Lucrum Consulting

Last chance to register: Webinar at Noon Today: "Contemplating Your Exit: Getting Your Finances in Order". Catch Lucrum's Jeff Heybruck as a Guest Speaker.

Webinar: Getting Your Finances in Order | VR Business Brokers of Charlotte, NC Ready to sell your business? Get your financials into the best position possible as you plan your exit. Tune in to the webinar to explore this crucial step in the selling process with active industry professionals!

Don't forget: Tomorrow @ noon Webinar with Jeff Heybruck: "Contemplating Your Exit: Getting Your Finances in Order". 100% of business owners will exit their company one way or the other. Spend the time now to get your finances in order so you're ready when the time comes.

Webinar: Getting Your Finances in Order | VR Business Brokers of Charlotte, NC Ready to sell your business? Get your financials into the best position possible as you plan your exit. Tune in to the webinar to explore this crucial step in the selling process with active industry professionals!

Catch Lucrum's Jeff Heybruck on Nov. 16 @ noon for a Free Webinar "Contemplating Your Exit". 100% of business owners will exit their business. Are your finances in order for when the time comes? Register Now!

Webinar: Getting Your Finances in Order | VR Business Brokers of Charlotte, NC Ready to sell your business? Get your financials into the best position possible as you plan your exit. Tune in to the webinar to explore this crucial step in the selling process with active industry professionals!

Should your construction business buy, rent, or outsource construction equipment? Here are 5 key factors to help you decide.

Should Your Construction Business Buy, Rent, or Outsource Construction Equipment? These five key factors will help you determine the right option for your specific situation.

There is a lot of talk these days in the media about inflation, and since it is a part of normal economic cycles it is worth exploring as a business owner.

How to plan for the impacts of inflation on small business - Lucrum Consulting, Inc. There is a lot of talk these days in the media about inflation, and since it is a part of normal economic cycles it is worth exploring as a business owner. What do we mean by inflation? It's important to note that we are not talking about hyperinflation (such as Venezuela, Zimbabwe, or 1920’s Germ...

Sometimes the best topics to discuss here are the ones we, as accountants, overlook. Recently, our marketing consultant asked us a question about capitalizing vs. expensing items he purchases, either for use in developing content or on behalf of his clients. This got us thinking: if he has this question, how many other folks have the same accounting issue?

When do you capitalize an asset? - Lucrum Consulting, Inc. Photo credit: Pickawood Sometimes the best topics to discuss here are the ones we, as accountants, overlook. Recently, our marketing consultant asked us a question about capitalizing vs. expensing items he purchases, either for use in developing content or on behalf of his clients. This got us think...

Several times a year, bankers ask us for a debt schedule on behalf of our mutual clients. This is a common request and a schedule that any prudent business owner would probably want to keep updated regardless of the banking need: it is just that helpful!

My Banker Asked for A Debt Schedule - Now What? - The Daily MBA Several times a year, bankers ask us for a debt schedule on behalf of our mutual clients. Typically, it is created either at renewal for existing debt, or when a business is seeking new financing. As indicated by the opening sentence, this is a common request and a schedule that any prudent business...

For most entrepreneurs, fast growth is the ultimate goal. Many start off with a great idea, hobby, side hustle, or like a lot of folks in the past year, enough free time to think, “what if?”. Then suddenly that fledgling business takes off and the business owner is struggling to keep up with the growth. If this dilemma sounds all too familiar, here are five basic accounting principles to help manage a fast-growing company.

5 Basic Accounting Principles Most Entrepreneurs Get Wrong - Lucrum Consulting, Inc. For most entrepreneurs, fast growth is the ultimate goal. Many start off with a great idea, hobby, side hustle, or like a lot of folks in the past year, enough free time to think, “what if?”. Then suddenly that fledgling business takes off and the business owner is struggling to keep up with the...

Congratulations! You are a small business owner and have taken the first step and started working with an outsourced, virtual CFO. Okay, now what? Well, just like starting up with a personal trainer, the first step is to discuss where the business is now and what the management’s goals are.

Virtual CFO Services: The First Thing Your Virtual CFO Service Should Do For Your Business - Lucrum Consulting, Inc. Written by Jeff Heybruck and Megan Stanton Congratulations! You are a small business owner and have taken the first step and started working with an outsourced, virtual CFO. Okay, now what? Well, just like starting up with a personal trainer, the first step is to discuss where the business is now an...

You may have heard from your CPA, CFO or bookkeeper that your Chart of Accounts could use some cleanup. But what does that mean?

A chart of accounts (COA) is a list of all the financial accounts in the general ledger of a company. As a company grows, it is possible for the COA to get a bit messy, making it difficult to follow the financial statements in a meaningful way. COA’s with too little detail can limit your ability to make decisions and track changes (and reasons for those changes). Alternatively, too much detail can become cumbersome and overwhelming, making the financial statements more complicated than they need to be.

How Do I Clean Up My Chart of Accounts? - Lucrum Consulting, Inc. Looking to clean up your Chart of Accounts? Here are a few pointers for developing and maintaining a healthy Chart of Accounts.

A good outsourced CFO can be likened to a personal trainer for your business. Many people, myself included, have a drive to do things on our own and aren’t always eager to ask for help. But a point often comes where the old methods and strategies don’t achieve the expected results.

Outsourced CFO Services – Like A Personal Trainer for Your Business - Lucrum Consulting, Inc. Written by: Megan Stanton What does a good outsourced CFO do? A good outsourced CFO can be likened to a personal trainer ... Read More