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Sayre Advisory and Consulting Services, Denver, CO (2026)

08/10/2025

The Colorado Economy remains quite sound and strong. So, continue to have humble confidence. This is experienced perspective from us intelligently working, knowledgeable, and values-based accountants.

Keep living a balanced, healthy, and quality life.

Enjoy what you do.

06/04/2025

Thank you to each individual and private industry client who relies upon Sayre Advisory and Consulting Services for handling their accounting, bookkeeping, and tax needs.

My first two professional career decades of leading in these aforementioned financial fields have been enlightening and quality.

You can count on me always remaining a knowledgeable man that exemplifies only the highest integrity and values.

05/01/2025

Mr. Franklin Garcia has been doing great running Tony Garcia Installations, now. It remains an honor working with the family as we supportively transition down this quality privately-held Company from one generation to another. It is, also, how we handled Dana Kepner Company, Inc. when Wayne Johnson retired. Subsequently, Deron Johnson, his son, and David Wickett began guiding operations well.

Succession planning will always be my professional accounting career leadership style. People are any organization's most valuable asset.

I continue staying busy handling all that I do. I appreciate every firm client.

01/14/2022

The accounting department is the most vital part of every business. Without following reliable accounting best practices, a business can and will crumble. Frankly, our economy couldn’t survive without accountants. The US Department of Labor has projected that there will be 1.5 million accounting jobs in the US by 2026, which is an increase of about 10% per decade.

For all of its importance, the accounting department, including Accounts Payable and Accounts Receiving, is also one of the most singularly complex branches of any business. Rife with complicated and interdependent processes, as well as various stages of involvement and approval from other departments and managers, it's easy to see how accounting can become bogged down.

When accounting processes aren’t running as smoothly as they could be, the issue should ALWAYS be addressed – after all, your financial department is what helps you get the money your business deserves for the hard work and quality service or product provided!

The most cohesive and effective accounting departments follow a set of best practices – standards that help them to make the most of the team that they have. Skill sets are utilized, grunt work is minimized, and work is done the smart way. All of this means higher job satisfaction and higher productivity.

Here are four accounting tips that are proven to make your accounting department more effective:

Always Process in Batches

For better time management, process checks in batches. Rather than processing every check request or Accounting Batch Processing.jpeginvoice or reimbursement request as it comes in, decide on a certain time of the month that you’ll process these. Depending on the needs of your business and the quantity of requests, you might decide on two or three dates throughout the month.

Once you decide, make sure you give these date to anyone who might request a check from you. Making this schedule available to the rest of the company will help prevent excessive “emergency” check runs and reimbursements, which can take up a lot of your team’s time.

Make Rigid Deadlines

Most accounting teams have strict guidelines in place for the rest of the company to follow regarding submitting invoices and adjustments. It’s a good idea to have rules, but that doesn’t mean that they will be followed.

Accounting Deadlines

When others don’t turn in their invoices and requests on time, it’s much more difficult, if not impossible, for the accounting team to meet their own deadlines. This can result in upper management coming down on the accounting department, even though it’s not really their fault that processes are being held up.

What’s the solution? Start by taking a look at your current deadlines, if you already have them in place. (If not, it’s time to set some up.) Determine if they’re working for you or not, and how they could work better. Once you’ve decided the best schedule for your organization, make sure everyone knows what the policy is. Make frequent announcements as deadlines approach, giving all departments the opportunity to submit their documentation. If the problem persists, go to executive management to make them aware of the issue and who the repeat offenders are, so they can intervene.

Use the Software You Have

Chances are, your organization has some sort of electronic bookkeeping program in place. Maybe it’s not the latest, greatest software that can do everything for you, but chances are, it could be saving you time and money.

Accounting Software

No matter how strong it is, resist the urge to crunch numbers outside of the software. It’s there for a reason, and doing the work manually defeats the purpose. If you’re unsure of how to get the system to do what you need it to do, look into getting a trainer who can teach you how to make it work.

Even better, if you can find documentation on what the software is supposed to do, you’ll be able to assess its performance. If it’s not meeting your needs as promised when it was purchased, contact your representative to figure out how to make that the case. After all, if your organization is paying for it, you might as well be using it.

Review Your Processes

No matter how good your process was when it was initially set up, it must be re-examined from time to time. A process review should take place on two fronts. First, the accounting department should internally assess if processes are still ideal for how the accounting department wants to be operating and interacting with others within the organization.

Accounting Process

Second, consider how your process is working from the perspective of other departments. Ask other departments to tell you honestly if they feel that some steps are a waste of their time, or if they have ideas for how their pieces of the accounting process could be improved upon. Remember, they have a different perspective and could have valuable insight to offer.

Review your process at least once a year to assess whether or not it’s still effective. An annual process review can provide insight into the weak points of your business or department, especially if you invite a process expert or consultant to participate who can view things objectively.

01/01/2022

Thank you, Tony Garcia Installations (TGI) Home Improvements, regarding relying upon me as a part-time CFO to handle your accounting, bookkeeping, financial reporting, reconciliations, and taxes.

I highly recommend them for flooring needs. This quality Company services both commercial and residential properties.

They know their industry well.

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12/16/2021

Best Practices (Standardization)

Standardization is achieved by setting generally accepted guidelines with regard to how a product or service is created or supported, as well as to how a business is operated or how certain required processes are governed. The goal of standardization is to enforce a level of consistency or uniformity to certain practices or operations within the selected environment.

An example of standardization would be the generally accepted accounting principles (GAAP) to which all companies listed on U.S. stock exchanges must adhere. GAAP is a standardized set of guidelines created by the Financial Accounting Standards Board (FASB) to ensure that all financial statements undergo the same processes so that the disclosed information is relevant, reliable, comparable, and consistent.

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10/30/2021

This was compiled and written by me regarding more best practice techniques.

Forecasting is a common statistical task, where it helps to inform decisions about the scheduling of personnel, production, transportation, and also provides a comprehensive guide to important long-range strategic planning. Its primary objective is to best minimize estimates, and is a separate topic from goals and planning. They are entirely different concepts.

Forecasting

Predicting the future most accurately, given all of the information available, including historical data and knowledge of any future events that might impact the projections.

Goals

What you would like to have happen. Goals should be linked to forecasts and plans, but this does not always occur. Too often, goals are set without any plan for how to achieve them, and no forecasts for whether they are realistic.

Planning

A response to forecasts and goals. Planning involves determining the appropriate actions that are required to make your forecasts match your goals. Forecasting should be an integral part of the decision-making activities of management, as it can play an important role in many areas. Modern organizations require intricate, thorough short-term, medium-term, and long-range forecasts.

Three Forecast Types:

Short-term

Necessary for the scheduling of personnel, production, and transportation. As part of the scheduling process, forecasts of demand are often also required.

Medium-term

Utilized to determine future resource requirements, in order to purchase raw materials, hire personnel, or buy machinery and equipment.

Long-range

This notion is also known as Strategic Planning. Such decisions must take detailed account and inventory of capital, environmental factors, infrastructure, internal resources, and market opportunities. An organization needs an approach that incorporates scenario analysis considerations to establish what is best to validly predict any uncertain events. Such forecasting systems require the development of expertise in successfully anticipating problems, applying a range of methods, selecting appropriate formulas, and evaluating and refining procedures. It is also important to have strong organizational support for the use of formal techniques to fully develop and use them successfully.

08/22/2021

Relevance and reliability are the two primary qualities that make accounting information useful for decision making. Subject to constraints imposed by cost and materiality, increased relevance and increased reliability are the characteristics that make information a more desirable commodity—that is, one useful in making decisions. If either of those qualities is completely missing, the information will not be useful. Though, ideally, the
choice of an accounting alternative should produce information that is both more reliable and more relevant, it may be necessary to sacrifice some of one quality for a gain in another.

To be relevant, information must be timely and it must have predictive value or feedback value or both.

To be reliable, information must have representational faithfulness and it must be verifiable and neutral. Compaarability, which includes consistency, is a secondary quality that interacts with relevance and reliability to contribute to the usefulness of information. Two constraints are included in the hierarchy, both primarily quantitative in character. Information can be useful and yet be too costly to justify providing it. To be useful and worth
providing, the benefits of information should exceed its cost. All of the qualities of information shown are subject to a materiality threshold, and that is also shown as a constraint.

08/03/2021

Part of leadership is being caringly, thoroughly considerate in what you do. This keeps you balanced. And, your mind sharp, too.

I read a good, relevant quote that conveys so much regarding this basic, fundamental notion.

Here you are:

Let's love to work

"People with positive energy are generally extroverted and optimistic. They make conversation and friends easily. They start a day with enthusiasm and usually end it that way too, rarely seeming to tire in the middle. They don't complain about working hard, they love to work"

- Jack Welch

07/06/2021

I always study the professional fields I work in due to a consistent improvement, or kaizen, mindset.

This topic is of high relevance for all educated, knowledgeable accountants:

Workplace Wellness

Workplace wellness programs continue to be a popular perk provided by employers but managing these programs can be complex for accountants. For example, payroll managers and accountants must make sure the discounts employees earn on health insurance through wellness programs are calculated correctly as withholdings in paychecks. Accountants must also be mindful of changes to tax laws that impact how the items in the wellness program count toward tax deductible business expenses. In addition to hopefully boosting the health of employees, wellness programs can be a useful tool for employee engagement. Accountants continue to report high rates of burnout and stress due to managing too many responsibilities and should take advantage of programs whenever possible.

06/01/2021

Bookkeeping Principles - Things you should understand

Bookkeeping Principles are rules that the business accountant or bookkeeper follows in order to create accurate records of the business’s financial activities. A bookkeeping system tracks money as it flows in and out of the company in the form of income or expenses. The data generated shows you how well your business is doing. Bookkeeping principles tend to be the same whether you record the data on a computer or in written format.
Basic bookkeeping principles need to be understood by anyone who is running a small, medium-sized or even large company since they are the means by which you will understand exactly what is happening in your business – even if you are not the one doing the books.

If you can see the basic business cash balance and understand the way that the accounts are organized to show the reality of the company finances you will know whether you have a healthy or a failing company and therefore what, if any, action you need to take.
Bookkeeping principles follow some very standard rules. There are daily information logging procedures that every bookkeeper will practice. Get to grips with these and you will always have a good working knowledge of what’s going on in the business.
Every bookkeeper will make what are officially called ‘Journal Entries’. These are really only formal written records of the money coming in and the money going out. So, for instance, when you sell something you will log that cash income. When you buy goods or services you will also be making a record of that money which is flowing out of the business.

When you report your financial activities you may use one of several different accounting procedures. You will use either accrual or cash accounting. If you follow the accrual method you will be reporting on the money you are owed or have not yet paid. So you are reporting on what is still to be claimed or spent as if the transactions have been finalized even though they have not. In the cash accounting method you report on the invoices that are actually paid (e.g. you have received the payment and it is in your bank account) and the bills that you have paid (e.g. the money for the expense has left your bank account and the payment is totally paid up). Whichever method you use will depend on your business and how you choose to account for it but you, as the business owner will need to understand which procedure you follow.

When you are working on your accounts you will be using double-entry bookkeeping. For a complicated-sounding name really this only means that for each thing you buy or sell you will need to record where the money came from and where the cash is going to. The ‘Credit’ or where the money came from, would be for instance, say you sold a product to a customer in a shop, the money would come ‘From’ cash given to you by Mrs. White. The cash would go ‘To’ or ‘Debit’ the bank account. If you did not use double entry you would have random transactions e.g. Mrs. White gave you $1,000 and somewhere else in your accounts you have have $1,000 being deposited in your bank account but we would not know how that money came to be generated. The ten pounds does not magically appear in an account; it was a payment for some thing. A double-entry system is designed to clearly show where the money you place into the bank account came from and how it was generated.

Similarly things that you purchase are made as double-entries too. So, you use part of the $1,000 you had earned from that previous sale (from Mrs. White) to buy an item. You say the money came ‘From’ the bank account (a ‘Credit’ in this case) and went ‘To’ (a ‘Debit’) the cost of the thing you bought. If you can understand double-entry bookkeeping principles you have pretty much the basics for any accounting system be it kept on paper or in computer software.

When running a business you will need to grasp the bookkeeping principle of cash flow. In a nutshell you can’t spend what you have not yet received in payments. Or you can, but you may incur debts that could destroy your business completely. Cash flow is all about the movement of the monies into and out of your business bank accounts.

Once you have grasped the basics of double entry and cash flow you will need to understand the profit and loss account. Here you will see the total amount of money you actually received and then the total amount of expenses that you accrued in order to run the business. Hopefully you did not spend everything you earned and you have made an excess of money, a profit. This is a snapshot of your business as at that date.

There is one more area that you will need to account for in recording your business transactions and that is your liability to pay any tax or VAT. In order to do this you will need to create a ‘tax’ or ‘VAT’ account. Your company will accrue taxes with just about every transaction made and you must keep strict records showing what you owe. It is good practice to put the owed monies aside so that you have the funds available without fail when they become due either quarterly or annually. You should always fill any tax forms out accurately and pay any taxes or VAT payments on time.

Bookkeeping principles have not really changed much since the very first accounting records were made. Once you have become familiar with the above terms you will have come to understand almost all of the elements for doing your bookkeeping. The principles apply throughout the world and follow a common-sense pattern which has simply been formalized and been given jargonistic terms.

This provides a sound framework to ensure you remain successful.

Sayre Advisory and Consulting Services

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