Smith CPA's & Associates

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An audit finding rarely comes out of nowhere. The warning signs are usually there months earlier, quietly waiting for so...
09/03/2026

An audit finding rarely comes out of nowhere. The warning signs are usually there months earlier, quietly waiting for someone to notice.

A reconciliation that never quite gets finished. Documentation that takes days to track down. Grant spending that does not line up with what was reported.

On their own, each one looks small. Together, they are exactly what an auditor ends up flagging.

The good news is that every one of these is fixable, as long as you catch it before audit season instead of during it.

Swipe through for 5 warning signs worth checking now, while there is still time to correct course. πŸ‘‰

Which of these would take your team the longest to sort out right now?

➑️ Schedule a Free 30-min Discovery Call, link in bio!
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09/02/2026

Revenue is the number everyone watches. It is also the one that tells you the least about whether a business is actually healthy.

Margin, cash collected, labor costs, how fast customers pay, and how much cash is genuinely free to spend all sit underneath it, and any one of them can quietly turn a strong-looking year into a stressful one.

Before Q4, the smartest thing you can do is look past the top line.

What is one number below revenue you know you should watch more closely?

➑️ Schedule a Free 30-min Discovery Call, link in bio!
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"Revenue is vanity. Profit is sanity. But cash is king."It is an old saying in business, and it stays true because so ma...
09/01/2026

"Revenue is vanity. Profit is sanity. But cash is king."

It is an old saying in business, and it stays true because so many strong-looking companies forget it.

You can grow revenue, show a healthy profit, and still find yourself short on cash. Because a sale on paper is not the same as money in the bank, and profit does not pay payroll. Cash does.

Heading into Q4 is the right time to stop watching only the top line and start asking a harder question. Not how much did we make, but how much do we actually have, and where is the rest of it hiding.

When did you last look at your cash position as closely as your revenue?

➑️ Schedule a Free 30-min Discovery Call, link in bio!
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Most people would not call an accounting conference a bonding experience. Then again, most people did not attend one nex...
08/28/2026

Most people would not call an accounting conference a bonding experience. Then again, most people did not attend one next to their son. πŸ™Œ

Earlier this year Shaun and his son Nicholas attended Scaling New Heights in Orlando together. The theme was Strange New World, which felt fitting, because the profession is changing faster than it ever has. New technology, new tools, new expectations.

But the part that stuck was not the sessions.

It was standing in a room full of people who care about this work, with his son right there beside him, genuinely interested in it too.

When you build a career, you spend years with your head down. Client work, tax seasons, the next thing on the list. Sharing something you have given most of your working life to, with someone you love, has a way of making you stop and appreciate it.

The profession is heading into a genuinely new world. It feels a lot better walking into it knowing the next generation is walking in too. πŸ‘¨β€πŸ‘¦

Who is someone that has made the work you do feel more meaningful?

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08/26/2026

Your reserve study looks fine. But when was it last updated?

Here are 5 signs it no longer reflects what things actually cost, and why that matters before the next big project.

Which one applies to your association? Drop a number below.

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Your reserve study might be planning for tomorrow's repairs using yesterday's prices.Most associations complete a reserv...
08/25/2026

Your reserve study might be planning for tomorrow's repairs using yesterday's prices.

Most associations complete a reserve study, file it, and trust it for years. The problem is that the world it was built in has moved on.

Construction costs have climbed. Labor is more expensive. Insurance premiums have jumped. Supply pricing has shifted.

If the study has not kept pace, the reserve balance that looks healthy on paper may fall well short of what the next major project actually costs.

A reserve study is not a one-time document. It is a living plan. Worth checking now whether it still reflects:

Current replacement costs. The real remaining life of major assets. Projects already completed or deferred. Today's construction and labor pricing.

An outdated study is how boards end up blindsided by a special assessment nobody planned for.

When was your reserve study last updated to reflect what things actually cost today?

➑️ Schedule a Free 30-min Discovery Call, link in bio!
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Your next-year budget is probably going to be wrong before you even finish writing it.Here is why. Most next-year budget...
08/24/2026

Your next-year budget is probably going to be wrong before you even finish writing it.

Here is why. Most next-year budgets are built in a conference room in December, by taking last year's numbers and nudging them up a few percent.

That is not planning. That is guessing with a spreadsheet.

The strongest budgets start now, from what your numbers are actually showing you, while there is still time to test the assumptions.

Swipe through for what to look at now. πŸ‘‰

➑️ Schedule a Free 30-min Discovery Call, link in bio!
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Honest question for business owners heading into the back half of the year. πŸ‘‡Which part of your finances do you avoid lo...
08/19/2026

Honest question for business owners heading into the back half of the year. πŸ‘‡
Which part of your finances do you avoid looking at most?

A) Cash flow, it stresses me out
B) Pricing and margins
C) Where the money actually goes
D) All of it, that's your job πŸ˜…

Drop your letter below.

The thing you are avoiding is usually the thing worth checking first. Not because something is wrong, but because the numbers you do not look at are the ones that quietly shape the year.

A closer look now, while there is still time to adjust, beats finding out in December.

➑️ Schedule a Free 30-min Discovery Call, link in bio!
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Back in January, you set goals for this year.βœ”οΈ Grow revenue.βœ”οΈ Improve profit.βœ”οΈ Strengthen cash flow.We are two-thirds...
08/18/2026

Back in January, you set goals for this year.

βœ”οΈ Grow revenue.
βœ”οΈ Improve profit.
βœ”οΈ Strengthen cash flow.

We are two-thirds of the way through.

So here is the honest question.

Are you actually on track, or does it just feel that way because you have been busy?

They are not the same thing.

A business can be busier than ever and still be drifting from the goals it set.

The owners who finish strong check in now, while there are still four months to change the outcome.

Not in December, when the year is already written.

If you compared your January goals to where you actually are today, would they match?

➑️ Schedule a Free 30-min Discovery Call, link in bio!

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What a day at the HFTP Regional Conference. πŸŽ‰Yesterday, Shaun took the stage at the Caribe Royale in Orlando to speak on...
08/14/2026

What a day at the HFTP Regional Conference. πŸŽ‰

Yesterday, Shaun took the stage at the Caribe Royale in Orlando to speak on demystifying private club audits in a room full of club managers, finance teams, and board members.

But the highlight was not the presentation. It was the hour afterward.

One person after another came up to share their audit-season experience. Different clubs, different roles, same story underneath. Nobody had ever walked them through what to expect, so it always felt heavier than it needed to.

Those conversations are exactly what these events are about. πŸ™Œ

Huge thanks to HFTP for having Shaun, and to everyone who showed up and asked such great questions.

Missed the session? Comment DEMYSTIFY below, and we will send you the key takeaways so your club can walk into audit season ready, not anxious.

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