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Read Lil Roberts’ News Articles, and Practical Articles Applicable to the Profession. See Today’s News.

News

Business Owner Reviewing Mid Year

The Mid-Year Financial Checklist Every Business Owner Should Complete

Half the year is behind you. Now is the time to evaluate your financial performance, identify opportunities, and make adjustments before year-end. Many business owners don’t review their numbers until tax season. By then, opportunities to improve profitability, reduce taxes, and strengthen cash flow may already be gone. A mid-year financial checklist and review helps…

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Multi Unit Franchise

How Multi-Unit Franchise Owners Can Standardize Their Financial Back Office Before Growth Creates Chaos

As franchise owners expand into multiple locations, operational complexity grows quickly. What worked when managing one location often becomes inefficient at five, ten, or twenty. Many multi-unit franchisees find themselves facing a common challenge: every location is generating financial data, but no one is looking at it the same way. Bookkeeping processes vary. Reports look…

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AI in Accounting

Why ChatGPT, Claude, Gemini, and Other AIs in Accounting Still Fall Short

Artificial intelligence has changed how businesses operate. Tools like OpenAI, Anthropic, and Google can summarize documents, generate reports, analyze trends, and answer complex questions in seconds. Many business owners are now asking a bigger question: Can large language models handle bookkeeping and accounting too and is AI in accounting accurate? The answer is more complicated…

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SBA Loan Limit Doubled

Big News for Small Businesses: SBA Doubles Loan Limits to $10 Million

At Xendoo, our mission is to give small business owners the financial clarity and speed they need to scale. That’s why we’re excited to share a major update from the U.S. Small Business Administration (SBA) that could change the trajectory of your growth strategy. Starting July 4, 2026, the SBA is doubling its cumulative loan…

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Franchise financial reports

The Importance of Unified Franchise Financial Reporting

As franchise systems grow, financial complexity grows with them. One location may be operating efficiently with strong margins and controlled labor costs. Another location across the same franchise network may be overspending on inventory, carrying higher supply costs, or struggling with profitability. Without strong franchise financial reporting, those differences often remain hidden. Many franchisors receive…

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small business loan

Why Strong Revenue Alone Does Not Guarantee a Small Business Loan

Many business owners assume that strong revenue automatically improves their chances of securing financing. Revenue helps open the conversation, but lenders look much deeper before approving funding. A business can generate significant sales and still face delays, reduced approvals, or additional underwriting requests due to inconsistent financial reporting, outdated books, or unclear cash flow visibility.…

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