Monthly Archives

February 2016

News
February 24, 2016

Your accounting software should be a many-splendored thing

You’ve probably heard the song, “Love is a many-splendored thing.” Well, your company’s accounting software should be, too. That is, you’ve got to make sure your system does all of the big and little things…
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News
February 23, 2016

4 ways to cut costs and improve cash flow

When business owners start to feel the choking effect of a slow cash flow, they often blame their customers. “Why aren’t we getting paid on time?!” But it’s important to remember that cash flow is…
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Winter 2016 Financial Lending Notes
February 12, 2016

Managing Portfolio Credit Risk – Has Your Bank Defined Its Risk Appetite?

In their analysis of the root causes of the financial crisis, banking regulators determined that one of the main problems was the fact that many banks had not appropriately defined their risk appetite. As a…
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Winter 2016 Financial Lending Notes
February 12, 2016

The Importance of Sound Commercial Lending Policies

“It’s like deja vu all over again.” This famous Yogi-ism often attributed to baseball Hall of Famer Yogi Berra might be appropriate to describe what’s going on in some segments of commercial lending today. As…
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NewsWinter 2016 Financial Lending Notes
February 12, 2016

Why BSA Compliance Is Critical Today

In a recent survey conducted by the Risk Management Association to determine the biggest challenges faced by community banks, complying with the Bank Secrecy Act (BSA) was at the top of the list. This is…
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News
February 11, 2016

Is it time to get accountable with your employees’ expenses?

Many companies start out, and get pretty far down the road, using the “per diem” approach when reimbursing employees for lodging, meals and incidental expenses. Doing so involves the use of either IRS tables or…
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News
February 4, 2016

The tragic tale of a troubled business succession

It’s a tragic tale that plays out in many businesses across the country. The owner of the company believes he’s finally ready to trigger his succession plan and retire. So he names his daughter as…
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