Budgeting the Right Way: Build Your Budget from the Bottom Up

In this episode of Financially Fit Business, I cover part six of the seven steps to financial fitness: budgeting. I explain why traditional top-down budgeting often leads to disappointment and how building your budget from the bottom up, starting with your unit of revenue, creates a clearer and more realistic financial plan. I also share how I use budget-versus-actual tracking to guide decisions throughout the year, not just review numbers after the fact.

Listen To My Other Podcast Episodes

Safer Accounts Payable Payments for Your Clients

Could your clients reduce payment fraud, simplify accounts payable, and even earn rebates? Max Almerico explains what CPAs and bookkeepers should watch for.

The Future of Accounting: Will Your Firm Adapt?

What can buggy whip manufacturers teach CPAs about AI? Ruth King explores why accounting firms must rethink their value and consider advisory services.

AI Disclosure for Tax Professionals: IRS Guidance

In this episode, I continue my conversation with Les Brown about responsible AI use in tax practice, including how to disclose AI use to clients, verify the work, protect client data, and rethink pricing.

Is AI Changing How Accounting Firms Should Price Their Work?

As AI makes accounting work faster, does hourly billing still make sense? Les Bryson explains the case for fixed fees and predictable pricing.

IRS AI Guidance: What Tax Professionals Need to Know

Using AI in tax work brings new responsibilities. Les Bryson explains what tax professionals should know about verification, workflows and protecting client data.