When setting up your Chart of Accounts, some small businesses use their tax form that their accountant will be using to file their taxes as a reference &/or as a guide. Do seek the help and guidance from your accountant or a professional business / accounting services provider to make sure the Chart of Accounts…
“Financial ratios are often used to compare a company against an industry average or other companies in order to benchmark or measure a company’s performance. Industry ratios are often useful when creating the financial components of a business plan. ” Yahoo Industry Research Center (https://biz.yahoo.com/ic/index.html ) is a free online tool that provides industry specific information that…
“Housing market forecasts for 2017 suggest that Seattle, Portland and other real estate markets in the Pacific Northwest will continue to outpace the nation in 2017, in terms of home-price appreciation.” VIA Home Buying Institute. Read entire article
It’s a common struggle for small business owners to keep enough cash in their coffers throughout the year to cover payroll and replenish inventory, particularly if their inflow and outflow of cash is affected by seasonal sales/expenses. To keep from ‘running out of cash’, here’s a list of 5 recommendations to consider: Track when money comes…
PFI Coach TIP: Early October (NOW!), entering into the 4th Qtr, is a perfect time to pre-plan for large purchases (I.e. equipment etc.) and balance them out with cash. It’s also timely to prepare your forecast for the coming year. Need some advice? Give Chris a call at (360) 303-5798. Based in Bellingham, WA, ProFound…
Ever been left scratching your head wondering, ‘where does all the money go?’ Well, you’re not alone. Managing cash-flow is a common problem facing business owners. Learn how to best manage the ‘inflow and outflow’ of cash in your business by attending one – or both – of Business Support Services Northwest, LLC‘s ‘Cash Flow in QuickBooks’…
Use Quickbooks’ tracking tools to help reduce ‘ghost expenses’ and keep your sales active. Efficient inventory tracking will improve your efficiency as well as increase your profits! Learn More: (YouTube 2:09) Need help integrating inventory management software with your QuickBooks (Enterprise) accounting software? Call Chris at (360) 303-5798 for some insight and advice! Proudly serving, onsite &…
If all you need is invoicing software, than FreshBooks is a viable option for your business. Simple but excludes many ‘basic accounting functions’. However, reportedly comes with great customer support services. If you’re looking for accounting software with standard accounting features – that is double entry, billing, invoicing, bank reconciliations, cost tracking (necessary if you…
The ability to track by division and by class in QuickBooks provides owners and operators with valuable insights as to what areas of their business are most profitable and which areas are not. However, the difference between what is a division and what is a class can be confusing for bookkeepers and business owners alike. …
6 FREE QuickBooks Town Meeting / Q&A Sessions. – May 17 – June 8, 2016 – Whatcom & Skagit Counties. Series presented by Business Support Services Northwest, LLC and facilitated by Chris McGee, ProFound Impact – QuickBooks Expert & Business Coach. Have you ever wondered how to analyze your stores, divisions, products, and services within QuickBooks?…
