Downloading a template is not the wisest thing to do for several reasons. First, it is not unique to your business. Like you have a “brand” with your business, you want to have a brand with your employees and you want to have your handbook have a look and feel that matches your culture. You...
The answer is yes! Even the smallest business of say two or more employees should have an employee handbook. Employee handbooks are critical for many different reasons. First, it’s a communication tool for the employees to know what’s expected of them. It tells them about pay cycles and other payroll matters, time off policies, hours...
I have been in the Human Resource field for over 40 years now and have worked with many employment attorneys. They are a critical part of the organization and I always tell my clients to have a relationship with an employment attorney who they can go to with any concerns they have. Employee handbooks need...
An outsourced bookkeeper who knows your business and understands your particular industry is key. They can look at your business with insight that you might miss because you are so close to your business. I know when I work with clients, I make suggestions and they say, I’ve been working with so and so for...
As I mentioned in a previous video, one of the key questions to ask a bookkeeper when you are interviewing them is “What are the core components of a proper bookkeeping process?“ The components are Accounts Receivable, that is money that is due the business. A/R consists of tracking customers, creating invoices, collecting what is...
This is a great question that I’d like to address with you today. Having a bookkeeper who knows the nuances of your business is critical. Knowing your industry will ensure the bookkeeper will know what reporting is necessary, how they can record transactions that show the true picture of the business. This enables the business...
So many times the business owner runs their business and really doesn’t think about the future. And so it’s important to take time to prepare a business, to allow that owner and their partners to exit the business. If you’re tracking your finances the right way to start with, you’re going to be able to...
Profitability is defined as the degree to which a business or activity yields profit or financial gain. I can share with you that for many years, while working for a previous business, that’s just how the owners operated. They never thought about the future, they just wanted to see money in the bank, that bills...
I love shoe boxes. Yes, that’s right and I am not talking about shoes. I’m talking about the vessels some business owners use to keep their business receipts in. If that sounds familiar to you, you need to get someone on board to assist you with getting those documents in order. Many business owners start...
I’d like to briefly speak to you about Financial Statements and why is it important to know your numbers. I have actually presented on a recent Facebook live a three-part segment on the importance of keeping track of your numbers. First, it helps you plan. And if you are not planning or setting goals, you...
Copyright by People First INC. All rights reserved. 2022
2022 Copyright by People First Inc. All rights reserved.
