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Blogs by Andy Hale


Can Your Business Finances Weather a Natural Disaster?

September 11, 2017 / by Andy Hale posted in Austin, Dallas, Business Advice

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With two major storms, Harvey and Irma, already having made landfall in the United States this hurricane season, it's a good time for small businesses to put emergency financial preparedness top-of-mind. After all, research has shown that 90% of businesses fail within a year of being taken offline by a natural disaster if they're unable to reopen within just five days.

Having spent 10 years building and implementing disaster recovery plans for several Fortune 100 companies with headquarters in Texas and offices/distribution centers throughout North America, I've seen how basic preparation can save lives, save business assets and speed up the recovery effort.  In a previous blog post, my colleague Pete Denholm, who is based in Florida, outlined the basics of a business continuity plan, such as storing financial records in the cloud.

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The Hidden Cost of Amateur Bookkeeping

April 6, 2017 / by Andy Hale posted in Austin, Dallas, Business Advice

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Just about every week I hear from someone who talks about how they save their business money by using someone other than a trained professional to keep their books. Often it's their spouse or a member of the office staff who takes on bookkeeping in addition to many other duties. Some business owners even do it themselves.

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Bookkeeping Services Best Practices | Scheduling Quarterly/Annual Bookkeeping Tasks

March 29, 2016 / by Andy Hale posted in Austin, Dallas, Bookkeeping 101

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Today's post, the final one in our Bookkeeping Services Best Practices series, looks at scheduling quarterly and annual bookkeeping tasks. If you haven't read them yet, please check out previous posts on scheduling daily, weekly/bi-weekly and monthly tasks. 

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Bookkeeping Services Best Practices | Scheduling Monthly Bookkeeping Tasks

March 23, 2016 / by Andy Hale posted in Austin, Dallas, Bookkeeping 101

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Welcome back to our Bookkeeping Services Best Practices series. So far, we've covered best practices for scheduling daily and weekly/bi-weekly bookkeeping tasks. This time, we set our sights on monthly bookkeeping tasks.

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Bookkeeping Services Best Practices | Scheduling Weekly/Bi-Weekly Bookkeeping Tasks

March 17, 2016 / by Andy Hale posted in Austin, Dallas, Bookkeeping 101

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Last week, we kicked off our Bookkeeping Services Best Practices series with a post on scheduling daily bookkeeping tasks. Now we'll shift our focus over to bookkeeping tasks that must take place on a weekly or bi-weekly basis.

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Bookkeeping Services Best Practices | Scheduling Daily Bookkeeping Tasks

March 7, 2016 / by Andy Hale posted in Austin, Dallas, Bookkeeping 101

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Adhering to timely bookkeeping practices is critical to managing a business.

Besides having the peace of mind that comes from knowing your books are up-to-date, you'll enjoy the confidence of making good decisions based on relevant data. Scheduled correctly, bookkeeping also allows you to drive your business proactively, looking ahead into the horizon rather than backwards out the rear window.

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Bookkeeping Best Practices | Resolutions for 2016

February 2, 2016 / by Andy Hale posted in Austin, Dallas, Business Advice

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I love the idea of New Years. What I like most is that it provides all of us an opportunity to look back at how things have been going (the good and the bad) as well as an opportunity to look forward to make changes to our trajectory by setting new goals. Each year I try to figure out changes I need to make to be happier, healthier, and more financially sound. I assume you do the same. Heck, there are even lists available of the top New Year’s Resolution ideas and how to achieve them should you need some assistance with personal resolutions.

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The Importance of Financial Management in the ‘Trinity of Management'

August 31, 2015 / by Andy Hale posted in Small Business Advice, Texas, Bookkeeping Services

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For all you small business owners out there, I thought you might like to learn about a useful framework for basic business management. It's called the "Trinity of Management."

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Leveraging Bookkeeping Services to Focus on Your Core Processes

August 25, 2015 / by Andy Hale posted in Texas, Bookkeeping Services

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Assuming you are not a CPA or bookkeeping services company, the recording of financial transactions including purchases, sales, receipts, and payments is likely not one of your business' core processes, but rather a "supporting" process.

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21st Century Bookkeeping Services

August 24, 2015 / by Andy Hale posted in Texas, Bookkeeping Services

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Bookkeeping has come a long way from its development in 13th Century medieval Europe, yet for too many people trying to find the best in bookkeeping services for their businesses, medieval bookkeeping reigns. One pictures a solitary bookkeeper, dressed in monastic robes, slowly logging transactions into a ledger in a candlelit chamber. 

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