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Category Archives: QuickBooks Bookkeepers Atlanta

3 Practical, Powerful Ways to Get a Better Handle on Your Business Finances

3 Practical, Powerful Ways to Get a Better Handle on Your Business Finances

As small business owners, we all have big goals, dreams and visions for our companies or firms. We see big success and a long-lasting impact, yet are often so bogged down in running our businesses that this picturesque future seems fleeting.

Our environment not only takes a toll on us, but also causes us to lose a sense of the big picture: handling our business finances. Having a handle on your business’ finances doesn’t just allow you to stay in business; it unlocks the key information to more powerful solutions and long-term success.

At Sound Business Services, we study your data, take actionable steps, and provide you with real solutions to ignite business growth and reach your true potential. Here are three practical, yet powerful ways to get a better handle on your business finances, and, of course, SBS is here for you every step of the way!

  1. Make sure that all your customer invoices and vendor bills are entered into your accounting system on a regular basis. There is no better way to know the current state of your business than to know what your current receivables and payables are at any point in time. Items should be entered into QuickBooks as they are generated or received. There are some powerful apps to help with this. We would love to set up a time to discuss these with you, and discuss how we can use these to help automate your AR and AP processes.
  2. Bring your books up to date on a weekly basis. We have been programmed by bankers and accountants to do our bookkeeping on a monthly basis, but it’s hard to make current business decisions based on data from last month. Looking back is good for evaluating past performance, but provides little benefit in understanding your current cash position.By bringing your books up to date on a frequent basis, you can know what your true bank balance is if all outstanding deposits and checks are entered into your accounting system. You’ll also know your current credit card balances and month-to-date profitability. At SBS, we choose a day each week that works best for our clients to get their books up to date. This way, clients have a point in time each week where they can evaluate their finances. We even offer a service where we send our clients a cash position report via email so that they can have their key numbers in front of them on a regular basis.
  3. Create an annual budget. Many of us think of budgets as rigid and static, but they can also be very positive as practical tools to help us chart a plan for the future and track our actual performance against our goals.Budgets can be created fairly easily using historic data and tweaked to include your future goals. Then, on a weekly (see #2 above) or monthly basis, compare actual performance against your budget. Projections can be easily made from budgets, giving you another powerful tool as you strive to grow your business. The old saying, “If you aim for nothing, you’ll hit it every time,” is so true. Either create an annual budget yourself or we can help you do it.

SBS is Your Trusted Advisor

These three steps may seem overwhelming and time consuming, but don’t worry; we are here to help! Contact us today to get the ball rolling, or with any questions, and you’ll be on your way to getting a better handle on your business finances, improving cash flow and skyrocketing your future.

SBS Client Profile: Lisa Zawacki of Gorilla Sacks

SBS Client Profile: Lisa Zawacki of Gorilla Sacks

Welcome to another Sound Business Services’ (SBS) client profile. We recently interviewed Lisa Zawacki, founder and “dZiner” of Gorilla Sacks in Atlanta, Ga. Here is what she had to say about the company’s unique name and backstory, what sets it apart, and what she gets out of the SBS relationship. Jonathan Bill: Tell our readers what Gorilla Sacks is…Continue Reading

The Facebook Business Page Tool to Measure Success: Facebook Insights

The Facebook Business Page Tool to Measure Success: Facebook Insights

As many of you know, we recently launched our very own Facebook Business Page, and feel so grateful and humbled by your outpouring of support. I’ll be the first to admit that social media is not my forte, but seeing the difference it made for others, we decided to dive in and are pleased so…Continue Reading

4 Ways to Land Referrals

4 Ways to Land Referrals

As small business owners, we constantly strive for growth – both personally and professionally. When it comes to the latter, there are few things more powerful and valuable than the almighty referral. But, unless you are a popular celebrity or professional sports athlete (which most of us aren’t!), neither growth nor referrals happen overnight. They…Continue Reading

The Facebook Business Page: A Hidden Gem for Business Growth

The Facebook Business Page: A Hidden Gem for Business Growth

For many of us, social media for business always meant one thing: LinkedIn. I was in the same boat, until recently – when I discovered the Facebook business page. As you may know, we recently launched our own SBS Facebook Business Page. Some of you have already visited and liked our page, and we even…Continue Reading

6 Tips to Being a Better Leader, Person and Small Business Owner

6 Tips to Being a Better Leader, Person and Small Business Owner

As you know, running a business is anything but easy, and success doesn’t happen overnight. Whether it’s building and training your team, networking with peers and prospects, or managing the day-to-day grind and back office work, you’re constantly pulled in a million directions, where decisions and actions are magnified. Yet, through it all, there are…Continue Reading

New QuickBooks Online Features: QuickBooks Invoicing for Gmail and Enhanced Reports

New QuickBooks Online Features: QuickBooks Invoicing for Gmail and Enhanced Reports

You’ve probably heard me say it before, but Intuit is constantly looking to improve your experience, and get you the tools you need to reach your potential and grow your business. Their latest wave of new features includes QuickBooks Invoicing for Gmail and new reports within QuickBooks Online (QBO). These enhancements will not only ease…Continue Reading

Entertainment Write-Off Going Away? 4 Ways to Show Your Customers Some Love

Entertainment Write-Off Going Away? 4 Ways to Show Your Customers Some Love

The days of taking customers to a sporting event or concert, and enjoying the tax benefits of keeping employees on premises for meals, took a turn with the Tax Cuts and Jobs Act of 2017. Keep in mind these changes do not affect tax filings for 2017; they begin with tax year 2018 – next…Continue Reading

Our 5 Favorite Apps for Tax Season

Our 5 Favorite Apps for Tax Season

As tax season kicks into full gear, our time – and running our businesses – becomes that much more important. But, don’t worry because Sound Business Services (SBS) is here to help you with both! With the power of QuickBooks Online (QBO), the flexibility of the cloud and those game-changing apps, you will be on…Continue Reading

SBS Client Profile: Tal Baum of Bellina Alimentari

Welcome to another Sound Business Services’ (SBS) client profile. We recently interviewed Tal Baum, owner of Bellina Alimentari in Atlanta, Ga. Here is what she had to say about the driving force behind the company, what sets it apart and what she gets out of the SBS relationship. Jonathan Bill: Tell our readers what Bellina Alimentari is…Continue Reading