I have noticed recently with my clients that one of the impacts from the pandemic is a significant decline in working capital and an increase in debt. For some of my clients, this is the most debt that they have ever had on their books! With such uncertainty around Cash On Hand (COH), a short-term…
Author: Keri James, CPA
Budgeting in QuickBooks Online #Tableau #QBO
A client recently approached me with a QuickBooks Online (QBO) limitation that he couldn't solve. He has a business with multiple locations and each location has its own budget. Part of the performance review for each manager factors in how the location performs against budget. He asked me how he can quickly and efficiently provide each manager with a monthly report that…
Visualizing breakeven #Tableau #SMBO
One of the most effective ways to drive your business toward profitability is by focusing on the break-even point. The break-even point is the point at which expenses and revenue are equal. Performing this calculation is a critical step for determining what sales volume is necessary to cover costs of operating the business. An efficient and effective way…
Analyzing Profitability #Tableau #SMBO
Small business owners need to monitor profitability trends to follow the course of profit over time. Monitoring the change in direction of profit from one period to the next is important for identifying areas that may require follow up attention. If a company's gross profit margin falls steadily over time, the business owner must address…
Project revenue growth for a monthly subscription business #SaaS #Tableau #SMBO
The subscription model is rapidly becoming the norm for new products and services. Customers are signing up for subscription services to replace things that they once bought and owned outright. Customers tend to stick around longer in a subscription model because the relationship is regular, and they know what to expect. For this reason, many…