- Were my total sales up or down
last month? Were they designated by sales category?
Here's why you need to know: If your sales are up, you'll need
extra cash to buy replacement inventory. If your sales are down,
you'll want to pull back on inventory purchases. Sales increases
in a category can mean a new growth opportunity. Sales decreases
need to be investigated to find out the reason.
- What was my total gross profit
last month? Was it designated by sales category?
Here's why you need to know: Gross profit shows the profit left
from sales after subtracting the cost of the products or services
you sold. Changes in gross profit show whether your pricing strategies
are working. Cutting prices to increase sales can hurt you if
it reduces your gross profit.
- What is my gross profit per
item?
Here's why you need to know: Selling prices should be based on
profit goals instead of estimates. By raising the prices and selling
near or below cost, you can change your inventory mix and increase
gross profits. An increase of just 1% can add thousands of dollars
to net profits. You can give sales incentives that will cause
employees to sell the most profitable items instead of the easiest
ones.
- What were my expenses by category
last month?
Here's why you need to know: Are payroll costs too high? What
about insurance costs? The telephone? In order to cut back on
expenses, first know which ones are out of line. Recording your
expenses each month ensures that you get the maximum tax deductions.
- Who owes me money, and how
much?
Here's why you need to know: You can't expect to get paid in full
unless you tell customers exactly, and regularly, what they owe.
An itemized, neatly printed and up-to-date monthly statement tells
customers that you expect to be paid on time according to your
payment terms.
- Who's behind in paying me,
and by how much?
Here's why you need to know: Customers who fall behind need to
be contacted immediately and often, so it doesn't become a habit.
Also, before you approve a new order from a customer, you'll want
to know if that customer paid you on time for the last order.
- How much inventory do I have,
in total and by item?
Here's why you need to know: If you're running low on an item,
you can reorder in advance and not be out of stock. Plus, you
can avoid rush delivery charges. If you have too much of an item
or of inventory in total, you can cut back on your inventory investment.
Also, you can compare a physical count to the books and identify
a shortage problem before it puts you out of business.
- Who do I owe money to, and
how much?
Here's why you need to know: Many vendors offer discounts for
paying bills in less than 30 days, which can add up to big savings
on an annual basis. Paying your bills on time will increase your
chances of getting business credit. Plus you can plan for your
cash requirements and reduce the need to borrow from a bank or
your own funds.
- What was my profit last month?
Here's why you need to know: A monthly profit figure gives you
the financial bottom line and lets you know where you've been
and where you're going. Plus, you can save hundreds to thousands
of dollars, on year-end tax return fees, and plan for the tax
bill months in advance.
- How Much do I Own, and How
Much do I Owe?
Here's why you need to know: Keeping track of your current assets
and liabilities allows you to plan for your cash needs, and helps
you stay in compliance, with loan agreements. Plus, you'll be
instantly ready to respond to questions from suppliers or potential
customers.
Which of the following
best describes your
Accounting System?
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- I do it myself
- I have an accountant
- I don't have a system
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I DO IT MYSELF
Your time is so much more valuable! You are the Worlds #1 expert
in running your business. While you are busy doing bookkeeping,
your competitors are designing new products and services, preparing
new advertising, collecting past-due accounts, shopping for less
expensive suppliers. Everything that you need to do to survive and
grow! Are you sure that your bookkeeping system conforms to the
proper accounting rules and procedures? Even more important, do
you get all of the valuable information described in this brochure
from your bookkeeping system?
I HAVE AN ACCOUNTANT
Does your accountant or bookkeeper provide you with all of the information
described in this brochure, and its many benefits? Does your accountant
take the time to explain what the numbers mean, and how you can
use them to run your business more profitably? Do you feel you are
getting the best possible value for the fees you are paying? Also,
if your accountant is one of your employees, you may be able to
save a substantial amount of money in payroll, fringe benefits,
equipment and software by having someone else do the work.
I DON'T HAVE A SYSTEM
There isn't a better time than right now to get started! Studies
have shown that small businesses often fail because they don't have
a good accounting system. We can custom design on an accounting
system for over 50 different organizations, including yours. Our
system is so easy to use you'll be delighted. If you can drop a
piece of paper into a file folder, you already know how to use it!
You can obtain all of the valuable information described in this
brochure, and its many benefits. Plus, we will take the time to
explain what the numbers mean, and how you can use them to run your
business more profitably. Give us a call today!
This is why you need to call now...
We don't have to tell you that in today's day and age, information
is power. With our small business service, you'll receive valuable
information to improve your cash flow, control your operations,
and reduce your taxes. It will be prepared accurately, based on
all the proper accounting rules and procedures. Plus, we will take
the time to explain what each of the numbers means, and how you
can use them to run your business more profitably.
There's a gold mine of profit-building information in these financial
numbers, if you have them at your fingertips and you know how to
use them. Give us a call today for a free consultation. There is
absolutely no obligation of any kind. and we are confident that
it will be well worth your time!
Isn't it time your business reached its full potential?
Don't you owe it to yourself, and to your family?
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