I often get asked by clients if they should be tracking the costs related to their different products and services. My answer to that is definitely. The costs you need to be tracking are both your direct costs and your hidden costs. By tracking what your direct costs are in terms of receiving your product […]
Archives for June 2012
Should I be tracking the costs related to my products and services?
June 25, 2012 by Leave a Comment
Make your Profit & Loss Statement work for you
June 18, 2012 by Leave a Comment
I am often asked by clients what a profit and loss does; what it actually tells you and what it should actually look like. The normal Profit and Loss Statement is basically a record of all your income and all your expenses; for example a normal Profit and Loss Statement has one income account, and […]
End of Financial Year – Is it ‘Crunch Time’ for Your Business?
June 14, 2012 by Leave a Comment
The months of May and June of each year are really crunch time months for many business owners. I am seeing evidence of this with many of the clients I work with. End of May is generally the deadline for small businesses to submit their income tax returns for the previous year. In other words, […]
