5 Reasons Why Accrual Accounting Is Beneficial

Accrual Accounting is Used Because of Its Benefits As a business owner, experiencing growth can be a double-edged sword. Why? When your business growth experiences an increase in revenue and profits, your bookkeeping can quickly become complicated. You may need to consider changing the way you handle your money. Most small…
Tulsa Accounting Services

Preparing Now for Open Enrollment 2022

At LUXA, we want to educate and empower CEOs and business owners to make wise choices when it comes to Open Enrollment 2022 – choosing health care options that benefit both their employees as well as their budget. Health care is one of the greatest expenses of any small to mid-sized…
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5 Best Online Bookkeeping Courses for Small Business Owners

Whether you are an MBA graduate or you have never been in a business class, the early days of starting a business will involve a huge learning curve. Unfortunately, this is a season of life where you have little spare time and even less money to spend on self-improvement. After all,…
Bookkeeping in Tulsa

3 Ways Poor Performance Affects Your Team

Why is my team not performing well? What happened to the morale? Where did the success go? Do you find that you are asking yourself any or all of these questions? If so, you may have a poor performer lurking in the group. Poor performance by a single contributor can greatly…
Tulsa Outsource HR

5 Differences Between Bookkeeping & Accounting

Bookkeeping and accounting are two critical aspects of business operations in any industry. Both of these roles help business owners and CEOs keep track of expenses, make informed business decisions, and potentially avoid serious issues such as fraud and embezzlement. While bookkeeping and accounting are very similar in their functions, there…
Outsource Accounting

6 Management Skills to Reduce Conflict in the Workplace

Increasing Productivity in the Workplace It is no secret that conflict within the workplace creates tension. Many times, this tension reduces productivity. Research shows that 70-80% of all conflicts in organizations stem from strained relationships between employees. The typical manager or supervisor spends approximately 20% of their time dealing with conflicts…
Tulsa Outsourced HR

Be PROACTIVE vs. REACTIVE in Your Back-Office Systems

At LUXA, we know that the most effective and efficient way to achieve success in business is by establishing proactive habits. When you are simply reacting to situations in which you find yourself, you often lack control. Because of this, outside forces are influencing the trajectory of your business. However, by…
Accounting, Bookkeeping, HR and Payroll Services Tulsa Oklahoma
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How to Reconcile Your Accounts in 8 Easy Steps

If you run or operate a small business, it is your sole responsibility to maintain the financial health of your company. To do so effectively, certain bookkeeping and accounting activities must be performed – especially at the end of the month. From employee payroll to budgets and expenses – your dollars…
Tulsa Outsource Accounting

The Importance of Reviewing Your Month-End Closing Process

As we wrap up another month, we wanted to note the importance of month-end closing procedures and how they impact business finances. Businesses that put into practice this type of accounting activity vary from large corporate multi-tax ID entities to mid-size companies. A month-end closing process is key to ensuring that…
Tulsa Accountant

Stay Ahead of the Pack! Sharpen Your Competitive Advantage

You’re very good at what you do! It’s why you’re successful in business. However, let’s not be naive about your successful business. Unhealthy habits, competitors, and hackers lurk in the night. They don’t want you to succeed. You’ve got to be intentional to stay ahead of the pack — to sharpen…
Tulsa Payroll Services
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