ProfitCents

We recently began offering ProfitCents to our clients.  ProfitCents automates the preparation of KPI reports.  I am very pleased with the results.  With ProfitCents, my clients are getting a report that speaks in plain language and provides something that would take me days to generate on my own.  The KPI's and benchmarking are unbelievably invaluable in providing relevant information specifically tailored towards my clients financial performance.  

We offer a free sample report based upon actual data.  Request one here.

ProfitCents

ProfitCents

Trust - The Hallmark of Good Business

Business is about managing risk.  Risk of failure.  Risk of an uncollectible account.  Risk of falling demand.  Uncertainty begets risk.  It also creates opportunities.  We manage risk in many ways.  One is to deal with people we trust.   As a noun, trust means reliance on the integrity, strength, ability, surety, etc, of a person or thing; confidence. 
Placing trust in a person or business is one way to minimize risk.  We have all been in situations where we compared bids or proposals and went with the person or company we were familiar with because we trust their work.  A trusted advisor can help minimize risk by providing objective advice.
Trusting someone else does minimize risk of failure, but it creates different risk.  The business section is filled with stories about people who have abused the trust placed in them.  Of course, most people won’t embezzle or misrepresent anything, but some unsavory practices are entirely too common.  How can you minimize the risk of foul play?  You need to find someone with proven character the same way you’d find someone with proven skill.
We at Clear Financial Solutions pride ourselves on our integrity.  We make our processes and billing transparent, and we’re always glad to explain how and why we did something if you have a question.  We won’t force you to use a more expensive service just so we can collect a higher fee.  We like to do honest business with honest people.
Contemporaneously, Trustworthy means deserving of trust or confidence; dependable, reliable. 
Trust is about more than dependable skill.  It’s also about dependable ethics. 
Is your current provider worthy of your trust?  Will they look out for your interests, in good and bad times, above their own? 
We believe the staff and principals at Clear Financial Solutions exhibit these characteristics, just as a good Scout would. 

Key Performance Indicators - Unlock Your Company's Potential

I have been writing a series of articles about the importance of measuring performance.  It is increasingly difficult to cut through the information and distractions that bombard business owners during the day.  Between email, text messages, phone calls and troubleshooting, it is hard to find time to actually run a business!
How can you keep track of how your business is doing on top of all that?
KPI and Benchmarking can help.
Wouldn’t you like to be able to see – literally look at an image and see that your business is growing the way it should be?
Using a defined set of key ratios, a graphical picture of a business can be presented on a regular basis.  We can provide customized reports focusing on these key indicators and compare them historically and to others in your industry.  In addition, our consultants can provide guidance and interpretation of the results.
We have developed a couple of reports to show you the power of this tool.  Take a look at them.
What have you got to lose?
Let us show you how to focus on the important aspects of your business.  Contact us today and receive a free sample report on your business.

How To Pay Less Tax on a Company Sale

How To Pay Less Tax on a Company Sale

Simple English - Simply Better

I was glad to read an article by Kathleen Hoffelder recently about a growing trend in financial reporting.  Plain English is finally taking its place as an approved language for use in financial statements.  If you're going to say something, make it easy to understand.  Even though you may know what you're talking about, if your audience doesn't, you're not helping anybody.  I've made it my business to make accounting and finance easier to understand for years.  That's why I called my company Clear Financial Solutions.  I'm glad that the American Institute of CPAs is actively saying this now.

In Miss Hoffelder's article, Brian Lane, former SEC director of the division of corporate finance, is reported to talk about the Management's Discussion and Analysis section as being the worst offender.  It's suggested that executives want to assure everyone that they know what they're talking about by making it difficult to know what they're talking about.  In addition, lawyers like to use language that often makes it even more difficult to understand the MDA section. I think it’s important that users be able to understand what companies are doing and what their plans are for the future. I fully endorse the efforts of the SEC to encourage the use of plain English in public filings.