![[VIDEO] How to make your Profit & Loss Statement Work For You](https://www.confidentcashflows.com.au/wp-content/themes/magazine/images/thumbnail-150.png)
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 […]
[VIDEO] Tracking costs for products and services – Which ones?
March 18, 2013 by Leave a Comment
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. But, exactly what costs should you be tracking to get accurate information relating to profit and cash flow for each relative service should you be tracking?
[VIDEO] Keeping business and personal financial transactions separate
March 8, 2013 by Leave a Comment
Sole Traders often ask me what costs they need to take into account in their business. A sole trader is just the structure of the entity that you’re using to run your business through. Whether you’re a sole trader, in other words you use your own name and are being taxed in your own name, […]
[VIDEO] The Dangers of Drawing on Your Business Profits
February 25, 2013 by Leave a Comment
Many business owners are not necessarily being paid a salary, in other words they’re not being paid a salary through the payroll but instead they are drawing profits as and when funds are available. But how does this affect your business and does it have an impact on your business?
[VIDEO] The Power of Measuring and Tracking Your Business Performance
December 27, 2012 by Leave a Comment
I’d like to share with you a challenge that one of my clients experienced and how he was able to overcome that challenge by measuring and tracking his business performance. The Challenge… He is a specialist pediatrician who was billing and charging based solely on time. When billing based on time, and you […]
