Author: Rayanne Buchianico

While Net Profit and your cash balance are probably the first two numbers you look at on your monthly Profit and Loss Statement, don’t stop there.  There are a lot more gems you can glean if you dig a little deeper and look through the following six lenses at your data. Automation Opportunities Look at your labor detail reports as well as professional and outsourcing expenses to see what areas might be ripe for automating. …

Many people have complained about the worker shortages this year. If you need additional workers in order to grow your business, here are some ideas for your consideration. Where to Look for Workers We may think of workers as only being employees, but there are a lot more options if you’re open-minded.  Here’s a list of places to find workers of all kinds: Recruiters Employment agencies Online job portals, such as Indeed, SimplyHired, and ZipRecruiter.…

If you’re a business owner who wants to continually find ways to increase your profitability, then you’ll want to learn about direct and indirect costs. Breaking out your expenses into direct and indirect categories can help you arrive at the most profitable volume of sales for your business. Direct Expenses Expenses that fall into the direct cost category are ones that relate directly to the items you sell. Here are some examples. If you have…

You may already be doing your part to help save the planet. From recycling to driving electric cars, to avoiding the use of plastic bottles and carrying reusable bags to the grocery store, there are myriad ways for all of us to make a difference—both big and small. However, it may be important to stop and ask ourselves: Are we currently doing enough?    If you have considered pursuing an even more sustainable lifestyle, guess…

While we all have to keep our monthly books up to date for tax and other compliance reporting purposes, we should never stop there. Your books hold a wealth of information that you can use to run your business better.  Here are five reports you should never be without. Budget-to-Actual Profit and Loss Statement Hopefully, you’ve already seen how powerful the Profit and Loss Statement is. Let’s take it a deeper level and add budget…