Do You Have a “Splitting “Headache?

Do You Have a “Splitting “Headache?

An accountant walks into a bar . . . No, it’s not the beginning of a corny joke. It describes a visit I once made to a client. Her books were in shambles. She was bouncing checks right and left. She never had as much money in the bank as she thought she should. And...
Making Friends with Your Numbers

Making Friends with Your Numbers

Have you hesitated about rolling up your sleeves and digging into the financial side of your company? Then read on. This information will add years to the life your business—and make sense of your conversations with accountants and other trusted advisors. Let’s Start...
Outsourcing: When to Use an Outside Resource for an Inside Job

Outsourcing: When to Use an Outside Resource for an Inside Job

When people ask what NPS does, I say, “We’re the guys in accounting. All those activities that end in the phrase ‘walk it over to the number crunchers’—that’s us.” We’re an outsourced Accounting Department, from bookkeeper to controller to CFO. Outsourcing is a...
Musings from the numbers guy – WIP It Good!

Musings from the numbers guy – WIP It Good!

“It’s a work in process,” I said, as my wife stared at the partially installed and therefore fully ineffective replacement shower door. Where she saw an incomplete Honey Do project, I saw progress—small though it may be. I’ve run into similar situations when looking...
Unlocking positive cash flow – 3 simple questions to ask

Unlocking positive cash flow – 3 simple questions to ask

In my work with clients, I frequently hear some variation of “I’m working way too hard for too little money.”  Most of our clients are long past start up, so the speaker is often someone who’s running a well-established business.  The type of company that outsiders...
Gross Profit Margin – Gateway to Sustainable Positive Cash Flow

Gross Profit Margin – Gateway to Sustainable Positive Cash Flow

True story ahead. Years ago I was at a client’s office closing up the books for the month. I’ll call this client Fred to save him some embarrassment. Fred ran a successful business, with consistent positive cash flow. He had recently implemented some pricing changes...