by bruce on September 3, 2010
Business Budgeting, Forecasting, Cash Flow Software.
Up Your Cash Flow TM
Up Your Cash Flow XT2-2009
Create cash flow forecasts, financial analyses and develop a cash management plan, quickly and efficiently – without the use of complicated spreadsheets or formulas. It’s all built into Up Your Cash Flow. From start-ups to SBDCs to CPAs – the program was designed for forward-looking, business-minded individuals who desire a look into their financial future.
My company, Van Cleve Payroll, owns a copy of this software, and I know how to use it!
If you are running your company, making decisions based solely on your accounting system, like QuickBooks, that is like driving your car down the road by only looking in the rear-view mirror! You are only looking at the past, history. You need to start looking forward!
by bruce on September 2, 2010
CASE STUDY
Dentist Office in Erie County with about 14 employees.
Note: The 2 employees under the “old way” retired.
All figures are real and from the most recent history.
The Old Way
Part-time Bookkeeper (year before retiring)
1,022 hours @ $11.33/hr …….. $11,297.44 gross pay
(averaged 19.65 hours/week doing QuickBooks payroll and bookkeeping)
Full-time Receptionist (year before retiring)
Salary………………………………….$27,949.00
Total outlay…………………………………………………………………$39,246.44
The New Way
Van Cleve Payroll
Payroll Outsourced 52 pays x $45.50…………$2,366.00
Accounting- pays the bills, prepares
checks, reconciles bank statements, books the payroll, month-end and all year-end work needed for CPA to
prepare tax return…………………………………….$3,047.50
(average 1.3 hours/week, 5.64 hours/mo.)
Full-time Receptionist (new)
Enters bills, deposits into QuickBooks in around 1-2 hrs/week.
2,039.03 hours (average 39.21 hrs/wk)……..$21,686.71
Total outlay…………………………………………………………………$27,100.21
Total Savings……………………………………………………………………………….$12,146.23
Notes: Does not include the employer taxes for the employed individuals, does not include money saved on the CPA bill at year-end to clean up the books, does not include savings on QuickBooks tax table, and does not include the forced upgrades of QuickBooks every 3 years.
by bruce on September 1, 2010
“You should always go to other people’s funerals, otherwise, they won’t come to yours.”
Yogi Berra
by bruce on August 31, 2010
The ugly truth is businesses fail when they run out of cash.
The purpose of a business is not to provide jobs, or pay their “fair share” of taxes, it’s purpose is to make profits! The only way the economy grows and adds jobs is by the creation of new wealth, another name for profits. To make a profit, in some way, shape, or form, you have to plan for that outcome. The better you plan, the better your chances.
My company can help you to start looking into the future, to plan out the next 13 weeks or 12 months of cash flow, so you know where to cut, where you’re spending, to forecast the flow of cash through your business. Cash flow, of coarse, is different than your accounting P&L or Income Statement shows. Spot cash crunches weeks ahead of time, in time to actually do something about it. If you want to learn more about this, call Bruce at 814-431-4212.