fbpx
profit first bookkeeping

What Is Profit First Bookkeeping and Can It Help Your Business?

Profit First is a revolutionary accounting system that throws out the old rules of accounting. This method takes a percentage of the sales to pay owners first. Separate accounts are created to set aside certain percentages of what’s left for other costs. Owners must modify their expenses to fit the model. Profit First turns businesses into money-making machines. It’s a system that’s easy to understand and use. Here’s a little more information about what Profit First bookkeeping is. A professional service like Venus Michael Account-Ability can get you started with this proven method for increasing profit

Continue reading

profit first

What Does It Mean When an Accountant Says “Profit First”?

Profit First’ was developed by Mike Michalowicz to help small business owners maximize their profits and grow successful businesses. This financial rescue system puts profit ahead of expenses. It changes up traditional accounting rules to ensure that your business maintains predictable profits. This system shows you how to allocate certain percentages of the revenue you have coming into best benefit you. Essentially you are prioritizing your pay as owner followed by your taxes, and other operating expenses. 

Continue reading

Bookkeeping

5 Reasons Why Your Business Needs an Experienced Bookkeeper to Stay Out of Trouble

With an experienced bookkeeper on board, you can spend more time focusing on improving and expanding your business. There’s no lost time worrying about making mistakes in your records when you let an expert handle it. You can be confident that your books are accurate and up to date. Let’s talk about some of the reasons why having a professional bookkeeper maintain your accounts can eliminate costly errors and keep your business running smoothly.

Continue reading

Bookkeeper

7 Essential Qualities of a Good Bookkeeper

A bookkeeper is a person who handles all your finances, manages account books, files taxes, and advises on critical financial decisions. A bookkeeper can either be an individual or a firm that offers bookkeeping services.

To enjoy all the benefits a bookkeeper can provide, you need to find the right one for your business. Here are seven essential qualities that every bookkeeper must possess:

Continue reading

Bookkeepers

10 Ways Bookkeepers Benefit Small Businesses

Nearly 82% of all small businesses fail because of poor cash flow management, according to a US Bank study. Another study claims that almost 60% of business owners feel they have inadequate accounting knowledge. 

Despite the telling statistics, business owners resist hiring a professional bookkeeper for their accounting needs. Here are ten ways a bookkeeper can add value to your business:

Continue reading

Bookkeeping for Business

A Beginner’s Guide to Bookkeeping for Business

A small business owner has a wide range of roles to play, from a sales manager to a customer care representative. Too often, entrepreneurs also add bookkeeping and accounting to their long list of tasks. However, many are unaware of how detailed and extensive their business accounting and bookkeeping knowledge must be to correctly and efficiently maintain their books.

Continue reading

Business Accounting

6 Reasons to Hire a Professional for Business Accounting and Cash Management

Finance is the lifeblood of all businesses. No matter its type or size, every company needs a steady cash inflow to survive and grow. However, not everyone is well versed in cash flow management or day-to-day bookkeeping.

Many business owners, especially if they have a small business, try the DIY method for bookkeeping. They don’t realize the benefits of hiring professional bookkeeping and accounting services in the USA. Following are the benefits:-

Continue reading

  • 1
  • 2

Copyright © 2021 Venus Michael