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…
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…
There are many different metrics you can use to monitor your business. Four of the most important ones use the information found on your company's balance sheet. Working capital - Indicates whether a company has enough short-term assets to cover its short-term debt.Debt to equity - Compares total liabilities to shareholders' equity to provide an…
This post is for the entrepreneur or small business owner that is wearing a dozen hats and is ready for automation. It can be difficult to stay on top of all the bookkeeping apps and what they are good for due to the rapid pace of development in cloud accounting. The Popular Accounting Apps dashboard…
