Get A Clear Perspective On Your Product And Business Costs To Create A Profitable And Sustainable Operation.
It is surprising how often businesses pour energy and resources into products or services that are losing money. Not that contribution to profit is the only value a product of service can hold, but it is definitely an important part of the equation.
Of course some products or services are knowingly run at a loss to enhance visibility, as a public service, or an intentional loss lead item. That is a whole other topic.
What we want to look at here are situations where there is unintentional loss, harming the bottom line and the sustainability of the business.
What might cause this? Either emotional attachment pushing people into throwing more and more resources into a product or service that they love so are not looking at clearly, cloudy expense tracking, or confusion on how to assess true costs. And of course, simply habit, it is how things have always been done.
Financial accounting is designed to fulfill financial and tax requirements. Cost accounting is organized to supply essential internal information for profitable and sustainable decision making. Allocating expenses, including overhead to individual products, services, projects or locations can help business owners and managers to make small adjustments within an operation or large shifts to build a stronger and healthier enterprise.
In a small and growing company financial and cost accounting do not necessarily have to be two separate programs. Well thought out bookkeeping with some added elements and analysis can supply both needs.
This is where I can come in to setup or adjust your basic bookkeeping , then to add elements and analysis to give you the clear picture that you need not only to make good decisions, but to run a sustainable and profitable business.
I have had years of experience at defining and assessing costs, and efficient operations. This is a very individualized process that would be tailored to your business and your needs. Again, all done virtually through QuickBooks, specialized Apps. and Zoom meetings.
If this sounds like a service you might need lets meet on Zoom and talk about you and your business. Use this Contact Form to tell me a bit about your business and to set up a time for a free virtual consultation.
I look forward to speaking to you soon.
Victoria Marihart