Four Steps to Higher Profit in 2024
We have helped a ton of clients increase their profit with a simple 4 step program. STEP 1: A PICTURE is worth 1,000 words. Get rid of the Financial Statements (created by accountants for accountants) and tell your accountant to switch to using simple charts and...
Unlock your profit growth with the 80-20 rule
There are lots of ways to increase profit this year. One of the best ways is to focus on the 80-20 rule. Simply put, the 80-20 rule (aka the Pareto Principle) is: “Roughly 80% of outcomes come from 20% of causes.” - Quoted from about a million websites....
Four Simple Accounting Hacks for Non-Accountants
Hack #1: Become a “Receipt Ninja”: Snap photos of your receipts on a mobile app that connects with your accounting software (like Dext). As long the app is set up properly, it will save tones of time. Hack #2: More Pictures, Less Numbers: Turn your books into charts...
Do you know the difference between Sales and Revenue?
Sales and Revenue are terms that often get mixed up, but they have very distinct meanings. Understanding the difference between them is key to understanding financial health. An easy way to think about it is breaking it down into three steps: Sale, Revenue, and...
Was your year-end a disaster again?
We know the feeling. It's that time of year when you're scrambling to get your books in order to send to your accountant. You’re hoping they can figure out a plan, so you don't owe an arm and a leg in taxes. It's enough to make anyone want to crawl under a rock until...
Cash Basis vs. Accrual Accounting: Why Your Business Needs to Embrace Accrual Accounting
As a small business owner, you probably got into your business because you love fixing things or providing top-notch customer service. The last thing you want to think about is accounting, let alone the differences between cash basis accounting and accrual accounting....