by Jeff Heybruck, CEO, Lucrum Consulting, Inc.  I often receive questions from small business owners about bank reconciliations and whether it is important they do them. Below you will find the answer to a few of the most frequently asked questions regarding bank reconciliations.   What are bank reconciliations and why […]

It’s no secret that traveling abroad entails spending money, so it’s better if you are well-equipped to fund your itinerary. One way to have a less stressful excursion out of the country is to ensure that your finances are in order. From ensuring that your online credit card application is […]

Investing is an essential form of making passive income, as you make your money work harder for you. The goal is to save up for retirement, which is why people tend to invest in a Roth IRA. But did you know that there are Roth IRA income limits? Here is […]

Having your own office space means more financial freedom and total control of your premises. You don’t have to stress about the chances of your lease getting renewed and the possibility of changing your business location if things don’t work. You’ll generally stay away from issues of leasing a building […]

  Representatives of all five of Britain’s biggest banks have opened up and exchanged views on the state of financial services in the country. We have identified four key trends dominating the agenda of the UK’s major financial institutions: the rise of online banking, the emergence of a new generation […]

Alternative lenders are everywhere, and they’ve managed to fill a gap that traditional banks long neglected. They operate in a similar fashion to conventional banks or credit unions, but they are a bit different. Alternative lenders focus on helping small to medium enterprises and they help people who are classed […]

There are three kinds of financial industries: personal, corporate, and consumer.  Each of them is unique and changing each day. Technology is one of the influences on each of these financial industries.  Technology is changing how consumers process payments to how we understand artificial intelligence. These are only some of […]

As a business owner, you have to wear many hats. At any given point, you can be the customer service representative, website designer, marketing manager, and more. One important hat you wear is that of an accountant.  When you first start your business, doing your accounting is likely a simple […]

Unfortunately, sometimes unexpected circumstances can lead to a lack of liquidity. When this happens, you may find that your business is facing insolvency. Filing for a Chapter 11 bankruptcy can provide your business with a lifeline to stay in operations while you work on making your finances more positive. Here […]

Congratulations! You’ve been more successful than the vast majority of entrepreneurs and small business owners. Your start-up is finally starting to make some money, it’s growing larger every month, and things couldn’t be going better. Before you get lost in the excitement, you’ll need to take some measures to protect […]