs at much higher rates than normal. Some say that one-quarter of US workers are preparing to look for new employment opportunities. The number may be greater (up to 40%) in the global workplace. This has been…

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6 Ways Leaders Inspire Change (in Challenging Times)
6 Ways Leaders Inspire Change (in Challenging Times) 800 600 Rock Creek Consulting Group

Humans are adaptable. That’s how we’ve survived for a long time! No surprises, then, that people have quickly responded to COVID-imposed changes, like complying with lockdowns, wearing masks, or working from home. However, sustaining these changes for a long time is much more challenging. The problem gets more complex because we don’t know how long we’ll…

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