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OSYB Blog: Number Crunch!

News and Views from OutSource Your Books, LLC

Should You Buy Shares of Stock or Not?

September 17, 2013 by OSYB Staff

Why would people buy stocks in companies when they have no control? The average person has a limited amount of money to invest. So they buy what they can and what they think will yield a profit, ROI, at some point. They look for stocks that they believe will compound in value. Read more…

On Voluntarism

September 17, 2013 by OSYB Staff

It is always a good thing to give your time and your expertise to others when you can. Finding time to do this may seem tough, but if you start out slowing you will enjoy it and then you will find more time to give more. It just seems to happen. 

The Financial Accounting Foundation Has Outlived Its Usefulness (As if it Ever Was)

September 16, 2013 by OSYB Staff

The FAF, Financial Accounting Foundation, established in 1972 does not seem that it has really accomplished anything that it was intended to do. Now a decade later it seems that we are ultimately back at square one and starting over because the FAF has really not accomplished anything during this time. 

3 1/2 Creative Accounting (Fraud) in Creative Agencies

September 15, 2013 by OSYB Staff

Fraud can happen in any business. It does not have to be a large corporation for someone to figure out a way to steal. Most business owners are very busy and trust in their people. They are not always aware of the day to day finances. Read this for a few typical scenarios.

Having trouble getting paid by customers? – Try these 8 tips

September 15, 2013 by OSYB Staff

Many business owners have problems with late paying customers. This can cause cash flow problems. It is never easy to budget if you don’t receive payments when you expect them. But you don’t want to lose customers by being too pushy. Read this article for eight great tips on how to get customer to pay […]

Keys to Business Success – Not Knowing Whether you’re Making or Losing Money

September 15, 2013 by OSYB Staff

Many business owners only see their financial status once a year for annual reports. This is not enough information to know if you are making or losing money. With easy access to accounting software business owners have the option of control and knowing the status of where your financials are at any given moment. 

Expert Thrown Out After Claiming Major Report “Typos” on Cross

September 15, 2013 by OSYB Staff

Expert witness caused case to be lost upon describing process to prove defendant incorrect. He testified that he did not follow the procedures in his report, claimed that his change in story and report could be a typo. Offering no evidence of the softness of the contact lens left no case. Read full story here. 

Cash is King For Home Purchases

September 15, 2013 by OSYB Staff

All-cash purchases of homes have risen from 35-40% in July. There are a few factors that are causing this trend. A low inventory of home available for sale, home prices are increasing, and interest rates on the rise. Many investors choose to purchase in cash to avoid appraisals and other contingencies. More information.