ConstructusIn the Fast Five Marketing Series, I share strategies that have worked for our business and that I have seen effectively implemented for our customers who are brick & mortar small businesses throughout the world. This week I am going to provide you with 5 simple ways to use text messaging to increase business.
Many companies struggle with the quality of their accounting and financial information. From the beginning many business owners hand over the accounting and financial functions to a relative, friend or partner they can trust. Sometimes finding a qualified person to handle the most important aspect of any business: the money- is not given the forethought or vision equal to that given to the idea of sales or marketing. Over time as a business grows the requirements of the accounting and financial functions of a business change from simple invoicing and transactions to a need to have a person who is formally trained in transactions, financial statements, and financial modeling.
Use this example to help you develop your own month end report.
Part of running a sustainable company is having the ability to plan for your company’s financial future. In the financial planning process, one makes assumptions of sales, costs of sales, and predictions of company operating expenses. They also make estimations or forecasts for profits and cash flow.
Part of running a sustainable company is having the ability to make educated financial decisions at a
moment’s notice and to spot trends either good or bad. As an owner, you may wear many hats, and
wearing the accounting hat may not be one you wear.
Make sure you are hiring someone to manage your Quickbook who actually knows Quickbook.
Virtual bookkeeping can be a challenge. Take time to thumb through this article to get a better idea of how to help your virtual bookkeeper, manage your books.
Important both during and after a project is tracking costs. This may seem like a simple function, but in a construction project, different entities need different financial information, and being able to track finances in real time saves a lot of work (and costs) later on. Let’s look at some of the costs and how Construction Management Accounting Software fills the need.
We’re into the first quarter and by now, most of you, have closed the books for January and are able to see your progress to date for the beginning of this business year. Are you happy about the results thus far? Have you figured out a better way for the remainder of this year?
Why do some of us spend more time planning a vacation then we do planning the financial path of our company’s. Would you leave your house on trip without first planning a route to take you to your destination?. Would you bake a cake or pie without a recipe? Do you ever start off a run or a bike ride without a distance or time decided on before you begin?