Virtual BeanCounters, Inc.

Here’s our motto – Supporting small business owners with good numbers every day, helping them manage towards higher profits, healthier cash flow and more stability. Here’s my story, the story behind our motto. You see I believe that hard working small business owners are the backbone of our economy, and that they are some of [...]

When talking to business owners the topic of cash flow management frequently arises. Perhaps they have heard a radio spot commercial from a bank suggesting they may be proficient at what they do but should leave cash flow management to the professionals, and the bank’s financial products. Perhaps another accountant, CPA or CFO has told [...]

Welcome. So glad you found my blog. My name is Tim Sernett, and believe it or not my passion is small business accounting and finance.  With over 55,000 hours of experience in small business accounting and finance I certainly qualify as a Bean Counter Geek. I’m writing this blog to contribute to the success of [...]

In a previous blog I talked about “accounting literacy” for small business owners. The starting point for any business owner in attaining accounting literacy is an understanding of the basic financial statements. In the next few postings I will provide a brief explanation of the basic financial statements – income statement, balance sheet and the [...]

In our most recent blog I discussed the #1 thing you should do to improve your cash flow, which is improve your bottom line profit. In a future blog we will discuss the income statement and analyze what your business should focus on to improve the bottom line. For now let’s stay with the cash [...]

It is not uncommon to see entrepreneurs struggling with spreadsheets, outstanding payments & invoicing issues, hiring and managing administrative staff and still spending lengths of time dealing with accounting and reporting issues. In today’s hi-tech environment, businesses are generally very good at deciding which services to specialize in and which to outsource. However, finance and [...]

In a previous blog I talked about “accounting literacy” for small business owners. The starting point for any business owner in attaining accounting literacy is an understanding of the basic financial statements. Today’s post is the last of three postings providing a brief explanation of the basic financial statements, how to read them and how [...]

In a previous blog I wrote about “accounting literacy” for small business owners. The starting point for any business owner in attaining accounting literacy is an understanding of the basic financial statements. In the next few postings I will provide a brief explanation of the basic financial statements – income statement, balance sheet and the [...]

As the business owner, your level of accounting literacy may make the difference between survival and failure? I know, that’s a strong statement to lead with, but the statement especially holds true during current economic conditions. New and increased revenue is tough to come by, and preserving cash and managing cash flow is more important [...]