July
31
2010
Whether you are a new start-up, or an existing business, there are (3) important financial analysis reports you should create on a regular basis, especially if you are seeking funding for the business:
- Profit and Loss Statement - This report shows you your income, your operating expenses, and the Net Income or Profit from all your hard work. Analyzing this report regularly will show where you may be spending too much.
- Balance Sheet - This report shows your Assets such as cash, accounts receivable, inventory, equipment, furniture, building, and land; your Liabilities such as short/long term notes, accounts payable, taxes, and interest; and your Equity in terms of invested capital, and retained earnings.
- Cash Flow Statement - This report shows how your cash position changed over a period of time. It shows the amount of cash earned from profit, where you received additional cash, and where your cash was spent in terms of operating, investing and financing activities.
Two documents that are particularly helpful for New Businesses are are the Start-Up Costs worksheet where you will estimate the capital you will need to open your doors, and the Break-Even Analysis which will show the exact point where you will start making profit after covering all of your operating expenses.
These reports and more are built into QuickBooks accounting software. If you need assistance with managing the financial aspect of your business, please email MJB’s Office Solutions for assistance.
July
21
2010
Hello Everyone, I know, I have been delinquent in my Blog. However, SCORE has been my Mentor, and if you are new or and existing business, you need to check out the FREE Counseling and nominally priced Workshops!
Sincerely,
MJB’s Office Solutions
http://www.vcstar.com/news/2010/jul/20/bill-would-let-credit-unions-increase-loans-to/
December
10
2009
These days, it is difficult to find anyone, let alone Businesses, that are not strapped for time as they juggle perhaps their work, family, home commitments, and the unexpected life occurences that also steal time.
Have you ever thought about giving the Gift of Time? Whether for a Spouse, a friend or a Business Owner you know, everyone needs extra time from time to time, and a gift of a few hours could put you on their “favorites” list!
Contact MJB’s Office Solutions for information on purchasing a Gift Certificate for your Home or Business Office, or someone you may know that could use an extra hand with bookkeeping, marketing tasks including logo design and email marketing, office organization and administrative projects including that fun project of getting ready for preparing taxes!
Call or email Marla (that’s me) today, to purchase, more information or a special project request.
Sincerely,
Marla J. Blanchard, MJB’s Office Solutions – 805-433-3577
November
21
2009
New to Business? There is no need to be afraid of finances, QuickBooks is user friendly. MJB’s Office Solutions can teach you how install QuickBooks for your business and how to use it. Every Company file has a chart of accounts that may include the following: your bank accounts; credit card accounts; asset accounts like land and building; equity accounts for investors; various income accounts such as sales, interest, reimbursements; and expense accounts for whatever you need to track for your business.
The Item List is your collection of services, product offered, any tracked inventory items, discounts, payments, subtotals, or misc. charges you use to create invoices, receipts, purchase orders etc.
You can set up your regular Customer and Vendor information, create invoices, enter bills, and manage daily transactions easy as a download from your bank. If you have any questions about QuickBooks, please comment or email me at infomjbs@mjbsoffice.net.
November
21
2009
This is a new economy, and the landscape of “traditional” staff resources perhaps is due for a re-analysis as well, especially during the flu season and other staff related absences. Due to the unresponsiveness of the traditional employment resource agencies, I and similar breadwinners, have launched their own home-based businesses…mine is MJB’s Office Solutions with the assistance of SCORE,Ventura Chapter(www.scoreventura.org). The 25 years of office administration has proven to be an asset to small businesses, startups and non-profits who need the office duties covered so that they can build the business.
This is the time to reach out and support the Ventura County economy and its residents by using the talented resources that reside locally. After all, if one is ill, does one really want to work from home, and will they have the strength to do so and meet the Company’s expectations? Furthermore, parents working remotely due to family illness may understandably divert attention to the immediate family need. So, why not investigate other temporary staffing resources within Ventura County?
November
21
2009
MJB’s Office Solutions will help you analyze where to minimize expenses.
http://www.scoreventura.org/askscore_092904.html
October
12
2009
- You have all the Clients you need.
- You like multi-tasking.
- There is no need to grow your business.
- Your account has never been overdrawn
- You keep your budget in your head.
- You don’t have the office space.
- You don’t want to pay employee taxes.
- You pay your CPA to reconcile 12 months of receipts and statements.
- You prefer to spend your effort in non-revenue producing activity.
- The IRS will never audit your Business.
MJB’s Office will assist you and keep your CPA happy. Call Us Today.
October
5
2009
These are some challenging times and individuals and businesses alike should be paying attention to where they allocate their resources.
Are you paying more for bookkeeping, administrative, and marketing assistance than you need to in belt tightening times?
Now is the time to reassess your expenditures, and check out MJB’s Office & Consulting to help you save money.
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