Steven J. Graber has been selected as one of Fit Small Business’s Top Accounting Consultants of 2018. Fit Small Business scoured the web looking for quality accounting consultants that have outstanding expertise, services, and credentials in the accounting industry.
Steven J. Graber, CPA, MS is the principal of Graber & Associates, Certified Public Accountancy. The firm, which was founded in July of 1993, provides complete tax services as well as financial statement preparation, financial projections, cash flow management, business valuation services and business development planning. These services are provided to a wide variety of businesses in the Baltimore Metropolitan Area.
Aside from his professional responsibilities, Mr. Graber extends pro bono assistance to numerous non-profit social and educational organizations. Steve is a contributing author of “57 Ways to Grow Your Business, Bright Ideas for Serious Entrepreneurs”.
Graber & Associates is excited to announce that we have been voted as one of the top accounting firms in Baltimore, Maryland. Three Best Rated® uses a 50-point inspection to find businesses with the best reputation, history, rating, trust, satisfaction, and more. Out of the many accounting firms in Baltimore, we’ve been selected as one of the top 3 and want to thank our loyal and happy customers for their support.
Graber & Associates was established as a full-service CPA firm to serve the tax, accounting and consulting needs of individuals and small businesses in the Baltimore area. We strive to strike the perfect balance between small, local, attentive service and professional experience and expertise. We’ve always believed that listening is the foundation of a lasting client relationship built on trust and respect. Our goal is to provide financial leadership, guidance, and advice that you can rely on to help you grow your business and become more successful. We’re so glad to see our community feels the same way.
Slow paying customers, seasonal revenue variations, an unexpected downturn in sales, higher expenses — any number of business conditions can contribute to a cash flow crunch. If you own a small business, you may find the suggestions that follow helpful in minimizing cash flow problems.
Billing and collections. Your employees need to work with clear guidelines. If you don’t have a standardized process for billing and collections, make it a priority to develop one. Consider sending invoices electronically instead of by mail. And encourage customers to pay via electronic funds transfer rather than by check. If you don’t offer a discount for timely payment, consider adding one to your payment terms.
Expense management. Know when bills are due. As often as possible, pay suppliers within the period that allows you to take advantage of any prompt-payment incentives. Remember that foregoing a discount in order to pay later is essentially financing your purchase.
Take another look at your costs for ongoing goods and services, including telecommunications, shipping and delivery, utilities, etc. If you or your employees travel frequently for in-person meetings, consider holding more web conferences to reduce costs.
Inventory. Focus on inventory management, if applicable, to avoid tying up cash unnecessarily. Determine the minimum quantities you need to keep on hand to promptly serve customers. Systematically track inventory levels to avoid overbuying.
Debt management. Consider how you use credit. Before you commit to financing, compare terms from more than one lender and keep the amount to a manageable level. For flexibility, consider establishing a line of credit if you do not already have one. You will be charged interest only on the amount drawn from the credit line.
Control taxes. Make sure you are taking advantage of available tax breaks, such as the Section 179 deduction for equipment purchases, to limit taxes.
Develop a cash flow budget. Projecting monthly or weekly cash inflows and outflows gives you a critical snapshot of your business’s cash position and shows whether you’ll have enough cash on hand to meet your company’s needs.
Don’t get left behind. Contact us today to discover how we can help you keep your business on the right track. Don’t wait, give us a call today.