
Is your profit playing hide and seek?
Many a business owner has run a profit and loss report with a nice net profit and wondered “why is there no money in the bank”? Well, my friends, that business owner has failed to also run a balance sheet report. The profit and loss simply shows how much income and expenditure there has been during a select period of time. However, that income and expenditure relates only to the sales, and the expenses, that are not capital in nature. Did I lose you already?? Well, any item

Get your ducks (or chickens) in a row for the year ahead
It's the start of the new financial year. Now would be a great time to review the year that was and make a plan for a year that will be. And, did you know, us bookkeepers can help you with that. Yes!! We don't just enter numbers into the computer. We can prepare a set of reports that will give you valuable insight into how your business did and help predict how it will do. So how can we do this? Cash Flow Projections We may not have a crystal ball, but by looking at prev