Effective Follow-Up means keeping effective records and by using profile cards you can keep track of the follow-up you do with your customers.When you are starting out in sales it’s no big deal to recall each customer, the conversation you had with them and the products they either purchased or showed interest in. As your [...]
Gone are the days when you could store all your receipts, bank statements and other accounting documents in a box, and then pass them to your accountant at the end of the year. With the financial crisis affecting the majority of the world, you’ll need to know exactly the state of your business finances are, [...]
Promotional items serve a couple of functions. They can be used to spread the word about your business, or they can be used inside the company to keep employees’ spirits up. You can splash your logo and business message on a number of items. While pens and mugs are the old standby, here are 8 [...]
Establishing financial independence with a small business ideaYes, a small business idea could be your key to financial independence. Here we are talking about financial independence not in terms of earning a lot of money but in terms of getting rid of the dependence that you have on your current job. Let’s see how.A small [...]
There is an old rule that is still as relevant today as it has always been, and that is the 80/20 rule. This rule, when applied to your product inventory, says that 80% of you sales are from 20% of your inventory items. Know which items of the 20% are garnering the most sales can [...]
Considering QuickBooks for Mac.?More people are switching to Macs. If you plan to use QuickBooks and switch to Mac, you should be aware that although QuickBooks has made improvements to it’s Mac software, it’s not as robust as the Windows version.Most 3rd party add-on solutions are designed to work with the Windows version of QuickBooks, [...]
Don’t we all! There is so much technology just passing us by as we drag ourselves to work each day. There has to be a way to utilize it, right? New phones are coming out, everyone is buying, downloading, and using anything they see online including apps, items, wallpapers, ringtones, even jokes! Maybe you’re no [...]
The CPA exam is feared by many people who want to become certified public accountants. The exam is not an easy one indeed and has a pretty low passing rate. As a matter of fact, only 5% of all people who take the test pass it in their first try. Still, this doesn’t mean the [...]
Cost behavior is an important tool for businesses to examine their success and actual profits. It can be used for many purposes, including strategic planning to determine effective price points that are above the break-even point. A qualified CPA can help a business use this principle to manage budgets more effectively.What is Cost Behavior.?Cost behavior [...]
Invoices and Sales Receipts are not quite the same thing in QuickBooks. Although they both record sales information, that is where their similarity ends. Here is a breakdown of what each does.InvoicesWith Invoices you have more flexibility than with Sales Receipts:Estimates or Sales Orders are easily converted to Invoices with a click of the mouseWith [...]
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