SMALL BUSINESS SURVIVAL
The recession has been a challenge for everyone and especially small businesses. America depends on small businesses, so everyone can help by supporting our small businesses.
Here are some steps business owners can take to ensure survival and growth.
- Track your financial information often! View trends. With QuickBooks, you can get graphs to show you directions for income and expenses. Also, review customer types to help your decisions for marketing expenses. The age old saying “What you don’t know can hurt you” is very true today. If you have been paying bills when you find them beneath a bunch of papers, or when you just have enough in the bank, you are under a lot of stress. There is a better way, which gives you accurate and timely financial information.
- Income Statement Report – Showing you the sources of income and expenses for a time frame. This can easily be compared to a previous period on one report; such as the fiscal year 2009 compared to 2008
- Balance Sheet – A listing of the business assets, liabilities and equity at a specific time.
Note: These two reports are required by IRS Income Taxes and are invaluable for business making decisions.
- Statement of Cash Flows – This gives you information to plan or adjust spending based on cash available, accounts receivable, and accounts payable.
- Open Invoices – This list customers names, amounts due and due dates which you have not collected
- Unpaid Bills – A detail listing of bills you owe.
There are numerous other reports available and KC Books can help you in getting the information you need.
KC Books offers:
QuickBooks Setup Assistance
Troubleshooting
Accounting and Bookkeeping Service
Discounts on QuickBooks Products
One hour FREE Consultation
Kathy Crossley can be reached at 864-399-9408 or kathy@kcbooks.com
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