Top 5 Reasons Why a Small Business Should Do Bank Reconciliation Small businesses are always strapped for cash and are looking for ways to manage it better. Cash is vital for operating as well as growing a business. What if I told you that there is a simple way to track cash flows. You can do this by preparing a monthly bank reconciliation statement. What Is Bank Reconciliation? Bank reconciliation is the process of comparing the transactions in accounting ledgers and the entries in the bank statement. Here we verify every entry to ensure that the amounts match. If there…
First and foremost, I want to acknowledge our team member, Rebecca Del Secco, who was a top five finalist in the Employee of the Year category at the Business Excellence Forum and Awards (BizX). BizX is a global event with speakers like Seth Godin and Marcus Buckingham taking the stage.   Tons of applications are received by BizX each year, and REBECCA DESERVES A HUGE CONGRATS for being selected as one of America’s top five employees in the nation!!!   ==   Now that the confetti has settled, let’s discuss allyship.   Allyship is an important factor in creating…
My wife’s grandmother was a very wise woman, but her type of wisdom didn’t come from Harvard or Yale. She had the rare wisdom that only comes from growing up on a farm in the Midwest. Wisdom that can be turned into tips for building wealth no matter where you live. Her type of wisdom is in short supply today! One thing you learn from farming is that Mother Nature determines the cycles and you can either work with ‘em or quit farming. Crops were planted in the spring as the ground warmed and rain was plentiful. The extra daylight…
BY ANNE TYLER HALL AND ERIC SCHILLINGER  Cybersecurity has become a daily struggle for businesses. In the last decade, cybersecurity breaches soared, with companies like Capital One having more than 100 million individuals impacted.  The unprecedented technological challenges caused by the global pandemic have exacerbated the cybersecurity vulnerabilities of employers, many of which already struggled with unprotected data issues and weak cybersecurity practices. Even in a post-pandemic business environment, it remains imperative that companies employ best practices for cybersecurity awareness, prevention, and security as a part of their culture.  These cybersecurity practices extend beyond general business transactions…
Recent Cyberattacks The Colonial Pipeline ransomware attack has been devasting.  Long lines at gas pumps, sudden oil and gas price increases, intense media attention, and heavy involvement from the U.S. executive branch. This should be a surprise to no one. Ransomware attacks and cyberattacks in general are only becoming bolder and more expensive. Remember the attempted poisoning of the water supply in Oldsmar, Florida? How many municipalities audited their water systems for cyber risks or added budget to protect their infrastructure?  The news cycle was short lived, and everyone moved on Attacks on school and hospitals have accelerated,…
On April 12, 2021, the U.S. District Court for the Middle District of Pennsylvania granted a defendant-employer’s motion for summary judgment on a SOX whistleblower retaliation claim, holding that the company demonstrated that it would have terminated Plaintiff’s employment even in the absence of any alleged protected activity as part of a broad reduction-in-force (RIF).  Wickens v. Rite Aid Hdqtrs. Corp., No. 19-cv-02021. Background Plaintiff, a former in-house attorney at the company, allegedly learned in early 2017 that several vice presidents sold their stock in the company shortly before a merger with a competitor was publicly announced, and internally…
Starting at the age 60, studies have shown people may begin experiencing a decrease in their financial literacy score by one point per year. From cognitive impairment to medication problems, it doesn’t take much for everyday expenses and unpaid bills to cause financial trouble. Whether your aging parents are displaying signs of impairment or you’re just worried they can’t keep up with their finances, here are a few signs that might signal your loved ones are struggling. Forgetting to Open Mail Taking a look around your parents’ home is a good place to start. Do you notice stacks of unopened…
You need leaders in your organization. Ideally, everyone should be a leader.  Leadership isn’t about getting to the top — it’s about taking responsibility for your company’s vision. It’s about aligning yourself with culture. It’s about doing the right thing. Defining “The Right Thing” You can find a lot of pat advice about how to develop and nurture employee leadership skills. A lot of it is good advice. The problem here is overgeneralization. When I approach leadership coaching, it’s always from specifics up to general practices. The practices that work are the ones you’ll develop specifically for your organization. General…