Does Your Company have the Bottom Line Blues?

Small businesses occasionally have to go through the hard knocks of learning to develop and maintain a bottom line that does more than just break even. Basic things such as hiring an office manager, or figuring out the best timing for payables can be the difference between success and failure.

Simply knowing exactly what you need to cover your overhead can keep your company ahead. Mike Yantis of Yantis discovered that his construction company had overhead issues. After close examination of where the company stood, he figured out how his company could bid jobs in the future based on whether or not overhead was covered first and profit managed second.

Collections are obviously one of the most important aspects of keeping your company going. Unfortunately, collection companies have had a 15% increase between ’94 and ’95. Small companies need to try to avoid relying on an outside collector to bring in revenue since this is simply another area where avoidable costs can be incurred. Simple interviewing techniques can help a company avoid collection issues.

Sometimes it’s good to give your company a financial physical to find out where weaknesses lie, understand why they exist and learn what can be done to avoid them in the future.

Upcoming CPE Webinars

Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.
Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.