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Success Tips
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Consultants focus on strategy, the big picture, giving your business a global perspective.
Synthesis actually handles the work that results from this strategy!
Know where your money is with accurate, concise, readable reports that reflect your specific business categories and requirements.
Allow us to organize a simple yet effective financial system.
Accounting Tips
Organizing Your QuickBooks Reports (Apples to Apples)
Is your company making progress? Comparative Profit & Loss’s are the best method to determine whether you are gaining, holding or losing ground. Although most P&L’s give you a year-to-date figure, with an option to do a 2-year comparison, sometimes it’s better to look at a 3-month comparison, drilling down into the particular months and percentages:
Start by creating a Standard Year-to-Date Profit & Loss Statement:
Costs vs Covered Costs in QuickBooks
I had a client recently ask for an analysis of Labor Costs vs. “Covered” Labor Costs. In other words, several of their management personnel are invoiced for the cost to employ their assistants. The Big Boss wanted to know how much was covered vs. how much remained overhead burden.
Easily done! First, run a Payroll Summary for a certain time frame (I used the first 4 months in 2010):
Comparatives and Clarity Check
This month, take a minute or two to look at your Chart of Accounts. Your Chart of Accounts is what translates into your Balance Sheet and your Profit & Loss Statement. Are you getting the information you need? Are your ratios comparative to last year even if Revenues are up (or down!)?
May is a great time to take a look at your Profit and Loss (also called Income Statement) Year to Date to determine whether your financials are giving you the feedback you require to make critical business decisions.
Tracking Mileage in QuickBooks
There’s a feature in QuickBooks that can be very handy if you are billing your travel time to clients: Vehicle Mileage Tracking.
You can start the simple wizard by clicking: Company|Enter Vehicle Mileage
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ACT! Training
Do you have access to the #1 Contact Management Program in America but can't make it sing?
We can! We have used ACT! since its 2nd ACT! version and credit this program with growing our business exponentially over the years.
Accounting Services
Know where your money is with accurate, concise, readable reports that reflect your specific business categories and requirements.
Allow us to organize a simple yet effective financial system.
Sales & Marketing Support
Consultants are excellent at helping teams coordinate their efforts so everyone in the company is heading in the same direction.
It's the implementation of that strategy - the consistent 'doing-ness' of sales - where Synthesis provides support.
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