Allen Bostrom – Universal Accounting

The accounting system and the people who run it are tremendous assets within a business. The accounting function is powerful in helping any business operator and department manager understand what is happening within the business.

Whether you are a small business owner or the accountant of a small business, or both, it is important to realize that nothing happens until you make a sale!

An associate of mine once took over the management of a car dealership that was really having some financial difficulty. In order to generate more cash, he sold one of the product lines to another company. It raised a lot of immediate cash. Then, after reviewing the accounting statements, he realized that this particular product [...]

Google, watch out!  You may have hell to pay!

I have always had a passion for business. I enjoy working with company owners and managers in improving their businesses, but I am often astonished at how little they know about their own companies.

I recently read an article authored by a well-known writer, we’ll call him Bob, wherein it was stated that a home is a liability not an asset.  Later, in a discussion with an associate, I understood that this is a rather controversial topic particularly among accountants.  As an accountant, I want [...]

Every business is going to receive a complaint from time to time.  Even Disneyland®, The Happiest Place on Earth, receives complaints.  So, receiving criticism does not make a company bad or a scam.  Instead, it’s how the business responds to the grievance that makes the difference.

The other day, I was rummaging through some of my father’s old business materials, and ran across an article that he wrote that is just as powerful and needed today, as it was two decades ago when he wrote it. In fact, with competition the way it is today, I have to say that [...]

There’s no question, that the great employees I have the privilege of working with every day, are the reason for our Company’s terrific growth.

Have you been “tweeted”, “friended” or “connected with”  lately?  If so, you understand the latest in social media among business owners.