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Understanding Gross Margin

Ignoring your financial statement is like ignoring the health of your business. Startups and new business owners often overlook understanding gross margin. This can have a direct impact on your ability to effectively manage a growing business, price your products, and most importantly, make a profit. Gross Margin Overview The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold. The higher the percentage, the [...]

Small Business Accounting

Of all the systems a small business needs, the accounting system is arguably the most important.  Yes, you need marketing, yes sales, yes operations, HR, and lots more.  But how do you know what you can afford, what you can and should pay, and most important, what you can cash flow?  The accounting system is the answer or a large part of it. Lucky for us in this day and age, the options are limitless and many are quite affordable.  [...]

basic-bookkeeping

Bookkeeping Basics for Small Business

  By JamieD Published: March 24, 2010, Updated: February 16, 2011 on https://www.sba.gov/blogs/bookkeeping-basics-small-business Whether you keep your books on paper, through computer software, or hire an accountant or bookkeeping expert, proper bookkeeping practices are important to the operation and survival of any business. Without them, your business is susceptible to not only cash flow issues, but potential legal problems as well. To help business owners have a better understanding of smart bookkeeping practices, we've compiled a quick guide on the basics. Business bookkeeping serves two purposes - to [...]

Accounting Software for Landscape Today

Getting Started with Accounting Software

Whether you are looking to leave the world of Microsoft Excel spreadsheets or step up to a more robust accounting system, finding and picking out the right accounting software package is not easy.  It is a demanding decision and one you want to get right. Lucky for all of us, the web is loaded with great review sites and helpful hints.  In fact, we used a lot of them as we were starting this business and were amazed at how [...]