Premier Accounting Services

30+ Ways Our Custom-Designed Small Business Management System Will Make You Money and Save You Money!

1. Send out customer statements on time so you can get paid on time.
2. Never lose track of a customer invoice
3. Know exactly whose behind in paying you, so you can follow up and get paid now
4. Never make another sale to a customer who isn’t paying their bills
5. Never risk losing a customer because you didn’t record their payments properly, or on time
6. Accurately calculate interest and collect it from overdue accounts
7. Reduce the need to borrow, due to poor cash flow
8. Don’t lose sales because you’re out of stock on items
9. Avoid rush delivery charges to obtain out-of-state items
10. Don’t waste money buying more of what isn’t selling
11. Set your selling prices based on profit instead of guessing
12. Concentrate on selling the most profitable items instead of the easy ones
13. Identify profitable cross-selling opportunities
14. Don’t sell a product at a loss because you didn’t take markdowns on time
15. Know which product lines to expand because they’re money-makers, and which ones to drop because they’re money-losers
16. Find out if you have a theft problem before it’s too late
17. Never pay a bill twice by mistake
18. Never lose a discount by paying a vendor late
19. Plan for your payment due dates and reduce the need to borrow
20. Maintain your good credit rating and keep your borrowing costs low
21. Obtain better credit terms based on your good payment history
22. Know how much payroll and sales taxes you owe, so you can avoid penalties and interest
23. Never write a bad check by mistake
24. Never pay another bad check service charge
25. Make sure all your cash receipts are credited to your account
26. Know when you have excess cash so you can put it to work
27. Keep track of all of your expenses in detail, so you know which ones can be cut back
28. Never overspend a budget
29. Get the maximum possible tax deduction for the expenses of running your business
30. Learn how much profit you’ve made and what your business is worth each month, so you :
31. Figure your profit on a cash or accrual basis so that you pay the lowest taxes
32. If you keep track of revenues and costs by job or project (contractors, landlords, attorneys, etc.
33. If you manufacture or assemble products (machine shops, bakeries, clothing makers, etc.);

If you think you don’t need to hire someone to keep your books, you may want to reconsider. Many new business owners spend more than they save both time and money-wise when doing the books themselves. Here’s what you need to know about letting go.

1) How much is your time worth?
Most business owners who do their own books contend that they want to maintain privacy of their financial matters. However, most of them spend far too much time focusing on keeping their books in order and therefore, forfeit time that could be spent on other tasks or with family, friends, or even relaxing.

2) Find yourself scrambling to get your books in order for tax season?
If your books aren’t in order, you risk having your CPA (who can cost as much as $150/hour) having to organize them prior to doing your taxes. By having them ready to go and properly prepared, you can save valuable time and money.

3) How much do you really know?
Bookkeepers are skilled in just that: keeping books. It’s what they do for a living. Not only can they make sure your checks are written out properly and expenses and assets are properly accounted for, but they can also find different tax exempts you may not be aware of currently.