Tag Archives: profitability

Have You Checked These Balances Lately?

The Balance Sheet is an important report in your business’s financial statements. Unfortunately, I find that many small businesses never look at this report. Usually it’s either because they don’t understand the report or they think it has nothing to show them in terms of profitability Continue reading

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What Your Profit and Loss Is Really Telling You

Who doesn’t like to look at profit?! But I find many have misconceptions about what the Profit & Loss report (or Income Statement) can/should do for them. This is usually due to a lack of knowledge when it comes to accounting. But whether you are the business owner or the bookkeeper you should understand at least a little bit about accounting and your financial reports. So here are some basics that will help you both review your jobs or projects as well as your business. Continue reading

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Year-End Review and Planning

While you still have 2 more months to generate income (and expenses), you probably have a somewhat good idea of your year-end numbers. As you look back over your year, take the time to list what worked – and what didn’t. Here are a few recommendations to help you review 2017 so you can plan for 2018 Continue reading

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Using QuickBooks to Find Your Niche

Did you know that QuickBooks can help you refine your niche? You’ll be surprised at just how much. Here are some ideas to get you started. Continue reading

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Are There Riches In Niches

In the beginning, we all take whatever business we can get. But after a while, you can start to identify who you like working with, the types of work you do, where you’re more profitable, your ideal customer, ideal division, ideal service… Many worry that if they niche, they will lose out on business because they won’t reach as many people. But actually it’s often just the opposite. When you take the time to niche, you’ll find that it simplifies your business and increases your profitability. Here’s why: Continue reading

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Have You Checked These Balances Lately?

The Balance Sheet is an important report in your business’s financial statements. Unfortunately, I find that many small businesses never look at this report. Usually it’s either because they don’t understand the report or they think it has nothing to show them in terms of profitability Continue reading

Posted in Business Finance, QuickBooks | Tagged , , , | Leave a comment

What Your Profit & Loss Is Really Telling You

It’s year-end and time to review how you did. Gross Profit Margin and Net Profit Margin are two numbers you want to look at – they help you with both reviewing your numbers and planning for the upcoming year. Here’s what they are and how you can easily view them. Continue reading

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2017 Year-End Review and Planning

By now you probably have a good idea of your year-end numbers.  As you look back over your year, take the time to list what worked – and what didn’t. Here are a few recommendations to help you review 2017 … Continue reading

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5 Areas to Review to Plan for a Successful 2017

While you still have 2 more months to generate income (and expenses), you probably have a somewhat good idea of your year-end numbers.  As you look back over your year, take the time to list what worked – and what … Continue reading

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Using QuickBooks to Find Your Niche

In our last article, we discussed the benefits of specializing versus generalizing.  So let’s take a look at how QuickBooks can help you. Decide what you want to track.  Obviously you want to look at profitability but here are some … Continue reading

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