Does your business struggle to maintain enough cash in the bank to pay vendors, employees, and bills on a regular basis? If so, you are not alone. According to a study by US Bank, 82% of small businesses fail due to poor cash flow. Managing your cash is crucial to staying in business, and more importantly, making money.
Do you have the insight into your painting business to make targeted improvements to make more money? With the right insight into your business, you can almost instantly improve your financial position.
One of one most powerful planning tools your bookkeeper can help you with is a budget.
If you are not getting and reviewing a budget with your bookkeeper, it’s time for a conversation (or a new bookkeeper).
To ensure your painting business is set up to allow you to gain insight into your financials and is easily accessible on-the-go, use Quickbooks Online Plus and follow the steps in this video to get started.