We’re in the 4th quarter of the year, and now is the time to start looking at what you want to accomplish for 2013. What are the things you are going to want to achieve next year? Is it to add a certain amount of new customers, generate a specific percentage increase in sales, improve your marketing, or something else?
If you want to improve your performance figures over 2012, you need to know what those numbers are. Is your bookkeeping up to date, or do you have paperwork stacked on the corner of your desk or in a box? Are you reviewing financial reports regularly, or do you wait until tax time to get your accounting records together? If you aren’t keeping your bookkeeping up to date, goal setting for 2013 will be more difficult.
We offer bookkeeping services in many different ways. Some clients pay their bills and make their bank deposits, but give us all the information every month. Once we have completed the work, financial reports are sent that allow the review of the profit (or loss), look at the ratio of assets to liabilities, and see if an adjustment needs to be made to guarantee there is enough cash to cover the business debts. Other clients don’t want to deal with any aspect of the accounting, so we handle paying the bills as well as posting bank deposits. A few clients have us handle everything but the deposits as they like to monitor their payments received. Wherever you fall, we can help.
Wouldn’t it be nice to be able to receive the information timely so you know if you are profitable? If you wait until tax time for the bookkeeping to be done, there is no real knowledge of how well you are doing (other than how much money is in the bank or how much is owed on your credit card). However, there is a difference between cash flow and profit, so these figures alone don’t tell the whole story.
If you are overwhelmed with all you do as an entrepreneur and put off your bookkeeping because of it, we can make your life so much easier. We can discuss which bookkeeping option is best for you, handle these tasks for you, and relieve you of this burden. You’ll have peace of mind because you’ll know how profitable your business is, you can use the information to create a budget, and you can use your current figures to create your goals for next year.
If you are ready to offload your bookkeeping tasks and have more free time, contact us today! 310-534-5577 or [email protected].
We look forward to helping you.
Candy
