It’s here! It’s that time of year where more cash seems to go out of your pocket than in! We know you are thinking about others – sharing happy times and creating memories over the holidays.
As last year winded down and you looked toward this year, you probably had goals and dreams of where you would like your business to go and how to make it grow. You prepared what you thought to be a realistic budget. Preparing the budget is the first step; reviewing it at least monthly is as important to the success of your company. Don’t let your budget gather dust and never look at it again.
How are you doing now that spring has sprung? Feeling lighter, brighter and refreshed? We hope both you and your business are bouncing along nicely into spring. How do you know if this year will blossom, or if parts of the business are late bloomers and dragging you down?
Budgets can feel like a chore or a forgotten item on the to-do list when you are caught in the throes of running your business. But, how often do your goals come alive if you don’t have a plan or if you don’t measure your results?
As a business owner, cash in and cash out of your bank account may be the primary focus. However, the true definition of a profitable business is determined through consistent tracking of each client, each sale and all related expenses.
When hiring new employees, it is important to consider all the steps and pieces of your business that will be impacted by the human resource investment. Not only are you paying the hourly wage or salary, but also potentially:
At BudgetEase, our motto is: Making YOU Profitable. How will you know YOU are profitable? You need solid financial reports in order to answer this question. BudgetEase can turn your financial information into a set of reports you can count on.
Here is an easy way to find the error and fix it so your Opening Balance on your Bank Statement matches the amount in QuickBooks Desktop.
Is one of your New Year’s Resolutions to make your business more profitable? Here is a list of action items (in order of importance) that will help your realize your goal. If you have an action item mastered, work on the next one.