Category Archives: Advisory|Strategic Guidance

Internal Vs. External Accounting

A Question we often get asked is whether a business should hire an in house accounting team or outsource their accounting work. This can vary depending on the business but there are pros and cons to each option. Outsourcing With some of our clients, we see the business owners are primarily responsible for their accounting

How To Fix A Journal Entry Error?

Why Is It Important to Correct Journal Entries? Accounting is a critical aspect of any business, as it helps in recording and tracking financial transactions accurately. While the process of recording transactions can be straightforward, it is not uncommon for errors to occur. These mistakes can have a significant impact on a company’s financial records,

How Should You Think About Your Supply Chain?

Why Your Supply Chain is Important. Supply chain management is a crucial piece of a business’ success. An effective supply chain is important for various industries including manufacturing, retail, and logistics. When it is well managed, it ensures that goods and services are delivered to customers in a timely and cost-effective manner. It also helps

What Are My Retirement Plan Options?

Overview    As a leader of a successful business, you may be in the position that you are looking to create a retirement plan for you and your employees. Maybe you are looking to make sure that you have the right plan for your situation. Well, every year we help clients determine the best plan

The Death Grip of Managing Your Business (and How to Release It)

Are you a business owner with no work life balance? Are you always at work? Thinking about work? Worrying about work? The fact is, that’s no way to live your life. It’s not healthy, and what’s more, it can have a detrimental impact on your business. Sooner or later you’ll physically and mentally burn out,

Designing Your Business to Meet Your Financial & Personal Goals

Very few businesses start ‘with the end in mind’ and design it from the ground up. Most businesses grow by default with people, systems, culture, clients, numbers, habits and attitudes. If you take a good hard look at your business today, is it exactly what you want it to be? We would suggest that you

Why Forming a Mission Statement is Critical to Your Marketing Strategy

If you don’t know the answer to this question, your customers surely won’t either. More importantly, if you don’t know, you won’t be able to tell your customers why they should choose you over your competitors. Answering this simple question is critical to forming a mission statement and creating your marketing strategy. Undoubtedly when you

Key COVID-19 Stimulus Resources for Businesses

Whittaker & Company is here to help businesses affected by the COVID-19 crisis. The Association of International Certified Professional Accountants (AICPA) has released several useful resources related to programs the Small Business Administration (SBA) is administering to assist businesses during this challenging time. In the links below you will find the AICPA’s tools as well

A Simple Approach to Analyzing the Source of a Business’s Cash Crunch

The economic shock of the coronavirus pandemic is starving many businesses of cash. The crisis has radically disrupted the flow of payments that usually lubricates the interconnected world of business. Especially impacted are smaller firms that rely on revenue from a few customers to balance the books at the end of each month. A surprising