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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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Pricing Strategy to Drive Growth and Profit
Pricing Strategy to Drive Growth and Profit 1024 536 Rock Creek Consulting Group

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 profits are high! Simple, right? But what’s missing from this analysis? Let’s talk about pricing,…

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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

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 cash or is forecasting losses needs even closer oversight. Enter the humble Expense Report, one of…

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