Cool Tech Tools: Zoom

Cool Tech Tools: Zoom

More and more small businesses are finding virtual meetings useful. Virtual meetings have many advantages:No travel time is needed for participants, so you’ll save on gas and auto maintenance.They create an ability to visually connect with remote employees, customers,...
Three Key Reports for Your Business

Three Key Reports for Your Business

Each month, your accounting system yields actionable information for you to run your business better. Here are some key reports that all business owners should review every month.Balance SheetA quick review of the balance sheet can tell you the balances of your...
Understanding Cost of Goods Sold – Part 2

Understanding Cost of Goods Sold – Part 2

Recently we discussed accounting for Cost of Goods Sold.As with a lot of topics we discuss, there’s the accounting way transactions need to be done and then there’s the way we want to handle it for cash flow and Profit First.Cost of Goods Sold is no different.Cost of...
How Much Does That Cost?

How Much Does That Cost?

One of the ideas behind Profit First is borrowed from a fitness expert who spoke about how unhealthy the whole “clean your plate club” philosophy is. In fact, in his book Mike Michalowicz asks himself, “If I reduce the ‘plate size’ of my business’s operating account,...
Mid-Year Review

Mid-Year Review

Can you believe that half of 2019 is gone already? That means it’s a great time to take stock of how your business has done for the first half of 2019 so that you can meet your financial goals for the entire year.On Track for SalesAre you on track to make your 2019...

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