How can my business become more profitable?

Transcription

1 How can my business become more profitable? Do you know where to look to find the answer?

2 Your accounting system is the key. Accounting is the language of business Accounting ties different business functions Your current accounting system can provide you with the key that can unlock the answers to these business questions.

3 Ask yourself the following questions: Are you receiving accurate, up-to-date information on a regular basis? How are you using your accounting information to increase your profits? Do you meet regularly with your accountant to discuss your current and future plans?

4 Ask yourself the following questions: Does your accountant help you monitor or manage your cash flow? Does your accountant advise you on taxsaving strategies throughout the year? Do you understand what your accounting system is trying to tell you?

5 Do you have a Good or a Great accounting system? A good accounting system will give you accurate information. A great one will give you knowledge and wisdom which you can use to make informed business decisions.

6 A Great Accounting System: Provides useful information that you understand on a timely basis Your accountant should be able to explain where your company stands compared to last month in plain English.

7 A Great Accounting System Your accountant should compare your business to your competitors which will allow you to see what your competitors have done and allow you to learn from their experience. Should be able to advise you on which marketing efforts have been successful and which have been too costly.

8 A Great Accounting System: Most importantly, a great accounting system should help you identify where you are so that you can develop a plan to get to where you want to be, and should give you periodic feedback on your progress towards your business goals.

9 What s the difference between tax planning and tax preparation? December 31 st! Tax planning occurs before December 31 st Tax preparation occurs after December 31 st Additionally, you need accurate and timely tax preparation services to save you from penalties and late fees.

10 Does your accountant offer: Pick up and delivery service at no extra cost? Have you ever paid late fees or penalties? Do you ever discuss plans for future growth? Do you currently have 1 year and 5 year goals written down? Have you shared these goals with your accountant? Has your accountant identified current areas of weakness within your company? Has your accountant helped you develop a plan to improve those weak areas?

11 Additional Considerations: Do your customers receive current statements every month? Do you know your businesses current ratio? Do you know where your cash flow is going? Is your business in the black? Are you working in your business or on your business?

12 Additional Considerations: Most business owners spend lots of time working in their business rather than on their business. Partnering with a financial expert can give you additional time to work on your business and can be someone to help discuss ideas.

13 Accounting can be very costly if you are doing it yourself: What would you be doing with the time that you currently spend on entering all of your transactions into your accounting system? Are you entering the transactions correctly? The cost of hiring a professional is small compared to the cost of doing the work yourself.

14 Cost of doing your own accounting For example, if you are landscaper who can charge $65 per hour to do landscaping. The typical business owner doing their own accounting spends 8-15 hours a month. These 8-15 hours could have been spent producing more income. The landscaper was losing close to $1,000 in billable time every month.

15 Our professional accounting services start at just $300 a month and our fees are fixed from month-to-month. In addition of gaining more time, you have a professional advisor that can help you become more profitable, save money on taxes at the end of the year, and help you manage your cash flow.

16 Benefits We will pick up and deliver on a regular basis We will provide you with financial information that you can understand to help run your business We give you peace of mind knowing where you stand month-to-month Advice you on legitimate tax saving strategies throughout the year We will ensure your information is accurate and up-to-date so you won t have to pay another penalty or late fee.

17 Benefits We will help you monitor and manage your cash flow We will show you the advantages of benchmarking and comparing your business to your competitors. Learn from their experiences. We will show you how to use this information to make valuable decisions.

18 Benefits We will show you where your strength and weaknesses are and help you create plans to sustain your strengths and improve your weaknesses. We will show you how to make your money work for you and show you how to become more profitable. We will help you identify profitable areas and help you reduce costly areas in your business.

19 Benefits We will help you maintain your accounts payable and accounts receivable. We will help you bill your clients more accurately and we will bill them regularly so that you can receive payments on a timely manner.

20 Benefits We have an affordable way to provide you with these benefits. We will bill you a consistent monthly fee based on your level of activity and then we tailor our solution to meet your needs and your budget. You will find our services valuable during the short-term and during the long-term.

21 How are we improving accounting? We are profit oriented, our emphasize is on making you more profitable. We will search for techniques that will help you become more profitable. We are convenient, we pick up and deliver, and we will meet with you at your business at a time that is convenient for you. We are accessible. You can call us at anytime when you need assistance because we are available to help you. Further, our fees are fixed so you will not incur additional fees.

22 How are we improving accounting? We are affordable. Our fee is nominal and will help you run your business better. We are knowledgeable. We have access to financial resources that can help us answer all of your financial questions. We are goal oriented. We want you to become more successful. When you are successful, we are successful.

23 How are we improving accounting? We can give you the keys to help you run your business more effectively. Give yourself the advantage of having a financial expert working on your side. Call us today for a no obligation assessment and allow us to share ways where we can make your business more successful.

24 Take the next step. Let us Help! Ivan Alvarez, CPA