Remote work has gained a lot of popularity since the start of the Covid-19 pandemic. When most businesses were forced to adapt to remote work
Online tools for your small business will help you market and promote your products. When it comes to marketing your small business, there are many different things to consider.
Construction accounting is a specialized branch of accounting that deals with the financial management of construction projects. It is a complex area that requires in-depth
As a business owner, you have many responsibilities to keep track of, from managing employees to maintaining accurate financial records. One of the most important
Work in progress (WIP) is a term used to describe the costs incurred on a construction project that have not yet been billed to the
In today’s world, where technology is on the rise, you should stay ahead of the curve and giveyour business a strong web presence. As a
Every business wants to increase revenue and minimize costs, but cutting down on overhead costs can seem like an overwhelming task. Fortunately, there are some
Stand Out at Trade Shows Image from: https://www.pexels.com/photo/girl-arranging-displays-for-sale-2155544/ Trade shows are important opportunities for businesses to connect with potential customers and create a positive impression
Estate Planning Definition Estate planning is the practice of creating a plan for how an individual’s asset base, known as their estate, will be managed/distributed/preserved
Fractional general counsel services – or outsourced general counsel services – are a new solution that harnesses the power of remote communication to create a cost-effective, high quality, efficient solution for providing in-house legal services to small to medium-sized companies.
If your revenues are falling, it is important to take a step back and figure out what is causing the decline. There are several potential
Personal finances are a tricky subject—some of us are excellent at keeping track of our money, others… not as much. If you’re on the ‘not
Got questions about finance and accounting? Each week we talk profit and answer your questions.
Businesses today face a series of challenges that require them to pivot and change their operations to stay ahead of the competition. The world is
Got questions about finance and accounting? Each week we talk profit and answer your questions.
As a business owner, you should always be prepared for an economic downturn. A recession can negatively impact your business in many ways, so it’s
As an aspiring entrepreneur, deciding on the type of business you want to launch isn’t always easy. There are many options, each with benefits and
The goal of every business is to be successful. The issue is that the worldwide market is becoming more competitive; you require a boost to
Got questions about finance and accounting? Each week we talk profit and answer your questions.
Got questions about finance and accounting? Each week we talk profit and answer your questions.
Got questions about finance and accounting? Each week we talk profit and answer your questions.
In the last article we talked about a potential buyer for your business asking to see the books. If your stomach churned a little wondering
You finally arrived at the end; you have an interest from someone to buy your company. But they want to look under the hood.
Got questions about finance and accounting? Each week we talk profit and answer your questions.
You likely have heard the term robbing Peter to pay Paul. What you probably don’t know is that process (the robbing one) is called cash-flow and it affects just about everything you do in life and business.
We all know it’s tough out there. Many contractors and subcontractors are concerned about rising costs and with business being so good in most markets
Got questions about finance and accounting? Each week we talk profit and answer your questions.
Got questions about finance and accounting? Each week we talk profit and answer your questions.
Got questions about finance and accounting? Each week we talk profit and answer your questions.
Got questions about finance and accounting? Each week we talk profit and answer your questions.
The New Year has arrived, and you may be considering striking out on your own. If you work in construction and have the necessary talents,
If you’re a subcontractor looking to get started, here are some of the most common mistakes and blunders that subcontractors make, as well as how
by Joe Garecht When it comes to online marketing for your small business, nothing can beat your e-mail list. Sure, social media is important for reaching
Photo by olia danilevich from Pexels When it comes down to it, an emergency fund is simply money that has been put aside to deal with life’s unforeseen
Most physicians will confess that they’re terrible at drawing blood. However, it’s not a talent they employ on a daily basis, so they may be
Photo by Karolina Grabowska from Pexels When it comes to personal finance, you can’t afford to be clueless. Without a budget that compiles your total expenses and gives
The ever-increasing amount of freelancers around the world means companies now have access to a large talent pool of specialists in numbers never seen before.
If you’re trying to fill several roles at your company and boost employee retention rates, it’s time to think about offering new benefits. Using a
In today’s marketplace, successfully branding your small business is essential. Your brand makes your company stand out from your competition and, when done correctly, leaves
If you want to achieve financial success, it’s important to make wise choices as soon as possible that will yield long-term rewards. Start with the
A credit score refers to the arithmetic analysis history and is the standard technique lenders use to determine your ability to repay your requested loans.
Investors are expressing their concerns about the future of private equity firms due to the recent economic downturn. On the other hand, many private equity
Photo by Karolina Grabowska from Pexels Investing is something everyone should do. By investing your money, you’re putting it to work for you. The more
By Ashley Ingle, CEO at Profit Matters. As seen on Forbes.com You’ve either decided you need a chief financial officer (CFO) because you are tired of
Regarding running your company efficiently, leveraging the correct tool can be the determining factor whether you succeed or fail. Nevertheless, selecting the right tools for
Today, there is a tremendous surge in health care goods and services which has contributed to financial strain on patients and families. The rise in
Opinions expressed by Entrepreneur contributors are their own. The conventional startup story goes something like this: An entrepreneur has an amazing idea, leaves their day
Opinions expressed by Entrepreneur contributors are their own. Long gone are the days where selling a product or service meant merely making a promise of
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a
Opinions expressed by Entrepreneur contributors are their own. There’s a lot that goes into planning a robust franchise digital-marketing strategy, and if you’ve hired an
Opinions expressed by Entrepreneur contributors are their own. Prevailing wisdom would have us believe that we must avoid failure at all costs and that success
Opinions expressed by Entrepreneur contributors are their own. Outside of the horrendously greedy, there are very few people who would argue that generosity is not
Opinions expressed by Entrepreneur contributors are their own. Not so long ago, expanding your brand internationally meant one of two things: building a brick and
Opinions expressed by Entrepreneur contributors are their own. The business environment has been evolving rapidly worldwide, where we have seen immense changes in the different
Opinions expressed by Entrepreneur contributors are their own. At the end of summer 2020, Americans had spent 14 billion hours — that’s 1.6 million years —and $73.2
Many people have a difficult time managing their personal and business finances. The reason is that they don’t know how to separate them. They might
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a
Opinions expressed by Entrepreneur contributors are their own. I’ve been doing startups for 22 years, but it took me the first five or six
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a
Opinions expressed by Entrepreneur contributors are their own. You can only get by on your own for so long because in order to grow your
Opinions expressed by Entrepreneur contributors are their own. Email marketing is either alive and well or completely ineffective depending on whom you ask. And it
Opinions expressed by Entrepreneur contributors are their own. Running a successful startup is a constant challenge. While many entrepreneurs thrive in this environment, it can
Opinions expressed by Entrepreneur contributors are their own. The world of business is like a kaleidoscope – the picture’s never the same for very long.
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a
Opinions expressed by Entrepreneur contributors are their own. Most people who use podcasts as a content creation engine often fail to get the maximum mileage
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a
Opinions expressed by Entrepreneur contributors are their own. A company’s access to information, ideas, tools and other resources is at an all-time high, but it’s
Financial literacy isn’t something that’s taught at school most of the time. As a result, plenty of adults wind up in difficult situations. Once there,
Running a business is a lot of work. It’s easy to get lost in the daily grind, but it’s important to keep making improvements that
Tax season is always a stressful time of year for many people. This is especially true when it comes to business owners. They are trying
The list of high-paying jobs out there today is immense, and you need the right qualifications before choosing the right one. Aside from relating your
You’ve put in many long hours of training for your job. Your work is important to you. It’s your passion. You plan on being with your employer for the long haul.
Here at Profit Matters, we are a team of dedicated, trustworthy and loyal bookkeepers, accountants, and CPAs who are on a mission to help business owners. Our team focuses on accuracy, efficiency and easy communication.
The banking sector is one of the major sectors in any economy. In modern-day and technology, this sector has been experiencing major changes.
Digital marketing is getting very crowded, and the competition in the landscape is becoming more challenging each day.
In today’s world, brands employ a variety of marketing methods and channels to increase their business. There are many marketing strategies out there; however, affiliate marketing is one of the best.
Here at Profit Matters, we are a team of dedicated, trustworthy and loyal bookkeepers, accountants, and CPAs who are on a mission to help business owners.
One of the major goals of every business is to earn profits from business operations. In turn, while providing products or services to customers and solving their problems, every company has its eye on a goal.
Here at Profit Matters, we are a team of dedicated, trustworthy and loyal bookkeepers, accountants, and CPAs who are on a mission to help business owners.
With the onset of the 2020 global pandemic, there is an increase in remote communications and online meetings.
Investments are assets you purchase with the goal to create income or appreciate in value. Individuals make investments with the hope that the payoff in the future will exceed its original cost.
Here at Profit Matters, we are a team of dedicated, trustworthy and loyal bookkeepers, accountants, and CPAs who are on a mission to help business owners.
Here at Profit Matters, we are a team of dedicated, trustworthy and loyal bookkeepers, accountants, and CPAs who are on a mission to help business owners.
Chatbots are changing the way that customers interact with retail companies and other service providers.
The best teams are magic. Roles and personalities complement each other. The whole becomes greater than the part. Performance soars. Profits increase.
The definition of freelancing is somewhere between gig work and part-timing. In contrast, owning a small business can seem like a much more prestigious prospect.
LifeGuides President and CEO Derek Lundsten is the first guest joining our new show Money Talks!
Here at Profit Matters, we are a team of dedicated, trustworthy and loyal bookkeepers, accountants, and CPAs who are on a mission to help business owners.
The following case study explains the impact that Profit Matters can have on business profits and growth.
If there is one thing that businesses cannot avoid considering, it is bookkeeping or, more officially put, accounting.
Here at Profit Matters, we are a team of dedicated, trustworthy and loyal bookkeepers, accountants, and CPAs who are on a mission to help business owners.
Here at Profit Matters, we are a team of dedicated, trustworthy and loyal bookkeepers, accountants, and CPAs who are on a mission to help business owners.
As our team continues to grow we ask our employees to go beyond their job titles and dive into what makes them the person we see today.
As you’ve probably already heard, Congress passed the Consolidated Appropriations Act, 2021, (the “Relief Act”), which includes a relief package consisting of $900 billion in aid to small businesses and individuals impacted by COVID-19 on December 22.
As our team continues to grow we ask our employees to go beyond their job titles and dive into what makes them the person we see today.
Have you always wanted to launch a business? If you’re waiting for the pandemic to end before embarking on the entrepreneurial path, you might be missing out!
Have you ever seen a competitive sport that has no scoreboard? What if there was no score to be tracked and no time to be watched.
One might think, sure…if I’m going to invest millions of dollars into a business and also operate as the CEO, then I should know a thing or two about said-business.
Working for yourself might sound like a sweet gig. But the truth is, becoming a business owner takes some prep work – and the right tools.
I want to start this post by commenting on what a bada** Ashley Altum is (sorry for the poor grammar). She is the definition of a #bossbabe and she’s also freaking fun!
I sit in on a lot of CFO/leadership meetings for many companies, big and small, and I notice how fast those who are obsessively concerned with the top line revenue lose sight of what matters most – profit!
We are told our entire lives that “there are no dumb questions”, but we still often times fear asking them.
Does tax season make your skin crawl? When the looming dates of 3/15 and 4/15 approach do you get all squeamish and want to hide in a dark cave? Or is this just me…. Well fear no more!
Welcome back to another extremely informative, always entertaining, and just flat out amazing episode of The Funny Money Show!
You got it…today we’re talking about something your small business can NOT be without…accounting software!
In a time where layoffs are happening and businesses are closing at increased rates, you’re not alone if you find yourself in between jobs.
The goal of every business is to sell more…isn’t that so? In the competitive business environment, many small and large business owners are constantly facing a common dilemma – to increase their business sales.
Welcome back for another episode of The Funny Money Show! We are so thankful for you and so happy you’re here.
Here at Profit Matters, we are a team of dedicated, trustworthy and loyal bookkeepers, accountants, and CPAs who are on a mission to help business owners.
Here we are again talking about a three-letter acronym. In my opinion, the accounting and finance world has way too many of these!
Here at Profit Matters, we are a team of dedicated, trustworthy and loyal bookkeepers, accountants, and CPAs who are on a mission to help business owners.
Alright, we have to admit this is a bit of a somber episode only because of the subject.
Welcome back to another episode of The Funny Money Show! To start, we want to introduce to the show’s fill-in host, Colleen Lotz (okay gig is up, that’s me, yes I write these show notes and produce this show!!)
I get asked daily, what’s the single thing that makes the most difference in a company’s profitability?
Episode 5 isn’t quite living up to the name of the Podcast—Funny Money—but this episode is jam packed with vital information…it is a MUST LISTEN!!
Dr. Cortney Baker and Ashley Altum are getting crazy on this episode as they dissect the insides of the financial statement.
Buckle up, we’re going on a crazy ride this episode as Ashley and Cortney throw words at us like “balance sheet”, “equity”, “assets”, and “liabilities!”
Shit is hitting the fan with this economy. Small businesses are scared, large businesses are on the edge of their seat, hell I’m personally scared almost every day!
If you run a non-essential business, you’re likely feeling the bitter effects of the coronavirus shutdown. And you’re not alone!
For all the time you put into your business, achieving success takes more than just hard work.
Small financial moves can make a big difference for small business owners during economic turbulence.
You may be tempted to leave this page or leave this window open to read another time.
There is a great deal of confusion between the terms bookkeeping and accounting.
Are you avoiding upgrading business technology due to high upfront costs?
There’s no arguing about it – No one is perfect. Even big corporations make accounting mistakes all the time.
Hiring a bookkeeper can sometimes feel like a burden to your business especially when starting out.
Tax evasion is a common malpractice among businesses. While innocent mistakes in reporting might occur every once in a while, willfully evading taxes can have some serious consequences on your business.
Keeping your finances in good shape easily be a full-time job for many of us.
As a business owner, analyzing financial statements gives you key insights necessary for understanding what is working and what requires some improvement.
Real estate as an industry has many facets that are confusing, and the accounting part is certainly not as easy as many like to think.
I’ll be honest with you: accountants and bookkeepers are some of the smartest people in the business world.
We are proud to announce that Profit Matters Bookkeeping has been named a top B2B IT & business services companies in Texas.
Numerous research reports have shown the tragic failures most entrepreneurs go through in their pursuit of self-employment.
Many business owners will agree that accounting can be quite boring if you’re not a mathlete.
Most people have a moderate understanding of the bookkeeping function. Bookkeepers bring specialized skills that cannot be compared to any latest accounting or bookkeeping application.
Becoming an adult brings lots of independence and fun perks, but it also means you are responsible for your financial well-being.
Periodic bookkeeping is a common practice in all businesses. While some generate accounting reports on a daily or weekly basis, each month businesses are required to remit various statutory deductions to relevant bodies, as well as issue and settle pending invoices.
Change, they say, is constant. It is important for businesses to keep on improving their operations to keep up with the market dynamics.
Real estate is one of the most complex industries when it comes to accounting. Accounting personnel is expected to follow a stringent set of guidelines as stipulated in the law.
Now, I know what you’re thinking – I’ll just catch up on last months bookkeeping before the month ends.
Bookkeeping has been around since the beginning of time (almost), and it continues to go through new phases as time passes by.
For about a year now, we’ve been serving businesses with bookkeeping services, financial accounting, and payroll processing.
Today, let’s put aside all the jargon associated with bookkeeping and have some fun.
Worried about the state of your books of accounts? Don’t sweat it.
Everyone agrees that bringing yourself to account for resources in your possession is a great thing to do.
A lot of people tend to confuse bookkeeping with accounting.
Only countable individuals get to build truly sustainable businesses in their lifetimes.
Let’s for a moment, imagine that all the business applications you know of today vanished in thin air; how would life be?
There’s no doubt that accounting and bookkeeping fundamentally require high levels of accuracy, efficiency, and effectiveness; if any of these ingredients is missing, you might not get the best out of the practice.
They say in life, only two things are certain – death and taxes. And since you’re still here reading this, the only thing you have to deal with is the latter.
Here’s a quick one for you – have you ever come across a business that runs without an accountant or a bookkeeper and still thrives?
Starting a business is one thing; but running it successfully is a whole different thing altogether.
Many a time small businesses find it useful to outsource a portion of their operations perhaps to concentrate on those they consider to be of greater importance.
Financial statements can sometimes be confusing, especially to individuals with little to no financial education background or experience; but it could get even worse when as a business owner, you’re unable to comprehend facts and figures in your Income Statement.
In this day and age, businesses have many things to worry about – some include sales revenue targets, employee retention, laws, competition, just to name but a few.
Today, technological advancements in the business sector are some of hardest to catch up with; in fact, according to a study conducted by Robert Half Management and published by Business Insider revealed that 41% of the interviewed CFOs cited tech innovations as one of the main causes of stress at work.
Running a business and wondering whether it is important or not to work with a bookkeeper who is experienced?
Do you ever feel like taxes are that one nightmare you’ll never be able to wake up from?
Are you pouring each dollar your business makes back in hoping to break even sooner rather than later?
Whether you’re feeling stuck or just went into hyper growth mode, you may want to consider hiring a business coach.
If you were to be asked to gauge the performance of your business today using some verifiable metrics, would you be able to?
Today, emailing is one of the most popular ways of communication within and outside the office.
Ever since our junior school years, we were taught about how good it was to be an “all rounded” individual who can fit in any sector or environment.
For most entrepreneurs, the mere thought of taking part in managing their company’s books of accounts churns their stomachs.
One of the most effective ways of minimizing the risk of fraud is through outsourcing your bookkeeping and control functions to an experienced professional.
Imagine looking at your debtors’ list and noticing figures that are a couple of years old, amounts with mysterious account names, abnormal credit balances and so on.
Businesses can only survive if they cash in more money than they cash out.
We’ve come across a number of businesses at a critical stage of their growth – a stage where the revenues start surpassing the set targets and everything seems to get overwhelming for their lean teams.
PROFIT MATTERS LLC IS NOT A CPA FIRM. WE DO NOT PROVIDE ATTESTATION OR ASSURANCE SERVICES Copyright 2022 Profit Matters, LLC | All Rights Reserved | Site by DigitaComms
7 Areas We Improve to Exponentially Grow Your Business
