Articles Tagged - Management

Contractor Billings: Management, Strategy, & Effects on the Financial Statements

By Wiss, Posted in Construction

By Jeremy Higginson In the construction world, management is key. It takes a tenured project manager to have a successful and profitable job, so when it comes to the billing department, take a strategic approach. Now some may be asking, “Why does billing matter? Don’t contractors earn revenue regardless of how much they bill?” And that is true - Generally Accepted Accounting Principles (GAAP) state that to be accurate, the best way for a contractor to report earnings is most often the Pe... read more.

Inventory Management Systems

By Wiss, Posted in Advisory Services

By David Singletary  Are you still using Excel spreadsheets to keep track of your company’s inventory? You’ll know it’s time to upgrade when your business grows to the point where you or your people are spending way too much time inputting static data.   A good inventory management system should do the heavy lifting. Here are a few features and capabilities a good solution should offer.  Multiple costing method options -- You shouldn’t be limited to just one me... read more.

Proper Management Gets Ambitious Projects Over the Finish Line

By Wiss, Posted in Advisory Services

What could be more intimidating to a business than the prospect of launching a new ecommerce website? Or merging with a competitor? Or implementing a new business process management software solution that will touch virtually every department in the company? Lots of thoughts go through your head as you consider taking on a project that might take months or years, and will impact your company and your people for a long time to come.  Just think of the prospects of establishing goals, developing a budg... read more.

Business Process Reviews-the First Step to Positioning Your MSO or DSO for Fast

By Wiss, Posted in Advisory Services

By Carolyn Hall, CPA, MBA Business owners with an entrepreneurial spirit welcome growth without necessarily focusing on the bottom line. MSO and DSO professionals who own and operate medical and dental service organizations that are experiencing patient gains and revenue growth can often lose sight of the details that go into back-end processes. Your accounting system can be your first and most visible sign of trouble. When billing is slow or error-filled, processes are broken, locations aren’t comm... read more.

When and Why Your Business Needs a Business Process Review

By Wiss, Posted in Advisory Services

By David Singletary Have you ever really noticed a process at your business that’s been in place seemingly forever? As you take a closer look it doesn’t appear to be the best way of doing things, so you ask the logical question: “Why?” In response, your team collectively shrugs and says, “Well…that’s how we’ve always done it.” It’s time for a business process optimization review. Third-Party Overview Business process reviews are important bec... read more.

Business Leaders: Give Yourself an 85 Percent Chance of Success

By Wiss, Posted in General Business

Dr. Nick Molinaro, Ed.D., P.C. CEOs and other top business executives have it tough. We read about their challenges all the time. Sometimes they are called heroes and sometimes goats for taking actions in the face of a possible downside – or for refusing to do so. Ah, the magic of 20-20 hindsight. An accountant’s main job consists of narrowly focusing on the specific task in front of them. CEOs, on the other hand, must have the ability to shift awareness to different items perhaps several tim... read more.

Top Business Leaders Learn to Shift Awareness to Maximize Performance

By Wiss, Posted in General Business

Dr. Nick Molinaro, Ed.D., P.C. As I have explained in this previous post regarding my work as a licensed psychologist with high-level athletes, awareness and focus are critical. Those same mental skills serve the leadership skills of the exceptionally performing business leaders I work with as well. Let’s drill a little deeper into how the performance abilities of both groups align. From a psychological viewpoint, there are two types of sports – closed and open – and many top athlet... read more.

Enhancing Business Leadership and Performance Through Awareness Training

By Wiss, Posted in General Business

By Dr. Nick Molinaro, Ed.D., P.C. Successful business leaders have a skill set that includes curiosity, wisdom, courage, creativity, tenacity and the ability to lead, motivate and energize others. But one key trait—and the one that serves as the foundation of all others—is awareness. Internal and external awareness makes business leaders more sensitive to their environment and the conditions in front of them, and to how they’re perceived by employees, partners, vendors, customers and deci... read more.

Safeguarding Accounting Ethics

By Wiss, Posted in General Business

By Brian Harden Across industries, the most effective managers understand that leading by example is the best way to influence corporate culture. In the realm of accounting ethics, this concept is known as Tone at the Top. The premise is simple: Employees look to management for leadership, and odds are high that their behavior will mirror the conduct of their bosses. If managers act with honesty and integrity, employees will generally follow suit. By the same token, if workers see their superiors engaged... read more.

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