Tag Archives: budget

Profit Planning for 2019

It’s time to plan for your new year and profitability. Many of you may have already worked on a business budget for 2019. If you haven’t, I encourage you to do so – no matter what size your business is. If it helps, think of your sales, gross profit and net profit as goals you want to achieve. And I think you’ll agree that it’s much easier to hit a target you can see ;-). Once your budget is in QuickBooks, it’s easy to monitor how you’re doing during the year, so you don’t have to do updating in spreadsheet or just wonder. Continue reading

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Profit Planning with QuickBooks Budgeting Tools

Our last article discussed the benefits of using QuickBooks to help you in your “profit planning” by taking advantage of the budget tools in QuickBooks.  So now you’re ready to use create your  budget in QuickBooks – great! Select the … Continue reading

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Profit Planning for 2018

In previous articles, I’ve discussed reviewing your existing sales and profitability to see if you wanted to make any changes.  Now it’s time to plan for your new year and profitability. Many of you may have already worked on a … Continue reading

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Profit Planning with QuickBooks Budgeting Tools

Our last article discussed the benefits of using QuickBooks to help you in your “profit planning” by taking advantage of the budget tools in QuickBooks. So now you’re ready to use create your budget in QuickBooks – great! Select the … Continue reading

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Profit Planning for 2017

In previous articles, I’ve discussed reviewing your existing sales and profitability to see if you wanted to make any changes. Now it’s time to plan for your new year and profitability. Many of you may have already worked on a … Continue reading

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How to Avoid Seasonal Bumps in Your Cash Flow

Many businesses operate with seasonal peaks and valleys. Retail stores just completed their busy holiday season. Landscapers are at their slowest time of year (unless they live where there’s lots of snow). Construction contractors are busy when the weather is good. Accountants are very busy from January through April, but also experience a quarterly peak in July and October. Continue reading

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Accounting with Popeye

You might have heard the terms “cash basis accounting” or “accrual accounting.”  Your bottom-line net income can change depending on which method you use.  Here’s a simple explanation of the difference, with a little help from one of the most … Continue reading

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Profit Planning with QuickBooks Budgeting Tools

When you hear the word “budget,” do you think “Ugghh!”? If you would rather do just about anything besides create a budget, you’re not alone. The word “budget” brings up connotations of endless numbers, constraints, the opposite of freedom and creativity, and hard work, none of which are very desirable. Continue reading

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Planning for an Awesome 2013

For businesses with fiscal years that coincide with the calendar year, the slate of revenues and expenses will be wiped clean on New Year’s Day. Starting with a clean slate gives us a chance to reflect on our 2012 results before we enter 2013 and experience the hope that comes with a new year. Continue reading

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Estimating in QuickBooks

If you do job or project costing, then it’s important to use the Estimate feature in QuickBooks. But that feature is often underutilized for a few reasons. Could be a lack of understanding on how to work with the estimate template in QuickBooks. Could be that a spreadsheet or other software is used to actually determine the estimate, so why bother entering it in QuickBooks? Isn’t that an unnecessary step? No!! Continue reading

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