We Don’t Just Count Beans

I recently read an article about bookkeepers and got to thinking—we do that. The part of the article that spurred this follows:

I believe that if accountants were more proactive, they could actually help more small businesses stay in business and do their part to make a big dent in reviving the economy.

I truly believe we have such valuable skills that there are millions of people who really need us right now, if only we would speak up just a bit more. —Sandi Smith Leyva

At Moore Bookkeeping, we do speak up. We tell you things we notice, even if they aren’t what you hired us to do. For example, one of my clients recently related a problem she was having keeping track of receipts from her other office hundreds of miles away. I knew her employee had an iPhone, so I suggested she have him use DropBox. It’s an online storage facility that anyone can logon to–free. I suggested she have him scan and upload his receipts to DropBox, and they would be immediately available to her, not to mention once uploaded, she could have him trash his paper copy or stick it in a box somewhere.

Sharing this little tidbit—really not what she hired me to do—has made an enormous difference in her business’ productivity. It makes me no extra money– I told her because I knew it would work, and that’s my job–help my clients in whatever way I can. She can’t thank me enough—and she’s already decided to pay for extra storage space to get all of her records off her desk.

The way I look at it–our clients do better, everybody wins!

At Moore Bookkeeping, we don’t just count the beans—we help you find ways to make better soup.

Second Quarter has Ended…How are Your Company’s Numbers Looking?

Half of 2012 is gone now…hard to believe how quickly the time goes. But more importantly, how did it go?

The Profit & Loss statement (P&L) can give you a good idea of how it’s going. Do you review this report regularly? You should! You’d be amazed what the report can tell you! It might look like a bunch of numbers, but the information in can be used to make important business decisions! Let’s take a look at some of the things you can glean from this report.

At the end of every accounting period review this report, and ask yourself these questions:

  1. How are my sales/income figures? How do they compare to last month, last quarter, and last year? How are the numbers trending, up or down?
  2. What does the Cost of Goods look like? Percentage-wise, are the numbers trending up or down?
  3. What do my fixed costs look like? Am I paying more now in certain expense categories than I was last month, last quarter, or last year?
  4. How is my business doing overall compared to the past?

Once you’ve asked yourself these questions and considered the answers, it’s time for the biggest questions of all–“Why?” And “What can I do about this?”

Financial statements aren’t just for the tax man–they provide the information you need to run your business.

If you need assistance understanding or preparing your financial statements, give us a call. We’d be happy to help.

Credit Card Calculator – CalculatorWeb

Credit card debt is a nightmare, but sometimes a credit card is the only solution to a short-term cash flow issue. If you have any credit cards with an outstanding balance, here’s something you might find useful.

This is a very handy calculator for figuring out how long it will take you to pay off your credit cards. You can input multiple cards, too, and print reports to track your progress.

Credit Card Calculator – CalculatorWeb.

Cheers for the not-so-mighty dollar – 1 – global currency – MSN Money

I’m trying to decide if this is good news…

Cheers for the not-so-mighty dollar – 1 – global currency – MSN Money.

Online Social Security statements

Social Security Statements are reports the IRS used to mail out every year to let you know how much money you made (and what funds you will have available come retirement age, presumably.) Apparently, they don’t mail them anymore. I didn’t always get mine (wayward mail, perhaps), so I hadn’t noticed until I read this article.

Perhaps the IRS is saving some money this way…Now I can go online and see it anytime now. Smart.

Online Social Security statement – Cool Sites from The Kim Komando Radio Show® & Web site.

Taking The Mystery Out Of Retirement Planning

Here is a great pile of information on retirement! It covers these topics and more:

Table Of Contents

Take a look and make sure you’re ready…

Taking The Mystery Out Of Retirement Planning.

5 Costs Of Financial Procrastination

How easy is it to procrastinate the things we don’t like doing–say, dealing with our finances for example? Very. But there are costs associated with putting these things off. Sometimes it’s better to jump in, feet first, and get started.

Contact Moore Bookkeeping today to see if we can’t help you get a quick, strong hold on it all!

5 Costs Of Financial Procrastination.

Economic Outlook, Indicators, Forecasts – Your Business

The U.S. economy will grow 2%-2.3% in 2012. Despite a slowdown from the 3% pace of growth in the final months of last year, the economy will better its lackluster 2011 performance of 1.7%. Although growth started and ended last year relatively strong, it faded badly in the middle. We expect the tempo this year to pick up in the second half of 2012 and stay up through year-end. Still, growth will run shy of the pace needed to significantly lower the unemployment rate.

Consumers are finally opening their wallets after four years of saving more in an effort to restore wealth lost in the housing crash and the 2008 stock market drop. Now, even those with sizable debt are willing to borrow more or dip into savings to buy essentials, including big-ticket items such as cars. But higher energy prices, due mostly to heightened tensions with Iran, will keep consumer spending from rebounding dramatically. It will end 2012 only slightly higher than in 2011.

via Economic Outlook, Indicators, Forecasts – Your Business.

Networking…it’s not just for computers anymore

How many people do you trust with your money? If you’re like me, the answer is “very few.”

And not just trust people with our money—trust them in general? Not a whole lot of people in that group either, is there? So, why is it hard for us to trust? I’ve been thinking about this a lot lately.

Who do I really trust?

I trust the people I know, the people I met long before I needed anything from them or they needed anything from me. I learned to trust them when I determined they were trustworthy.

The one thing I can tell you about the bookkeeping life is I do most of my work ALONE. I sit in a room, adding numbers by myself. Hard to meet and get to know people enough to trust them and have them trust me when I never leave the house…

So, ladies and gentlemen, today’s lesson is this: we’ve gotta get out of the house sometimes! Conferences and clubs and groups…we have to meet people. We can help them, and ultimately, they may be able to help us.

Once they get to know us, they’ll love us, right? And we’ll learn to trust them. Win-win.

Two of the newest groups I’ve joined are below. For more information on joining the following organizations, click on the links:

Bedford Chamber of Commerce

Smith Mountain Lake Chamber of Commerce

Writers Only « Moore Bookkeeping

If you’ve ever wanted to be a writer, you’re in good company. Most of the people I know either have written a book or would like to. The trick is knowing what to do with the money you’ll make! Take a look at the “Writers Only” section of Moore Bookkeeping for a book now available to guide you along the path!

Writers Only « Moore Bookkeeping.