by Mark Porter, Dienamic MIS Software Inc. Controlling your cash is vital in today's economy, but you also are probably understaffed and overworked – a perfect combination that can lead to missing items, which can greatly affect your cash flow. Therefore, it is vital to have checks and balances built into your operations that will help avoid bad customers, missed charges, … [Read more...] about Cash is King
Financial Strategy
Advantages to Equipment Financing
by Alexandra Myers, Direct Capital Despite the recent decline in commercial printing volumes, the art of commercial printing is far from dead and gone. According to an IBISWorld Global Commercial Printing research report, industry revenue is forecasted to grow in the next five years. But, what are the challenges facing the commercial printing industry? Two printing … [Read more...] about Advantages to Equipment Financing
The Splurge/Save Strategy
by Trish Witkowski, foldfactory.com I'm coming up on my second decade of intensive folding research. That doesn't seem possible to me when I think about it, but then I look at the collection I've amassed and think, "Yeah, I guess that's about 20 years worth of stuff." When you study something for a long period of time, once in a while all of the random thoughts and … [Read more...] about The Splurge/Save Strategy
Get the Most Out of Chargeable Extras
by Mark Porter, Dienamic MIS Software Inc. When was the last time you produced a job without any changes? Are you capturing the revenues for these legitimate extra charges, or are they falling through the cracks? If you're not gaining more revenue, then you should at least be avoiding costs. If a job is changed during production and you did not collect the extra revenue for … [Read more...] about Get the Most Out of Chargeable Extras
Tax Foundation Ranks Best States for Business
Wyoming, Florida and Indiana rank among the 10 best states for taxes on business, while companies in states like New York, New Jersey and California must struggle with the worst tax codes in the country, according to the newest edition of the Tax Foundation's State Business Tax Climate Index. Several states have moved in the rankings since last year, with Texas dropping out … [Read more...] about Tax Foundation Ranks Best States for Business
Creating Energy Efficiency in the Bindery
by Melissa DeDonder, The Binding Edge When it comes to energy efficiency, suppliers and binderies often take different paths to arrive at the same conclusion. For suppliers, the newest technology provides a range of energy efficient features that can be a selling point for some industries. For an industry rooted in tradition, such as the binding and loose leaf industry, … [Read more...] about Creating Energy Efficiency in the Bindery
Payroll Systems Can Help Determine ACA Responsibilities
by Marsha Oliver, CPA, Mize Houser & Company P.A. UPDATE: Obama Administration Delays ACA Employer Mandate The Obama Administration on July 2 announced a one year delay of the employer mandate portion of the Affordable Care Act, which had been scheduled to take effect on Jan. 1, 2014. Read more ... While most businesses hoped the Affordable Care Act (ACA) would … [Read more...] about Payroll Systems Can Help Determine ACA Responsibilities
Solar Panel Installation at Spiral James Burn
by Jen Clark, The Binding Edge A solar-powered renewable energy management solution at Spiral James Burn is expected to help lower building operating costs and reduce the company's carbon footprint at its corporate headquarters in Totowa, NJ. The project - an installation of about 3,500 solar panels - is the largest roof-mounted installation in northern New Jersey and will … [Read more...] about Solar Panel Installation at Spiral James Burn
Job Costing: Know Your Costs, Know Your Profits
by: Mark Porter, Diemanic MIS There is a simple equation in business that must be followed: PROFIT = SALES - COSTS If a business doesn't know its costs, then how can it know its profits? In good economic times, companies must know their costs to maximize profitability. In tough economic times, they must know their costs to survive. These days, understanding true costs … [Read more...] about Job Costing: Know Your Costs, Know Your Profits
Financial Metrics for Managers
by: Gerry A. Michael, CPA, CMA, MBA It's pretty clear that this is not a "happy time" in the graphic arts industry. We've seen the economic climate this bad before, but knowing that things have been worse before is little consolation to a company in the midst of the battle now. The simple fact is that in the next few years, a lot of companies in the industry are likely to be … [Read more...] about Financial Metrics for Managers