7 Financial Questions You Should Be Able to Answer.
Can you answer these 7 financial questions? If you can’t answer confidently today, take the time to find answers and increase your financial literacy. 1) How much would my profit increase if revenue increased by 10%? 2) What is my profit break-even point? 3) What is my cash flow break-even point? 4) What is my Gross […]
Are your Quickbooks numbers lying to you?
When you review your financial statements, you want to know that they are reflective of what is really going on in your business. Here are 6 indicators that your QuickBooks numbers don’t reflect reality.
When facing a decision, would you rather have BAD information or NO information?
I’d rather have no information, and know I’m working blind, than to have BAD information that blindsides me. Unfortunately, there are several common errors that result in company financial statements not reflecting what is really going on in the business.
Has your business outgrown your accounting?
As your business grows, your financial management systems need to adapt as well. Here are some indicators that you may need to upgrade your accounting system and processes.
Do you know what it takes to keep your business afloat?
Knowing your break-even point can impact your business strategy in several ways.
What would financial strategy do for your business?
Here are some ways we have helped our clients:
$16,000 Savings: One company found…
Does your P & L have too much detail?
Most default P & L reports have too much detail. More data is not better than precise, pertinent data.
Is your P & L organized to optimize understanding?
Organization creates order from chaos and creates understanding from confusion. Apply the principle of organization to your Profit and Loss statement.
How much $$$ could be missing before you would notice?
It sounds absurd that a $10,000 could go missing without being noticed, but I’ve seen it happen many times, with companies that are quite small.