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6 Ways to Improve Cash Flow by Managing Receivables (Collections)
 6 Ways to Improve Cash Flow by Managing Receivables (Collections) 1024 683 Rock Creek Consulting Group
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All businesses should carefully monitor their cash position. Healthy cash reserves enable investment in growth, allow distributions to owners or – for some businesses – can be a matter of…

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9 Ways to Strengthen Financial Controls in a Remote Work Environment
 9 Ways to Strengthen Financial Controls in a Remote Work Environment 1024 536 Rock Creek Consulting Group
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Employing remote workers presents additional challenges related to financial controls.  Managers and employees may not believe they are at risk but studies by the Association of Certified Fraud Examiners show…

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9 Ways to Reduce IT Costs
 9 Ways to Reduce IT Costs 1024 536 Rock Creek Consulting Group
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One expense that can grow out of control in many businesses is Information Technology (IT).  Tweaking investment in IT increases performance and profitability and sometimes major cutbacks are necessary. Either…

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Reviewing Costs… to Increase Cash and Drive Profits
 Reviewing Costs… to Increase Cash and Drive Profits 1024 536 Rock Creek Consulting Group
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All businesses should review their expenses periodically.  Prudent expense management helps ensure that valuable cash resources are used wisely. And sometimes, a business may NEED TO reduce expenses as a…

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Managing High Levels of Business Debt
 Managing High Levels of Business Debt 1024 536 Rock Creek Consulting Group
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An important responsibility of leaders is figuring out how to fund business operations and growth plans.  In the best case, a business will generate enough cash for operations, growth and…

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Using KPIs to Drive Management Decisions
 Using KPIs to Drive Management Decisions 1024 536 Rock Creek Consulting Group
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Key Performance Indicators (KPI‘s) are important management tools and we encourage business leaders to use KPI’s in their businesses. What is a KPI? A KPI is a quantifiable measurement or…

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Onboarding Remote Employees
10 Tips on Onboarding Remote Employees
 10 Tips on Onboarding Remote Employees 1024 536 Rock Creek Consulting Group
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We’re seeing more businesses engage REMOTE employees and subcontractors as they try to attract the best talent, regardless of location. Remote employment presents challenges, including ONBOARDING, which means helping employees…

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Crisis Management for Leaders
Crisis Management – An Overview for Leaders
 Crisis Management – An Overview for Leaders 1024 536 Rock Creek Consulting Group
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As Accountants, we hope our clients never face a business crisis… but we also know that business is unpredictable and factors beyond our control can leave a business in dire…

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Reengineering your Business: For Profit and Sustainability
 Reengineering your Business: For Profit and Sustainability 1024 536 Rock Creek Consulting Group
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Sometimes business leaders need to fundamentally change how things are done to grow profit or just to survive. This is termed ‘Business Reengineering’. What is Business Reengineering? Business Reengineering usually…

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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…

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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…

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Delegation for Business Performance
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,…

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Accounting Creates Business Value
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…

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Man Shaking Hands with Accountant
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…

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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…

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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…

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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…

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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…

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Business Plans - Consultant's Advice
2022 Business Plans – How Can Data Guide Your Planning
 2022 Business Plans – How Can Data Guide Your Planning 1024 678 Rock Creek Consulting Group
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Business leaders recognize the value of using data to influence decision-making. This has become easier due to cloud-based accounting solutions, better analytical tools, benchmarking, and other methods. But one crucial…

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

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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
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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…

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Overview Brochure
 Overview Brochure 791 1024 Rock Creek Consulting Group
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Rock Creek Consulting Group is a full-service accounting firm dedicated to giving you the freedom to focus on your business and peace of mind in your individual financial matters. View…

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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
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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…

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5 Essential Steps to Stronger Cash Flow Management
 5 Essential Steps to Stronger Cash Flow Management 800 600 Rock Creek Consulting Group
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Watching businesses deal with current business conditions reveals that some businesses are struggling for survival while others are going gangbusters. Companies at both extremes share one priority: carefully manage your cash. Here are recommendations…

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Lessons in Leadership: How the Tough Get Going
 Lessons in Leadership: How the Tough Get Going 800 600 Rock Creek Consulting Group
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It’s not easy to lead an organization; it’s downright hard.  Nowadays, it can be incredibly challenging, but many leaders have stepped up admirably and are running thriving enterprises. There’s no…

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Brainstorm session
Brainstorming: Harvesting Brilliant Ideas for Your Business
 Brainstorming: Harvesting Brilliant Ideas for Your Business 1000 400 Rock Creek Consulting Group
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Great businesses and projects start with an initial idea. BRAINSTORMING is the process of developing ideas which can be implemented in successful businesses. Occasionally, brilliant ideas can ‘just happen’.  But…

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Getting the Most from Your Financial Statements
 Getting the Most from Your Financial Statements 1000 400 Rock Creek Consulting Group
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What Best Practices should you follow when conducting a Financial Review to ensure your decision-making is based on a thorough understanding of your business? This article provides pointers to help…

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Business owner
What Is Your Business Worth? (And Why It Matters)
 What Is Your Business Worth? (And Why It Matters) 1000 400 Rock Creek Consulting Group
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Building a business can be a long, challenging process. One way to assess how you are doing is to VALUE your business… and then try to grow that valuation. This…

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Managing Cash Flow Through Scenario Planning
 Managing Cash Flow Through Scenario Planning 1000 400 Rock Creek Consulting Group
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In an uncertain business environment, staying on top of future cash needs is challenging… but essential. Scenario planning is one way to reduce risk and overcome uncertainties.   What is…

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Using Human Resource Data to Support Business Decisions
 Using Human Resource Data to Support Business Decisions 1000 400 Rock Creek Consulting Group
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Employees play a critical role in the success or failure of a company. Not surprisingly, management tries to create a positive environment for the team. Some leaders say they can…

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People Sales Transaction
When is the Right Time to Sell Your Business?
 When is the Right Time to Sell Your Business? 1000 400 Rock Creek Consulting Group
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When is the right time to sell your business? We hear replies ranging from “I don’t plan to sell my business” to “I’d sell it yesterday if I could!” One…

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Sales Tax – The next tax reform
 Sales Tax – The next tax reform 1024 683 Rock Creek Consulting Group
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You know how you can buy something online and not pay sales tax? Well, that may become a thing of the past because on Friday, the Supreme court announced that it…

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How your small business can afford a Chief Financial Officer (CFO)
 How your small business can afford a Chief Financial Officer (CFO) 1024 683 Rock Creek Consulting Group
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As a small business owner, you may never have thought of hiring a Chief Financial Officer (CFO). You may have a Bookkeeper and/or a CPA who files your taxes, but when is…

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Why you should hire a QuickBooks Certified ProAdvisor
 Why you should hire a QuickBooks Certified ProAdvisor 1024 508 Rock Creek Consulting Group
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You may be wondering “what the heck is a QuickBooks Certified ProAdvisor?”  Sounds like someone who may know a thing or two about QuickBooks right?  Well, turns out that’s exactly…

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When are meals 100% deductible?
 When are meals 100% deductible? 1024 683 Rock Creek Consulting Group
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When are meals 100% deductible?   In general, you can deduct half of the cost of meals incurred for business purposes. However, did you know that you might be able…

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Moving this summer? Tips to help you deduct the expenses.
 Moving this summer? Tips to help you deduct the expenses. 275 183 Rock Creek Consulting Group
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Summer is here! When I think of summer my head fills with visions of backyard barbecues, swimming, long hot days, and of course… moving. By far, summertime is the busiest…

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How to link multiple credit cards in QuickBooks Online
 How to link multiple credit cards in QuickBooks Online 1024 640 Rock Creek Consulting Group
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How do you link multiple credit cards in QuickBooks Online? One of the neat features with QuickBooks is that you can link your bank account or credit cards so that…

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