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Generating new business is an ongoing challenge for every business, no matter what their market is or how big or small they are. If you don’t have fresh business coming through the doors on a regular basis, you won’t be able to maintain, much less grow. Read More »
Tags: Businessmen, Contact List, Doors, Forefront, Fresh Start, New Business, New Year, Phone Call, Phone Calls, Salesmen, Sparks, Sphere Of Influence, TraditionWhen you are first start planning and dreaming of beginning your own business, you often spend many hours drafting your business plan. You determine your objectives and market strategies. You lay out the details of your five year plan with goals and milestones to achieve. This document becomes your portrait of the road ahead, and you proudly present it to potential financiers and business partners. It is an important piece in the launching of a new business. Read More »
Tags: Business Partners, Business Plan, Choppy Waters, Course Goals, Current Position, Dangerous Obstacles, Desk Drawer, Financiers, First Few Years, Great Time, Hindsight, Initial Objectives, Market Strategies, Milestones, New Business, New Goals, Own Business, Perfect Time, Revenue Generation, Strategic PlanningThis is just common sense, but something that many business owners overlook when preparing their books to send to their accountant for the preparation of year-end financial statements and tax filings. The more accurate and complete your accounting records are, the less time your accountant needs to spend on reconciling and correcting the details before beginning on the reports and taxes. The less time they spend on your books, the less it is going to cost you. Here are some tips to help make sure that your books are as easy to work with as possible. Read More »
Tags: Account Balances, Accountant, Accounting Records, Accuracy, Asset Purchases, Assets, Bank Accounts, Business Owners, Common Sense, Detailed Records, Financial Statements, Loan Accounts, Payroll Tax, Quarterly Tax Reports, Receipts, Reconciliation, Spreadsheet, Tax Filings, Tax Liabilities, Year EndOne of the unfortunate issues that companies need to deal with at year-end is accounting for bad debts. Bad debts are not an issue for a company that operates on a cash basis; if you haven’t collected the money, then it isn’t included in your income. For companies that keep their books on an accrual basis, however, it is an important part of their year-end process, since you book your revenue as it occurs or is billed out, not when you receive payment. Read More »
Tags: Accounting For Bad Debts, Accounts Receivable Aging Report, Accrual Basis, Allowance Account, Attempts, Bad Debt, Bad Debts Expense, Balance Sheet, Cash Basis, Documentation, Expense Account, Income Statement, Invoices, Irs, Money, Net Income, Receivables, True Expectations, Year EndExcel spreadsheets are a powerful tool for businesses. You can use them in many ways to track and analyze business data. You can also format them to provide very professional looking reports, including a variety of charts and graphics that are created from your data. For the average user, there are several functions in our Excel program that we use on a regular basis, and then there are others that we only use occasionally. It can be easy to forget some of what we’ve learned when we don’t use it on a regular basis. We can also get in a rut of doing things a certain way and not realize that there are new shortcuts available that we are overlooking. That’s where some of the great Excel tip websites can be very helpful. Read More »
Tags: Advanced Excel, Business Data, Conditional Formatting, Current Version, Email, Excel Program, Excel Spreadsheets, Excel Tips, Excel User, Freeze Panes, Menus, Microsoft, New Ways, Pivot Table, Shortcuts, Tip Websites, Video Tutorials
