St. Paul Pioneer Press Article – Fiscal Foundations is quoted.

St. Paul Pioneer Press Article - Fiscal Foundations Quoted

St. Paul Pioneer Press Article – Fiscal Foundations Quoted

Schedule a Free QuickBooks Workshop for Your Clients or Members

Banks, Payroll Services, CPA Firms, Chambers of Commerce, Professional Organizations, Meetup Groups, Networking Groups, other small business service providers…



SCORE QuickBooks Workshop
SCORE QuickBooks Workshop




Fiscal Foundations is committed to helping small businesses build a firm fiscal foundation for success. We not only believe, we KNOW small business is the heart of our American economy and democracy, employing 58% of the workforce and producing 40% of the gross national product. Entrepreneurs are men and women of courage, commitment, ingenuity and initiative. They don’t sit back waiting for politicians or others to create their destinies or solve their problems. They know that making dreams happen is not the result of magic, but of putting their ideas, perseverance and resources on the line to bring their vision into reality. Small business is most likely to be the hero when it comes to getting the economy back on its feet and creating the job security we all so desperately need. Our company is committed to supporting that effort by providing the tools, training and services for setting up and maintaining the accounting systems that support small businesses in managing and growing their companies. Accounting is the “language of business”. The bottom line is—to succeed in business, you MUST understand accounting—thus our mission!

We offer three ways of helping:

1. Training, set up and customized bookkeeping services to client companies –

  • New company set up with QuickBooks
  • One-on-one or staff training in QuickBooks
  • Training in small business accounting
  • Customized bookkeeping support
  • On-call remote or on-site support for QuickBooks problems/questions

2. On line training programs (in development) – ADD YOUR EMAIL ADDRESS TO OUR LIST to receive announcements of our complete online curriculum for small business accounting coming soon!

3. Our QuickBooks ProAdvisors volunteer their time to offer FREE QUICKBOOKS WORKSHOPS (TEXAS) through our own group,  and on behalf of other organizations and groups. In Minnesota, the meetup group address is


AIMS OF THE WORKSHOP (Vary with topic and length of session)

  • To reinforce how understanding accounting and setting up a good accounting system is critically important to small business success.
  • To give small business owners (and nonprofit managers) a preview of how QuickBooks works and demonstrate its completeness of features to address all their accounting needs, and its user friendliness even for non-accountants.
  • To acquaint business owners with areas of special concern and requirements, i.e. payroll tax deposit/reporting requirements/deadlines; sales tax reporting/paying (optional by state); year-end closing/readying books for CPA/tax preparation; 1099 preparation for subcontractors. Demonstrate how QuickBooks handles this tracking, report preparation, and reminders for deadlines.


  • SCORE (Dallas, Minneapolis, St. Paul)
  • Texas Business Centers – Denton, TX
  • Women Venture – St. Paul, MN
  • Minnesota Coaches Association – Twin Cities, Minnesota
  • Alliance of Automotive Service Providers of Minnesota, Inc. – Upper Midwest
  • SBA Resource Fair – Minneapolis, MN
  • Science Museum of Minnesota’s Computer Education Center – St Paul, MN
  • Messerli & Schadow PLLP (CPA Firm) – Minneapolis, MN
  • Women in Small Business Fair – Minneapolis, MN
  • Private Bank Minnesota – QuickBooks for Nonprofits, Minneapolis, MN
  • ADP – Minneapolis, MN
  • Press Gold Group (Payroll Services) – Minneapolis, MN
  • Insperity (a Houston company formerly known as Administaff) – Minneapolis, MN
  • Intelligent Office – Denver, CO
  • Roper Insurance & Financial Services – Denver, CO
  • Saint Paul College – St. Paul, MN
  • African Economic Development Solutions – St. Paul, MN


  • 2 Hours (have done up to 3 hours)


  • Informal, conversational style inviting participation and questions
  • PowerPoint Slides as introduction and conclusion
  • Live QuickBooks Demo with customized sample database if audience represents single industry
  • Question and Answer session
  • Recommendations for resources available to small businesses


  • QuickBooks 101 – Managing and Growing Your Business with QuickBooks
  • What You Need To Know To Start a New Business!
  • Payroll Made Easy
  • QuickBooks – An Essential Tool for Small Business Success
  • Wrap It Up! – Closing Your Books at Year-End
  • Collecting the Money You’re Owed – Effectively Managing Your Accounts Receivable
  • Keeping It Simple and Achieving Results! – QuickBooks and Business Planning
  • Managing Your Coaching Business with QuickBooks
  • Know Your Numbers! – Understanding Your Financial Reports
  • Managing Your Automotive Service Business with QuickBooks


  • Workshop Sponsor (That’s you!) provides room, handouts if desired, and refreshments. We provide complete presentation, handout masters for photocopying, slide projector, screen. (We can use Sponsor’s projector and screen if room is designed for audio visual presentations)


  • You send special invitations to your clients
  • You publicize in any media you have available
  • We publish the event on our website calendar and on our website (unless a private workshop)
  • We promote through social media including LinkedIn, Twitter and Facebook (unless a private workshop)\


  • Dallas and surrounding area
  • Minneapolis St Paul and surrounding area
  • Western Wisconsin

We also welcome opportunities to participate in webinars and telenars. Our clients often ask us for referrals to other small business service providers. We enjoy opportunities to develop cross-referral relationships that can benefit all our clients and further serve to support the small business community. 

How QuickBooks Supports the One Page Business Plan

-Take your business to the next level

By Linda Logan, President, Fiscal Foundations, LLC

Our mission at Fiscal Foundations is to improve the success and success rate of small businesses everywhere. We’re a small business too, and that is our personal mission too—to constantly improve our business and our success. Why? Small business is at the heart of our economy and democracy. In the western world, it’s the mechanism for achieving our dreams. It can be a way out of poverty for creative, industrious people in third world nations. Success builds the confidence and courage to improve lives economically, socially and politically. Personally, I find building a business a fascinating, creative exercise. Athletes are always striving to stretch the bounds of what they can achieve. Artists work to perfect the expression of their visions on canvas or other media. I see building a business as a little of both.

Our work is focused on accounting because as Charlie Munger once said, “You have to know accounting. It’s the language of practical business life.” So many entrepreneurs fail because they don’t know how to set up and maintain their accounting systems, and how to use their financial data to make the decisions needed to grow their businesses to achieve their dreams. There’s nothing more rewarding in our work than watching our clients gain the expertise needed to take charge of their financial planning and growth. However, I still see businesses grow to the point where owners get by, managing to make an average living, but not really fulfilling the dreams that originally inspired them. They often seem stuck at this point and unable to see a way forward. Consequently, many give up and quit at this point. We can’t settle for that! So the question is, what’s the next step and what can help us get there?

I was excited to read The One Page Business PlanTM by Jim Horan and Tamara Monosoff. Business plans always sound like a good idea, but the idea of the spending hours writing a 50 page plan that will sit on the shelf is less than inspiring. What is inspiring is putting words to your vision, articulating what you are building; defining your mission, why your business exists, what difference you want your work to make; laying out your objectives, what results you want to achieve and measure; then, planning the strategies you’ll implement to make it happen; and finally, listing the steps, the tasks you’ll take to make it happen. To accomplish anything, you have to break it down to a series of actions to be taken, one step at a time. The One Page Business PlanTM offers a format that we all can work with, one page. Think of it as the business plan on Twitter! You can apply it to a one person business or a large company with multiple locations, divisions or departments. It helps you produce a plan that becomes a living part of the organization, develops consensus among the management team, builds accountability into the system, and helps you, the business owner steer the business to your ultimate destination.

There are several versions of this book. The one I am personally recommending is The One Page Business Plan for Women in Business, published in paperback version, January, 2010. While the examples of plans are from women-owned businesses, men will find it just as useful and valuable. It is the newest version. I tend to believe, as authors, we seek to improve upon all our previous work, and this is the one we are personally using in our work.
Here are some of our recommended books on the subject:

Reading a book is great, but there are times when we need some hands-on help. Local consultants are available to help you implement The One Page Business PlanTM in your company. We are working with J. Michael Cavitt of Cavitt Associates, If you’re in the Minneapolis/St. Paul area, you can learn more about this planning process by attending one of our free workshops: Business Plans, Projections & Budgets – Keeping it Simple & Achieving Results! co-facilitated by myself and J. Michael Cavitt. See to see upcoming dates. We also show you how to record and monitor progress against your plan using QuickBooksTM. Budgets and projections can be documented in QuickBooksTM and you can regularly review Budget to Actual reports. QuickBooksTM is the most commonly used accounting software program in small businesses because it is inexpensive, easy to learn and use, and performs all the accounting functions needed by your business. Another of its strengths is its reporting. There are over 150 standard reports built in and many more can be customized to help you measure your results in achieving the objectives you identify in your plan.


It takes as much energy to wish as it does to plan.
— Eleanor Roosevelt

By failing to prepare, you are preparing to fail.
— Benjamin Franklin

Planning is bringing the future into the present so that you can do something about it now.
—Alan Lakein

All you need is the plan, the road map, and the courage to press on to your destination.
— Earl Nightingale

A good plan today is better than a perfect plan tomorrow.
— George S. Patton

Developing the plan is actually laying out the sequence of events that have to occur for you to achieve your goal.
— George L. Morrisey

Reduce your plan to writing. The moment you complete this, you will have definitely given concrete form to the intangible desire.
— Napoleon Hill

Exciting New Online Training Program Is Coming In 2013!

Learn QuickBooks OnlineTo extend the reach of our training programs and services, Linda is developing a complete online curriculum in small business accounting for business owners and their staffs. The program will be divided into single topic modules to allow individualized customization. We’ll start with a basic training package and then add special topics like job costing for construction trades and fund/program management for nonprofits. The courses will be delivered as multi-media video presentations that detail the results you can achieve from managing various aspect of your accounting, complete how-to instructions, QuickBooks demonstration, and accounting principles. Go to our website and opt in to our email list. You’ll receive notification when new products become available.

Strength in Numbers

Group of Business Owners

In 2006, your generous referrals to new clients helped us achieve a growth rate of over 250%! We will appreciate your help again in 2011 as we all strive to recover from this economic downturn. Over the past 2 years, many companies have had to downsize their accounting support along with everything else, but as the economy picks up, it’s time to get back on track. Many new businesses have been started by highly skilled people laid off by corporations and they need to set up their accounting systems if they are to be successful. Many of these people have attended our free QuickBooks workshops ( and the MN Science Museum courses. Please give our name and number to any friends or associates you know or meet who could use our help. We’re also happy to recommend your businesses to prospective clients we meet!

Accounting Cartoon

Hear Us on the Radio!

Linda Logan and Jennifer Heifort are on the radio! Linda and I were guests of Peter McClellan Show today and broadcast on AM 1570 from 4:00 to 5:00 PM today June, 3rd, and again tomorrow June 4th from 9:00 to 10:00 AM. You can also hear it below. It was a lot of fun to do. Thanks Peter!

Listen to the show: [audio:../wp-content/audio/PeterMcClellanShow.mp3]

Why Small Businesses Fail

A staggering 95% of small businesses fail within the first five years.

Here are the most common reasons why…

  1. Poor Financial Management 32%
  2. Management Competence or Experience 15%
  3. Economic Conditions 12%
  4. Poor Books and Records 12%
  5. Sales and Marketing Problems 11%
  6. Staffing Problems 9%
  7. Union Problems 6%
  8. Failure to Use External Advice 3%

Perhaps knowing about the most common pitfalls can help new small business owners avoid them and increase their chances of success.