Companies should put together monthly financial statements. The two most widely used financial statements you need to understand and compose are (1) Profit and Loss Statement which includes all sales and expenses for a specific period of time such as a month or a year. (2) The Balance Sheet which lists all assets and liabilities. These are the bank accounts, credit cards and loans as well as buildings, cars and equipment a business owns. Staying on top of your company’s financial situation helps you spot issues early and make informed decisions
Planning & Forecasting
As your financial statements give you a picture of your current financial state, it is also important to look to the future with sound projections. These help you grow your company and improve profits. You can plan for growth and make informed decisions. Based on these numbers, your finances can guide you to the projects to undertake. Having this financial plan allows a business owner to track actual events against the financial plan and make adjustments as the year passes.
Small Business Basics
Accurate, up-to-date bookkeeping is the backbone of any successful small business. Understanding of bookkeeping is essential for keeping your business running smoothly, now and in the future. If learning the ropes of small-business bookkeeping sounds intimidating, have no fear we can work through it with you.
We Are Experts
Anyone that is certified in QuickBooks has completed lessons and courses about the software. Plus, they have passed several exams to become certified. Another aspect of being certified in QuickBooks is that we are equipped to train others on how to use QuickBooks. These skills can boost your business with productivity and efficiency.