Whether you are just starting out in business or have been around forever, in today’s economy it’s more important than ever to “run your business by the numbers”. Even more so if this is your first foray into entreprenuership.
So let SMALL BUSINESS ACCOUNTING help you understand how to make your business profitable. Because if you are successful, then we have succeeded as well. Our process is fairly simple and straightforward; we try to work with whatever procedures you have in place (or in the case of a new business, we help you get a workable system set up), perhaps just making a few “tweaks” to be more efficient.
From there, we use a three step approach to find out how you can run your business better, or as we like to say:
Three Steps to Letting Your Profits Run
THREE: Each quarter, we ask you to provide some information and documents for us to compute your profit and loss for the period. This information includes a sales/income summary, check register (or stubs), credit card statements, payroll and bank statement(s).
TWO: Once we’ve processed this information, we analyze the numbers and provide you with KEY feedback and recommendations to help you grow your business.
ONE: At the end of the year, we prepare an accurate and timely return, capturing all possible, legal deductions.
And there are three very important questions that every business owner should know the answer to at least several times a year:
- WHAT IS MY BREAKEVEN POINT?
- WHERE IS MY PROFIT GOING/AM I LOSING MONEY AND IF SO, WHY?
- WHAT IS MY FEDERAL TAX LIABILITY LIKELY TO BE THIS YEAR?
If you would like to know the answers to these questions,
call us for a free evaluation.