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Mike Chromy

Mike Chromy

Accounting Manager for LUXA Enterprises, Mike enjoys spending time in the outdoors with his family. He is also a strong advocate for community involvement and service .

Recent Posts by Mike Chromy:

How to be a leader at work: Finding the Right Balance

How to be a leader at work can be a difficult task that takes time to develop and improve upon; sometimes through formal education and training activities and sometimes through natural lessons of trial and error. One thing for certain is that one method does not suit all when it comes to developing strong leadership skills.

Topics: Leadership

What does your month end close process consist of?

Why monthly bank reconciliation is imperative

In today’s business environment, knowing how much cash your business has readily available is critical to the success of your organization.  This starts with the bank reconciliation, which enables effective cash flow management.

Bank reconciliations compare a company’s records to their bank records, which authenticates cash activity.  The bank statement is the source document issued by your bank confirming cash movement for a specific time period.

Topics: Accounting Accounting Methodology Cash Flow Management Accounting procedures Business Advice Bookkeeping